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Canada Invests in Lumber Exports to India
The federal government is investing an additional $600,000 to spur efforts to boost lumber exports to India, a potentially large market that’s home to about 1.2 billion people. Natural Resources Minister Joe Oliver announced Wednesday the funding to Forest Innovation Investment India (FII India). Ottawa has already provided $1.6 million to FII India, which is…
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Carrier Layoffs
Operations at Carrier Forest Products near Prince Albert, SK, are to cease entirely later in January, the Alberta government announced Friday. The remaining 12 workers have been issued layoff notices. According to Shane Vermette with the Alberta Ministry of Economy, all workers at the Prince Albert sawmill have been offered jobs at Carrier’s Big River,…
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Sawmill Accident Ruled Not Criminal
No criminal or regulatory charges will be laid in connection with an explosion and fire that killed two workers at a Burns Lake, BC, sawmill in January 2012. The Criminal Justice Branch said Friday that based on the evidence provided by WorkSafeBC there is no substantial likelihood of conviction against the Babine Forest Products sawmill.…
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Conifex Announces . . . .
Conifex Timber has entered into a definitive purchase agreement to acquire Lignum Forest Products, a private partnership which operates a lumber marketing and distribution business, for approximately $4 million, the company announced Monday. Conifex intends to fund the transaction from its existing available cash. Lignum operates its forestry and lumber distribution business in BC, providing…
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BC Lumber Exports Jan – Oct 2013 Break Records
The value of BC’s softwood lumber exports for the first 10 months of 2013 have broken a new record, Forests Minister Steve Thomson announced December 13. To the end of October 2013, the value of total softwood lumber exports to China reached $1.17 billion — exceeding the previous record set in 2011 when softwood lumber…
