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Interfor Announces . . .
Vancouver, BC’s, Interfor Corporation announced Thursday that shareholders have approved proposals to change the Company’s name to Interfor Corporation from International Forest Products Limited, and to simplify the Company’s share structure. The new name is a direct link to the Company’s traditional trade name, and is consistent with the formal names of its US subsidiaries,…
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Wildfire Season
Forecasters predicted earlier this year that, due to an extended period of very dry conditions, parts of the United States are under extreme forest fire danger this season. That warning seemed to be playing out this week when wildfires erupted in California. A thousand-acre wildfire in the foothills east of Los Angeles, CA, didn’t grow…
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Canfor Invests
Canfor will invest $30 million at its Polar facility in Bear Lake, north of Prince George, BC, to replace the existing sawmill and to produce higher-value products, company officials said Wednesday at the company’s annual general meeting in Prince George. Canfor will also pump $6 million into its Fort St. John sawmill’s log yard stabilization…
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BC Forest Practices Board Statement
A report released Tuesday on British Columbia’s forest industry’s harvesting of beetle-killed timber confirms that industry has been meeting government’s expectations for concentrating harvesting on dead pine trees, but says the harvest of other kinds of trees is increasing more than expected in some areas of the province. Pine Beetle Timber The report looks at…
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17th Annual Global CEO Survey
Sector Snapshot: Forest, Paper & Packaging FPP sector CEOs have been less confident about short term growth for several years; this year that’s especially true when it comes to prospects for the industry, said the PwC Global CEO Survey, released Thursday. Only about half, 54 per cent, expect to see growth, compared to 68 per…
