Resolute Forest Products announced the acquisition of Atlas Paper Holdings, Inc., a leading manufacturer of at-home and away-from-home tissue products, including recycled and virgin paper grades. “This is a step-change acquisition that provides us with an immediate position in the multi-billion-dollar North American consumer tissue market,” said Richard Garneau, president and chief executive officer of Resolute…
Canfor Corp. has closed on its US$93.5 million acquisition of El Dorado, Arkansas-based Anthony Forest Products Co. AFP operates five facilities across Arkansas and Georgia, including a sawmill, two laminating plants and two chip plants. It also runs a Sault Ste. Marie, Ont., joist plant through a joint venture. “We are pleased to welcome Anthony…
West Fraser Timber Co. Ltd. reported earnings of $56 million, or $0.67 basic earnings per share on sales of $1,044 million in the 3Q 2015. In the quarter lumber operations generated an operating loss of $9 million (2Q 2015 – operating earnings of $13 million) and Adjusted EBITDA of $26 million (2Q 2015 – $45…
Resolute Forest has added its voice to Nova Scotia’s complaints against a U.S. duty imposed on a certain type of Canadian-made glossy paper products. The Montreal-based company says it believes the U.S. Commerce Department failed to consider all the relevant factors and incorrectly applied the rules when it calculated the duty on Resolute. The duties…
West Fraser has entered into an agreement to acquire Manning Diversified Forest Products Ltd. which has sawmill operations located in Manning, Alberta and related timber harvesting rights, as the company said in the press release received by Lesprom Network.The sawmill has operated at the site since 1993 and has been producing approximately 100 million board…
The provincial government is pitching in some funding towards forestry training for 24 students enrolled at a program at the College of the Rockies. Roughly $700,000 was funnelled into the Community and Employer Partnerships program, which will give the students both classroom and field experience in the forestry sector. The students will learn about tree…
While drones are often associated with government and military, several industries recognise the benefits of unmanned aerial vehicle (UAV) technology and are turning to drones for a competitive advantage. Thus, since the summer of 2014 a team of FPInnovations researchers has been conducting tests across Canada to study the potential uses of drones and validate those…
The Nova Scotia government is making its final $13.7-million disbursement to Northern Pulp under a provincial funding program that no longer exists. In April 2013, the previous NDP government granted the Pictou County pulp and paper mill loans and incentives worth $21.7 million under the now defunct Nova Scotia Jobs Fund. According to the current Liberal government, the money was…
Stella-Jones Inc. today announced that it has completed its previously announced acquisition of the shares of Ram Forest Group Inc. and Ramfor Lumber Inc. Through its wholly-owned subsidiaries, Ram Forest Products Inc. and Trent Timber Treating Ltd., Ram Forest Group manufactures and sells pressure treated wood products and accessories to the retail building materials industry….
Tom Mulcair says the NDP will pump $105 million over three years into programs aimed at making Canada’s forestry sector more competitive. The NDP leader made the announcement Friday during a campaign stop at a forestry college in the small town of Sainte-Catherine-de-la-Jacques-Cartier near Quebec City. “We will make a series of crucial investments over three years…