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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,…
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US New Home Sales, Home Prices: Sept and Aug 2016
Newly constructed single family homes sold at a seasonally adjusted annual pace of 593 thousand in September, up 3.1 per cent from a downwardly revised August gure, and up 29.8 per cent from September 2015. US National Home Price Index: August 2016 The Case-Shiller National Home Price Index, released by S&P Dow Jones Indices, rose…
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North America Forest Company Quarterly Reports: 3Q 2016
This week Canfor, Weyerhaeuser, Domtar, and International Paper all released quarterly earnings reports. Canfor Corporation, out of Vancouver, BC, Wednesday reported net income attributable to shareholders of $50.9 million, or $0.38 per share, for 3Q 2016, compared to shareholder net income of $36.0 million, or $0.27 per share, for 2Q 2016 and a net loss…
