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Sawmill Fires, US and Canada
A fire early Thursday morning destroyed the main building at the Meadow Creek Forest Products sawmill at Cooper Creek, BC. There is no word yet on the cause or the total damage estimate. About a dozen people were employed at the mill, which restarted this year following a three-year closure. Kaslo RCMP Cpl. Shaun Begg…
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Ontario Fibreboard Mill Reopens
After six years of its doors being closed, the Pembroke, ON, MDF fibreboard plant is up and running once again. Pembroke MDF is expected to create as many as 160 full-time jobs, as well as spin-off employment in the local forestry, transportation, and electrical fields. Currently, the plant is operating four days a week, from…
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US Mortgage Foreclosures Drop
The delinquency rate for US mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85 per cent of all loans outstanding at the end of 3Q 2014, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate decreased for the sixth consecutive quarter and reached the lowest level…
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British Columbia Forestry Outlook
Since output bottomed in 2009, growth in BC’s forestry and manufactured goods averaged about 6 per cent per year through 2013, compared to 2.4 per cent for the economy as a whole, said Central 1 Credit Union Thursday. Ontario Mill Restart The plant was formerly known as ATC Panels, and was open from 1997 to…
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Interfor Invests
On November 6 Interfor, out of Vancouver, BC, announced its plans to invest $50 million in state-of-the-art technology for their sawmill operation in Castlegar, BC. The project will convert the mill into a two-line operation from three lines, as well as increase production capacity to 210 million board feet from its current level of 185…
