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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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USW – West Fraser Deal Ratified
United Steelworkers members employed at five West Fraser operations in the BC northern interior have ratified a five-year deal, the union announced Friday. Members at Fraser Lake Sawmill, Houston Forest Products, 100 Mile House Lumber, Quesnel Plywood, and Williams Lake Plywood have each voted in favour of the deal and when combined provided an overall…
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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…
