VANCOUVER – Canfor Corp. reported operating income of $131.0 million for the second quarter of 2017, up $24.2 million from reported operating income of $106.8 million for the first quarter of 2017, as a solid improvement in lumber segment operating earnings more than offset slightly lower pulp and paper segment earnings. Improved lumber segment results…
TORONTO — Unifor’s regional councils have added another $120,000 to BC wildfire relief donations, bringing the union’s total Red Cross donation to more than $220,000. “I want to thank our regional bodies for stepping up to extend Unifor’s solidarity,” said Jerry Dias, Unifor national president. “Unifor members in every province are concerned about the welfare…
VANCOUVER – West Fraser Timber will acquire the operations of the Gilman Companies from the Howard Gilman Foundation and other shareholders for approximately US$430 million. The Gilman Companies are comprised of six sawmills and a finger‑joint mill in Florida and Georgia, as well as an administrative office in St. Marys, Georgia. The acquisition is a…
VANCOUVER – Acadian Timber Corp. reported solid financial and operating results for the three months ended June 24, 2017. “Acadian’s second quarter benefited from favourable winter conditions which supported strong seasonal log production,” said Mark Bishop, CEO of Acadian. “Acadian continues to experience strong regional demand for hardwood logs and the outlook for softwood sawtimber…
MONTREAL – Pulp, paper and lumber producer Tembec announced net earnings of $17 million in the June 2017 quarter compared to net earnings of $9 million in the June 2016 quarter. Operating earnings before depreciation, amortization and other items (adjusted EBITDA) was $59 million for the three-month period ended June 24, 2017, as compared to…
MISSISSAUGA, ONT. – Weston Forest has expanded its operations into the United States with the purchase of the assets of Great Northern Lumber of Michigan. Weston Forest will operate the facility as Northern Industrial Woods Inc. The two companies have had a long-standing relationship, and Great Northern Lumber extends the reach of Weston’s remanufacturing capabilities….
VANCOUVER – West Fraser Timber Co. has reported its second quarter 2017 results, showing an increase in earnings and strong product pricing. The company’s lumber segment generated operating earnings of $171 million (Q1-17 – $152 million) and adjusted EBITDA of $240 million (Q1-17 – $191 million). Improved product pricing was said to be the primary…
A unique, two-week intensive lumber grading short course will be offered in Ontario next month. Block 1 of the National Hardwood Lumber Association training usually requires two weeks of hands-on study at the NHLA Inspector Training School in Memphis, Tenn. This year, in cooperation with the Canadian Hardwood Bureau, this block of hands-on training will…
TORONTO – Norbord has resumed production at the company’s OSB mill in 100 Mile House, B.C., the evacuation order for 100 Mile House and nearby communities was lifted. On July 10th, Norbord reported that the mill had temporarily suspended production in order to comply with evacuation orders due to wildfires burning in the region. All…
MONTREAL — Rayonier Advanced Materials has raised its takeover offer for Tembec after two of the Canadian forest products company’s shareholders had threatened to vote against the deal. Oaktree Capital Management and Restructuring Capital Associates, who together represent approximately 37 per cent of Tembec’s outstanding shares, have agreed to vote in favor of the new…