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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…
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Goodfellow Reports
Delson, QC’s, Goodfellow announced Tuesday its financial results for 2Q ended February 28, 2014. The Company reported a net loss of $0.3 million, or $0.04 per share, compared to a net loss of $0.9 million, or $0.11 per share, a year ago. Consolidated sales for 2Q were $95.4 million, the same as the previous year.…
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FSC Adds
The Forest Stewardship Council has added the concept of free, prior, and informed consent to its forest management standards around the world. “FSC has embraced the UN Declaration (on Rights of Indigenous Peoples) and that concept of free, prior and informed consent,” said Peggy Smith, Lakehead University associate professor and member of Forest Stewardship Council…
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New Forestry Plan, New Brunswick: Irving Invests
In obviously related news, JD Irving announced Friday two more major investments in its forestry operations, pledging to pump a total of $38 million into sawmill operations in Chipman, NB, and a centre in Doaktown. The announcements followed Thursday’s commitment by the New Brunswick government to increase the allocation of softwood the forest industry will…
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Stella Jones Reports
Montreal, QC’s, Stella-Jones earned $19.7 million, or 29 cents per diluted share, for the three-month period ending December 31, the company announced Friday. This compared to $16.5 million, or 25 cents per share, in the same period a year ago. Sales increased to $211.9 million, from $159.3 million a year earlier. The sales included $49.3…
