Weyerhaeuser reported better-than-expected results for the first quarter of 2018 with earnings and sales surpassing estimates by 9.1 percent and 4.2 percent, respectively. Earnings from continuing operations before special items in the reported quarter were 36 cents per share, surpassing the Zacks Consensus Estimate of 33 cents. Also, the bottom line surged 63.6 percent from…
LA DORÉ, QC, – Resolute Forest Products Inc has announced major investments totaling $12,956,700 in its La Doré wood products facilities, located in the Lac-Saint-Jean region of Quebec. The investments will be used to integrate new technologies into the manufacturing processes in order to sustain the facilities’ continuously enhanced performance in an ever-changing competitive environment….
SEATTLE, USA — A new study forecasts that softwood lumber consumption in the US will reach an all-time high by 2030. As a consequence, there are likely to be increased investments in production capacity in the US, changes in Canadian lumber trade flows, a rise in overseas supply, and upward pressure on sawlog prices, according…
The Regional District of Nanaimo (RDN), TimberWest and the Nanaimo Mountain Bike Club (NMBC) hosted a community Open House and Earth Day Clean-Up event at Doumont Trails on Sunday, April 29th. More than 80 volunteers helped to clear the land of 5360 KG (5.6 tonnes) of illegally dumped garbage, household supplies, building material, and garden…
Fortum and Valmet are developing a technology to produce advanced, high-value lignocellulosic fuels, such as transportation fuels or higher value bio-liquids. The technology is seen as one of the most competitive and efficient ways of producing advanced lignocellulosic biofuels to meet European targets for reducing greenhouse gas emissions. The project is a natural continuation of…
VANCOUVER, B.C. — BAP Industries of Guatemala has announced the signing of a 10-year exclusive bamboo purchase agreement with the U. S.-based EcoPlanet Bamboo Group for 100 percent of the off-take from its sustainably grown Nicaraguan bamboo plantations, as part of a strategic alliance with Advance Pulp and Paper Machinery AP & P Machinery of…
Vancouver, B.C. – West Fraser has announced Ted Seraphim’s plan to retire as Chief Executive Officer at the end of the second quarter of 2019. West Fraser also announced today the appointment of Ray Ferris, Executive Vice-President and Chief Operating Officer, as President and Chief Operating Officer effective immediately. Ray will be appointed Chief Executive…
Ontario is investing in research, education, and construction of tall wood buildings so more wood products can be used in new homes and taller buildings through the new Mass Timber Program. This program is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s carbon market. The use of wood…
VICTORIA, CNW – A forestry roundtable convened to deal with the crisis caused by U.S. tariffs on five Canadian paper mills has resolved to protect affected communities and recruit the federal government to fight back. “President Trump’s tariffs on paper mills are grossly unfair and may cause several mill closures,” said Scott Doherty, executive assistant…
Pinnacle Renewable Energy Group has announced they have finalized a contract to sell 70,000 metric tonnes of wood pellets annually to a Japanese conglomerate, Ube Industries Ltd., by the end of 2019. “Japan has made a strong commitment to decarbonization, and biomass is poised to become an increasingly important part of the country’s energy mix,”…