VANCOUVER, BC, CNW – GreenFirst Forest Products Inc. has announced that Rick Doman has replaced Larry G. Swets, Jr. as Chief Executive Officer of GreenFirst and Paul Rivett has replaced Kyle Cerminara as Chairman of the board of directors of GreenFirst . Both Larry G. Swets, Jr. and Kyle Cerminara will remain on the Board. These changes were determined to be in the best interests of the…
COWICHAN VALLEY CITIZEN –The B.C. government’s post-pandemic economic recovery plan won’t be seen until this fall, after a round of consultations guided by an internationally-known economist who bills herself as being “on a mission to save capitalism from itself.” CAPTION: Economist Mariana Mazzucato gives a TED talk on her approach to rethinking capitalism. (marianamazzucato.com) B.C. needs…
Vancouver, British Columbia – Western Forest Products Inc. has announced the release of its 2020 Sustainability Report detailing the progress and commitment to our key sustainability initiatives. This includes the completion of our first full lifecycle carbon accounting, which confirmed the positive role Western’s sustainable forest management practices and wood products have in fighting against…
PEMBROKE —The Ontario government, in partnership with the Wood Manufacturing Council (WMC), is helping people in Ottawa, Kitchener-Waterloo, and the Greater Toronto Area (GTA) prepare for good jobs in the wood manufacturing sector. With an investment of $885,000, the WMC is leading an innovative skills training project with local employers to help 72 workers and…
GERALDTON — The Ontario government is investing $3.6 million to help 150 Indigenous people receive training to start careers building and running the new Greenstone Gold Mine in Geraldton. They will learn the skills they need to become construction craft workers, heavy equipment operators, truck drivers, crane operators, welders, and millwrights. Details were provided today…
MADISON’S REPORT — The latest lumber production and sawmill capacity utilization rates data out of the Western Wood Products Association, for March 2021, shows improvements in both Canada and the US. As supply chain issues are resolved and more wood is moving through the pipeline, customers wonder if there are lower prices ahead. For their…
STATISTICS CANADA — Total investment in building construction increased 6.3% to $19.9 billion. Residential construction investment performed strongly in April, rising for a 12th consecutive month. In contrast, non-residential construction has not fully returned to pre-COVID-19 levels. However, it increased by 0.9% this month. On a constant dollar basis (2012=100), investment in building construction was up 5.8% to $15.3 billion in April….
Resolute Forest Products Inc. is spending $50 million to grow its lumber production after a U.S. housing boom sent demand soaring and lifted prices to record highs. The company is expanding capacity at sawmills in Ontario and Florida, it said in a statement Thursday. The funds will also go to modernizing equipment at a facility in…
Vancouver, B.C. – West Fraser Timber Co. Ltd has announced an increase in the quarterly dividend to C$0.25 per share and an increase in the Company’s authorization to purchase up to 9,582,470 of its Common shares. Dividend Increase The Board of Directors of the Company has declared a quarterly dividend of C$0.25 per share on the…
Vancouver, BC — Canfor Corporation has announced it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a…