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Tarriff -Free Canadian Lumber Imports to EU: CETA
Current EU tariffs for forest products range from 2 per cent to 10 per cent; upon Canada/EU bilateral agreement CETA’s entry into force, all Canadian forestry products will enjoy duty-free entry to the EU, according to Lesprom Network Monday. The EU is the world’s third largest importer of forest products – US$46 billion in 2015,…
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Multi-Storey Wood Timber Building
Last week was held the Timber Expo and UK Construction Week in Birmingham, UK. Now that wood framed buildings in Ontario can rise to six storeys, several owners have opted to go that route, citing speed of construction and cost as their prime motivators, wrote Ian Harvey in Daily Commercial News Friday. While there’s not…
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West Fraser Invests in US Sawmill
West Fraser, out of Vancouver, BC, is expanding its Newberry County sawmill operations in South Carolina. The project is expected to bring US$33 million in new capital investment, as South Carolina Department of Commerce reported Thursday. West Fraser Invests in US Sawmill Since 2007, the West Fraser has invested millions to modernize the mill. The…
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84 Lumber Closes Land Sale Deal
Spirit Realty Capital, based in Dallas, TX, Wednesday announced the Company has closed on the sale of 108 properties to a subsidiary of 84 Lumber Company, out of Eighty Four, PA. The total cash consideration received by Spirit today was US$205.7 million, consisting of US$200.7 million to purchase the assets, and a US$5 million amendment…
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USDA Promotes Wood Product and Wood Energy
The US Department of Agriculture announced Thursday it will invest up to US$7 million in grants for projects designed to expand wood products and wood energy markets that support sustainable forest management, especially in areas with high wild re risks. These grants are available through the US Forest Service’s Wood Innovations Program. Through this initiative,…
