Sawmill profit margins fell substantially in North America during the second half of 2018 after reaching record highs in the 2Q/18, reports the WRQ. Softwood lumber prices have generally fallen faster than the costs for sawlogs throughout the world in late 2018, resulting in lower margins for the sawmilling sector, according to the WRQ. In…
Ontario’s government is supporting tourism in Sault Ste. Marie through an investment in new Paper Mill district attractions, creating eight new full- and part-time jobs. Today, Ross Romano, Parliamentary Assistant to the Minister of Energy, Northern Development and Mines, announced the provincial government is investing $5 million to help the Sault Ste. Marie Economic Development…
A wood-pellet production plant in Entwistle, Alta., which was rocked by a fire and explosion on Feb. 11, will reopen next month. Dry fibre production at Pinnacle Renewable Energy will resume in March, the company said in a press release. Once the investigation into the incident is complete, the company will decide on a timeline…
One of the benefits of the legalization of cannabis in Canada is that companies are taking a closer look at their health and safety policies and procedures and better addressing a longstanding yet rarely discussed concern as a cause of injury and death: substance use in the workplace. Whether it’s prescription or recreational substance use,…
VANCOUVER, CNW — West Fraser has announced temporary curtailments of approximately three weeks of production throughout the first quarter of 2019 at each of three British Columbia sawmills: Chasm, 100 Mile House, and Chetwynd. In addition, the Williams Lake Sawmill will be shut down for approximately a week to complete certain capital upgrades. The decision…
JELENIA GORA, Poland — In the second half of 2018, PMP (Paper Machinery Producer) signed a contract with South India Paper Mills Ltd., for a delivery of two core technological items – Intelli-Jet V Hydraulic Headbox and two Intelli-Nip Shoe Presses in Tandem configuration. Both items will be implemented on PM6 in mill in Nanjangud,…
MONTREAL, CNW — Resolute Forest Products Inc. has announced that, on December 31, 2018, it completed the previously disclosed sale of the Catawba, South Carolina, paper and pulp mill to New-Indy Containerboard, LLC (“New-Indy”), pursuant to the terms of the asset purchase agreement dated October 2, 2018. The total purchase price of about $300 million…
VANCOUVER, CNW — Canfor Corporation has announced it will be extending its temporary curtailment at sawmills in British Columbia (BC) and will be reducing operating hours at some sawmills throughout Q1 2019. This decision is due to a continuing decline in lumber prices, in addition to high log costs and log supply constraints. The curtailment…
VANCOUVER, CNW — West Fraser has announced it will implement temporary production curtailments over the holiday period at four of its British Columbia sawmills. The Company’s operations in Chasm, 100 Mile House, Williams Lake and Chetwynd are all affected by the decision. Ted Seraphim, CEO of West Fraser stated, “Challenging lumber markets and high log…
VANCOUVER, CNW — Canfor Corporation has announced it has entered into an agreement to purchase Elliott Sawmilling Co., Inc. located in Estill, South Carolina for a purchase price of US$110 million, which includes normalized working capital. The purchase price represents a 4.3 times EBITDA multiple based on Elliott’s twelve months trailing EBITDA. The transaction will…