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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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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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Universal Purchases
Universal Forest Products, out of Grand Rapids, MI, Monday announced that one of its subsidiaries has purchased certain assets of Container Systems Inc (CSI), a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, NC. The transaction closed on March 14, 2014. CSI produces a full line of moving…
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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…
