Global Merger and Acquisition activity in the Forests, Paper, and Packaging sector in 1Q 2017 saw an increase in deal value relative to 4Q 2016, said PwC July 7. A total of 23 M&A deals were announced during Q1 2017 with a total value of US$4.2 billion and an average (median) deal size of approximately US$14.7 million. This compares to 39 deals in Q4 2016 with a total value of US$3.4 billion and an average (median) deal size of approximately…
INITIALLY PUBLISHED IN Madison’s Lumber Reporter July 14, 2017: Weather experts in western Canada have deemed wildfire season in British Columbia this year as “hazard index high” explained wildfire ecologist Robert Gray to Madison’s Thursday in a phone interview. The weather service expects this hot, dry weather pattern will likely hold for 10 – 12 weeks. “This year is shaping up like 2003,” detailed Gray. In 2003 was the catastrophic wild re which was extremely damaging to the town of…
Lumber production in Canada was down 7.1 per cent from March, to 5,778.2 thousand cubic metres of lumber in April, according to Statistics Canada July 7. Production was 1.8 per cent lower than in April 2016. Sawmills shipped 5,886.6 thousand cubic metres of lumber in April 2017, up 0.8 per cent from March and 4.1 per cent higher than in April 2016.
Rates of production as percent of practical capacity for North American sawmills was 86% in the US for February 2017, compared to 84% the previous year and 86% for full year 2016, said the latest issue of the Western Wood Products Association Lumber Track May 8. US AND CANADA SAWMILL CAPACITY UTILIZATION: WWPA Capacity utilization of sawmills in Canada rose slightly to 92% from 91% in February last year, and compared to 90% for full year 2016. US AND CANADA…
Canadian lumber production rose 19.5 per cent in January, with sawmills producing 5,813.4 thousand cubic metres of lumber, said Statistics Canada April 10. Production was 5.2 per cent higher than January 2016. In January, sawmills shipped 5,452 thousand cubic metres of lumber, up 10.1 per cent from December. Shipments were 2.8 per cent higher than in January 2016.
Rates of production as percent of practical capacity for North American sawmills was 82% in the US for January 2017, compared to 84% the previous year and 86% for full year 2016, said the latest issue of the Western Wood Products Association Lumber Track Thursday Capacity utilization of sawmills in Canada remained at at 93% compared to January last year, and compared to 90% for full year 2016. North American Sawmill Capacity Utilization and Lumber Production CANADA AND US LUMBER…
EACOM Timber, out of Montreal, QC, has sole ownership of engineered wood producer Anthony-EACOM following the purchase of outstanding shares from Canfor Corp, the company announced April 5. The company said the change in ownership will result in the transfer of more than 50 employees to EACOM’s management.
A sawmill fire Wednesday at BKB Cedar Manufacturing in McBride, BC, displaced 35 full-time employees. Mayor Loranne Martin Says they acted quickly after the facility went up in smoke, according to My Prince George Now. Regional District of Fraser-Fort George spokesperson Renee McCloskey says multiple re departments were called to battle the blaze. According to McBride Volunteer Fire Chief David Hruby, the sawmill will be turned back to the owner under WorkSafe BC rules. Thursday’s fire investigation ruled the only…
The latest issue of the Western Wood Products Association’s monthly Lumber Track shows steady improvement in Canadian and US sawmill capacity utilization rates and softwood lumber production volumes. Softwood lumber production by US sawmills reached 32.772 billion board feet (bbf) in full year 2016, a gain of 3.4 per cent from 31.643 bbf in the same period the previous year, Portland, OR’s, according to Lumber Track. Canadian sawmills produced 28.335 billion board feet of softwood lumber last year, a gain…
A series of fast-spreading fires, mostly in Chile’s central region, are being fanned by strong winds, high temperatures and a prolonged drought. One town, Santa Olga, has been destroyed by the blaze, said the BBC Friday. Epic Wildfires, Chile A prolonged drought and high temperatures have worsened the Chile blazes, which have so far destroyed more than 700,000 acres of forestland and killed 10 people, mainly firefighters and police officers, according to New York Times Wednesday. The government has declared…