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Alberta Forest Industry Trees Planted
Members of the Alberta Forest Products Association (AFPA) planted 65 million trees in forests throughout Alberta during the summer of 2014, the agency announced Wednesday. This works out to 16 trees for every person in Alberta and an average of more than two trees for every tree the industry harvested. In addition to long-term benefits,…
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Canfor, Canfor Pulp Report
Canfor Corporation Thursday reported net income of $54.3 million, or $0.39 per share, for 2Q 2014, compared to $110.3 million, or $0.77 per share, for 2Q 2013. Canfor Pulp Products also Thursday reported net income of $18.8 million, or $0.27 per share, for 2Q 2014, compared to $7.6 million, or $0.11 per share, for 2Q…
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US Home Builder Financial Results
D.R. Horton and PulteGroup, the two biggest US homebuilders, said Thursday a tight supply of homes is helping them to raise prices, suggesting that the market is regaining strength ahead of the crucial spring selling season, according to Reuters. A dwindling number of existing homes for resale and a scarcity of ready-to-build land is allowing…
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Alberta Forest Products Association, 4Q 2013
Values of lumber, pulp and paper, and panelboard manufactured by Alberta Forest Products Association (AFPA) members totalled approximately $2.7 billion for 2013, the AFPA released Friday. The value of production was up $335 million or 14 per cent from 2012. Part of the increase can be attributed to new members who joined the AFPA in…
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Resolute Announces
Resolute Forest Products, also based in Montreal, QC, Thursday announced a $105 million upgrade to its Calhoun, TN, pulp and paper mill, including the installation of a modern continuous pulp digester and other wood chip processing equipment. When completed by mid-2016, the project will contribute to significantly lower the mill’s costs, increase its pulp capacity…
