Western Forest Products (TSX:WEF) had net income of $19.1 million in 2015’s second quarter – down 35% compared with $29.2 million in the same period last year. Revenue for the period ending June 30 was $289.2 million, compared with $296.2 million for the second quarter last year. Western credited an increase in specialty product sales…
Owner plans to be in production this fall The Riverstone Plywood Mill in Miramichi, New Brunswick should be back in production this fall. According to the Miramichi Leader, the mill received $2 million from the Atlantic Canada Opportunities Agency (ACOA) on July 31. Owner Jean-Yves Cardinal of Quebec told the newspaper that although the mill had…
Conifex Timber Inc. of Vancouver, Canada, said Thursday that it is buying the former George-Pacific sawmill south of El Dorado. The statement said Conifex has completed the purchase of the outstanding shares and shareholder loans of a private Delaware company. The consideration consisted of 100,000 common shares of the company at a deemed price of…
Unless they’re there to hand out paycheques, thank-you gift baskets or actually swing an axe and hold a hose, I could do without ever seeing another politician at a fire. It’s obviously contrived. But there’s something unsettling about watching one roll in to an ongoing crisis wearing their man/woman-of-the-people wardrobe. They speak to the front…
When announcing the permanent closure the paper and TMP operations at the Howe Sound mill. Paper Excellence explained that the company had gone through an extensive product review process and concluded the company’s future does not lie with paper products. “The future of our mill lies with our strong pulp and green energy opportunities that…
The federal government has announced funding for two projects that will connect workers with careers in the forest products and wood manufacturing sectors. The Forest Products Association of Canada (FPAC) is receiving over $1 million to create an online database for the forest products sector that will include information on available jobs based on skills…
The B.C. Government is seeking the public’s input on the future of one of the province’s most important wilderness areas, the Great Bear Rainforest. Spanning 6.4 million hectares on B.C.’s north and central coast, The Great Bear Rainforest contains one of the largest remaining areas of unspoiled temperate rainforest in the world. Now the Ministry…
A complaint by residents on Sonora Island has led to the Forest Practice Board recommending both TimberWest Forest Corp. and the provincial government review logging practices under an ecosystem-based management (EBM) plan for old-growth forests along the B.C. coast. In a report issued in July, the board said TimberWest violated the spirit of the EMB…
Canfor Pulp Products insider Canfor Pulp Products Inc. bought 10,700 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price of C$12.83 per share, for a total transaction of C$137,258.53. Canfor Pulp Products Inc. also recently made the following trade(s): On Wednesday, July 29th, Canfor Pulp…
Canadian supercalendered paper sold in the U.S. is now subject to a duties up to 20%, following a preliminary determination by the U.S. Department of Commerce. The investigation concluded that Canadian producers and exporters have received countervailable subsidies. The affected producers are Port Hawkesbury Paper, which faces an interim duty of 20.33%, Resolute Forest Products,…