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Continuing on track to meet its operating plan for the year, CatchMark Timber Trust, Inc. reported a 68% increase in revenues, a 7% improvement in GAAP net loss, and a 137% increase in Adjusted EBITDA for the quarter ended June 30, 2017, compared to the three-month period ended June 30, 2016. Increases in year-over-year harvest[…]

Canfor Corporation reported net income of $81.3 million for the 2Q 2017, compared to net income of $66.1 million for the 1Q 2017 and a net income of $36 million for the 2Q 2016. For the six months ended June 30, 2017, the Company’s net income was $147.4 million, compared to $62 million for the[…]

Weyerhaeuser Company reported 2Q earnings from continuing operations of $24 million on net sales of $1.8 billion. This compares with earnings from continuing operations of $130 million on net sales of $1.7 billion for the same period last year. Adjusted EBITDA for the 2Q was $506 million compared to $413 million for the 2Q of[…]

Nathan Trushell has been appointed as the new CEO of VicForests following a successful period of acting CEO. VicForests’ Board Chair, Michael Humphris, said Mr Trushell brings a wealth of experience in the Victorian native timber industry. VicForests is a Victorian State-owned business responsible for the sustainable harvest, regrowing and commercial sale of timber from[…]

The BID Group has acquired MoCo Engineering and Fabrication Inc. of Spokane, Washington,. Formed 22 years ago by co-owners Chuck Moles and Erik Humble, MoCo will continue to operate from the existing facility in the Spokane Valley. Based in Vancouver, British Columbia and facilities throughout North America, The BID Group is a privately-owned company with[…]

The framework for a 10-year softwood lumber agreement between Canada and the United States could be reached in the coming weeks, an industry analyst says, citing discussions with unnamed trade contacts. In a report released on Thursday, Hamir Patel of CIBC World Markets Inc. said a deal setting quotas on Canadian softwood exports could be[…]

Wood products trade between China and Australia in the first half of 2017 the value of wood products trade between China and Australia rose 17% to US$1,680 million from the same period of 2016 reports www.Woodweek.com Of the total, the value of China’s wood products imports from Australia grew 23% to US$790 million. The value[…]

PRINOTH has announced CG Equipment located in Southern Ontario, Canada as its newest tracked vehicles’ dealer in Canada. CG Equipment has been added as a PRINOTH dealer to represent the PANTHER line-up in Ontario where there is an influx of activity. Well-established as a construction dealer, CG Equipment will service the province’s various markets as[…]

Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced it has entered into an arrangement agreement to acquire Watkins, Minn.-based International Barrier Technology Inc. (Barrier) for $22 million.  The agreement is for 100 percent of the shares of Barrier, a British Columbia company publicly traded on the TSX Venture Exchange, making Barrier a wholly owned subsidiary of[…]

The US pellet plants have produced a total of 1,727 million tonnes of pellets during the first quarter of 2017, 5.4% more than in the same period last year. According to figures of the U.S. Energy Information Administration (EIA) at the U.S. Department of Energy, production of pellets for the heating market and of industrial[…]