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Acadian Timber Announces
Acadian Timber 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 the last…
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Atikokan Planer Mill Running
The first board was dressed, trimmed, and graded on April 4 in the planing mill at the new Resolute Forest Products, Sapawe sawmill in Atikokan, ON, according to Atikokan Progress and Printing Wednesday. Rough lumber is being delivered each day from the Ignace, ON, sawmill. Two dry kilns are now operating at the Sapawe site…
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Deltic, West Fraser Report
Deltic Timber, based in El Dorado, AR, Monday reported 1Q earnings of US$1.9 million. On a per-share basis, the El Dorado, Arkansas-based company said it had profit of 15 US cents. The lumber company posted revenue of US$48.4 million in the period. West Fraser Timber, out of Vancouver, BC, reported Friday earnings of $49 million,…
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Home Sales, US
Sales of previously owned US homes rose to the highest level in 18 months in March. Existing-home sales increased 6.1 per cent last month from February to a seasonally adjusted annual rate of 5.19 million, the National Association of Realtors said Wednesday. That was the highest level since September 2013. At the current sales pace,…
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Sawmill Fires
The cause of a stubborn fire recently at the Flavelle Sawmill in Port Moody, BC, that took crews more than 12 hours to douse may never be known, Port Moody fire chief Remo Faedo said to the Tri-Cities Now. He noted damage to the planer mill was so severe it’s unsafe to do a complete…
