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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…
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Canfor Expands
Due to increased global demand for southern yellow pine lumber, Canfor Southern Pine is expanding its existing operations in Darlington County, SC, the company announced Wednesday. The US$8 million investment is expected to generate 50 new jobs through the addition of a second shift at the manufacturing facility. Canfor’s Darlington facility manufactures southern yellow pine…
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Stikine Plans New Mill
Stikine River Forest Products announced Monday evening plans to build a mill in Petersburg, AK, according to the Petersburg Pilot. Owner John Glenn said he has located a piece of property near the airport that exists within industrial zoning and has power and water connections. Construction of the mill would be done in two phases.…
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Illegal Timber Harvesting
Illegal Timber Harvesting Fast on the heels of the US Lacey Act and Europe’s EUTR legislation prohibiting the import of illegally harvested timber, this week Australia officially approved it’s own similar law. Australia’s parliament on Monday passed legislation to ban the import and trade of illegally logged timber, joining the United States and European Union…
