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Canfor, Canfor Pulp Report
Canfor Corporation Thursday reported net income of $54.3 million, or $0.39 per share, for 2Q 2014, compared to $110.3 million, or $0.77 per share, for 2Q 2013. Canfor Pulp Products also Thursday reported net income of $18.8 million, or $0.27 per share, for 2Q 2014, compared to $7.6 million, or $0.11 per share, for 2Q…
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FSC Adds
The Forest Stewardship Council has added the concept of free, prior, and informed consent to its forest management standards around the world. “FSC has embraced the UN Declaration (on Rights of Indigenous Peoples) and that concept of free, prior and informed consent,” said Peggy Smith, Lakehead University associate professor and member of Forest Stewardship Council…
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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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Canadian National Won’t Move Lumber Until Backlog Clears
Note – the embargo refers to shipments to the west coast http://online.wsj.com/news/articles/SB10001424052702303546204579435050770568642?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303546204579435050770568642.html Canadian National Won’t Move Lumber Until Backlog Clears Railway’s Notice Comes as Port Strike Worsens Delays Caused by Railcar Shortage Canadian National Railway Co. told British Columbia wood and pulp producers it will stop moving products to Pacific Coast loading facilities until a…
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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…
