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Interfor Reports, Buys
International Forest Products, or Interfor, out of Vancouver, BC, Thursday reported net earnings of $11.4 million or $0.18 per share in 4Q 2013, compared to net losses of $0.1 million or $0.00 per share in 3Q and $3.8 million or $0.07 per share in 4Q 2012. Also this week, Interfor agreed to purchase operations including…
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Lumber Production Up : Jan – Nov 2013
US sawmills produced 27.66 billion board feet (bbf) of softwood lumber in the first 11 months of 2013 – up 5.7 per cent from 26.161 bbf a year earlier, according to the Western Wood Products Association’s Lumber Track February 10. Western US sawmills accounted for 12.534 bbf of the monthly total, a gain of 7.5…
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Vancouver History : logging in Stanley Park
FROM THE VANCOUVER SUN FEB 15, 2014: In Feb. 14, 1899, American industrialist Theodore Ludgate signed a deal with the federal government to lease Deadman’s Island, off Stanley Park. The cost was $500 per year, for 25 years. Ludgate planned to build a lumber mill on the 7.5 acre island. He told The Vancouver World…
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Canfor Reports
Canfor Corp, out of Vancouver, BC, Wednesday posted a higher 4Q 2013 profit, boosted by strong lumber prices and an increase in pulp production and shipments. The company said it expects lumber consumption to continue to rise in 2014 due to US demand and offshore markets. Netincome attributable to shareholders rose 31 per cent to…
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Labour Agreements
Two sets of labour negotiations reached agreement this week. The BC Northern Interior Bargaining Committee (USW) and the Council on Northern Interior Forest Employment Relations (Conifer) have shook hands and reached a tentative agreement, said a United Steelworkers release Wednesday. Labour Agreements Talks resumed this week in Prince George, BC, where Conifer and the USW…
