Montreal-based lumber, paper and pulp producer Tembec has received an $807 million US offer to take over the company from Florida-based conglomerate Rayonier Advanced Materials. Jacksonville-based Rayonier is offering Tembec shareholders $4.05 Cdn per share, or 0.2302 shares in the new combined company for every share that they own. The deal, which would see Rayonier…
As climate change makes urban forests more important than ever, students and staff at the University of Toronto’s faculty of forestry are worried about their future.The university is considering changes to its academic structure, inspiring more than 300 supporters to sign a petition to save the faculty.U of T vice-president and provost Cheryl Regehr said…
The USA imported a total of 8.456m m³ of softwood lumber from Canada in the first quarter of this year which, according to the figures from the US Department of Agriculture, Foreign Agriculture Service (FAS), equates to a reduction of 16% against last year. After imports in January had still been slightly higher than a…
Spray Lake Sawmills is the horse that has taken the lead in the way of donations for the coming fifth annual Cochrane Fair.The local lumber kings are donating $15,000 to the Aug. 18 to 20 weekend event that will also host the annual Cochrane Classic Bullriding on the Saturday evening.The sizable donation makes it possible…
uilding tall with structural wood is the aim of many research-minded project teams these days. But the building type is largely outside the scope of current building codes in the U.S., meaning each project requires ample — and often costly — testing to prove it will perform equal to or better than it would if…
On behalf of the Board of Directors of FPInnovations, Mr. Yvon Pelletier, Chairman of the Board, announced today that Pierre Lapointe, President and Chief Executive Officer of FPInnovations is stepping down from his position. A selection process will be started over the next few weeks and Pierre will remain in office until his replacement is…
New Brunswick’s new special envoy to the United States on the softwood lumber tariff dispute says he will begin work immediately to get the province a favourable deal. David Wilkins, who was in Saint John on Tuesday afternoon with Premier Brian Gallant, said his goal is to get a return of the long-standing exemption on…
A rise in U.S. tariffs on Canadian softwood will help drive an increase in lumber exports to China and other Asian markets, Canada’s top trade official said. “There’s an enormous opportunity,” said Trade Minister Francois-Philippe Champagne in an interview in Singapore on Monday. “Diversification is the key, that’s why Canada has an ambitious trade agenda.”…
Canada and the United States are unlikely to strike a deal on a dispute over lumber exports by the time talks on renewing NAFTA start in mid-August, a source close to the matter said on Thursday. U.S. Trade Representative Robert Lighthizer said earlier in the day he hoped the issue would be solved before the…
A fairly wet spring has meant fewer wildfires than normal on the Prairies. Saskatchewan has had about 65 wildfires, well below the province’s five-year average of about 120 by this time. Alberta is reporting about 220 wildfires, compared to more than 500 by this time last year. “This spring, we’ve received a lot more rain,…