Forestry scientists are looking for the help of New Brunswickers to track spruce budworm populations as an outbreak in Quebec approaches the border. It’s been about 35 years since the spruce budworm was last a problem for New Brunswick. But across the border in Quebec, about 4.2 million hectares of forest has been infected during…
Stella-Jones is expanding its wood treating capabilities for the residential lumber market, saying it has signed a letter of intent to purchase Ontario supplier Ram Forest Group and Ramfor Lumber for an undisclosed price. Ram Forest subsidiaries operate treating facilities in Gormley and Peterborough that generated about $90 million in sales last year. A wood…
The Pictou County Chamber of Commerce says it supports Northern Pulp and the province’s decision to close the treatment facility in Boat Harbour. Chamber president Jim Fitt issued a statement last Friday outlining its position regarding the pulp mill and the treatment facility. Internal Services Minister Labi Kousoulis introduced the Boat Harbour Act on April…
From the wood-powered steamboats that once plied the Yukon River to the high-efficiency home wood stove, Yukoners have long relied on their forests for fuel. But maybe not enough, according to the Yukon government. The territory has drafted a new “biomass energy strategy” that would see a move toward more use of wood fuel to…
Canfor Pulp Products Inc. reported net income of $28.0 million, or $0.40 per share, for the first quarter of 2015, compared to $20.7 million, or $0.29 per share, for the fourth quarter of 2014 and $25.7 million, or $0.36 per share, for the first quarter of 2014. The following table summarizes selected financial information for…
Acadian Timber Corp. (TSX:ADN) has announced that longtime chief executive Reid Carter is stepping down at the end of the week. The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday. Bishop has more than 25 years of forest industry experience, including…
Timber stocks have become must-have investments because of the growing demand for timber and because they have increased in value at a greater rate than inflation, giving the stocks minimal risk and significant upside potential. With this in mind let’s take a look at three of the top timber stocks that you should consider investing…
After months of speculation and hearsay, Resolute Forest Products has confirmed that it will be relinquishing its logging rights inside the Abitibi River Forest. The company owns a 40% stake in the Sustainable Forest Licence (SFL) for that area, and after closing its Iroquois Falls mill in December, Resolute says it wouldn’t be right for…
When Kari Yuers’ business development manager suggested exporting to the Middle East, the CEO of Kryton International could hardly believe her ears. “I said, ‘Why would we go to the Middle East? We sell concrete waterproofing and that’s the desert.’ ” As it turned out, groundwater beneath all that sand is a major management challenge….
Members of the United Steelworkers Union are petitioning the B.C. government to hold a public inquiry into the explosions at Babine and Lakeland sawmills. Adam Connell is hoping to raise at least 10,000 signatures. At the time of writing the petition has just over 2,200 signatures. The explosions happened back in 2012. Four people were…