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Plum Creek Develops
Plum Creek Timber, out of Seattle, WA, and one of the largest private landowners in the nation, has begun developing a 2,000-acre “mega site” in south Georgia for future industrial use. Speaking to stock analysts on April 28, Plum Creek CEO Rick Holley said the property, which he called the “Heart of Georgia mega site,”…
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Washington State Invests in Mill
The governor of Washington State announced Friday a US$5 million funding package made up of tax credits and a state loan that will allow Josephine County’s last sawmill to reopen, according to SeattlePi Friday. Speaking at a news conference at a wood products mill in White City, Gov. John Kitzhaber said the funding helps spread…
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Canfor Sells
Canfor Corp said this week it has an agreement to sell the Daaquam sawmill in Saint-Just-de-Bretenières, QC in a deal worth $25 million. The deal with Groupe Lebel and others is expected to close by the end of March, Canfor said in a release on Friday. The Daaquam mill produced 120 million board feet of…
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Canada Sawmill Production : Dec 2013
Lumber production by Canadian sawmills decreased 14.8 per cent from November, to 4,151.3 thousand cubic metres in December, according to Statistics Canada Friday. Compared with December 2012, lumber production increased 5.8 per cent. Sawmills shipped 3,912.2 thousand cubic metres of lumber in December, down 14.7 per cent from November. Elsewhere, total Canadian wood product 2012…
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Domtar Declares . . .
Domtar Corporation, also based in Montreal, announced Thursday that its Board of Directors has approved its fourth quarterly dividend for the 2013 fiscal year on its common stock and on Domtar (Canada) Paper Inc. exchangeable shares. The dividend of US$0.55 per share is payable on April 15, 2014 to stockholders of record on March 14,…
