Search Results for: canfor

Canfor Southern Pine, a leading integrated forest products company, will upgrade its existing Camden, South Carolina sawmill in Kershaw County. The company is projected to invest $40 million in the project, as South Carolina Dept. of Commerce reports. The company’s Camden facility has been in operation since 1983 and manufactures dimension lumber. To accommodate its[…]

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[…]

Canfor Corporation reported net income of $66.1 million, or $0.50 per share, for the 1Q 2017, compared net income of $38 million, or $0.29 per share, for the 4Q 2016 and a net income of $26 million, or $0.20 per share, for the 1Q 2016. The Company’s adjusted net income for the 1Q 2017 was[…]

dynaCERT Breaks into the Forestry Sector in Western Canada with Fiorentino Bros. Contracting Ltd. dynaCERT Inc. is pleased to announce that it will be installing its HydraGEN™ Technology Units on logging equipment and heavy-duty trucks owned by Fiorentino Bros. Contracting Ltd. (“FBC”). FBC owns over 100 units of heavy equipment and a fleet of over 70 motor[…]

Production will be cut back to approximately 80% at all of Canfor’s mills across B.C., starting last week, impacting over 200 workers in the East Kootenay. According to Canfor, the reduction in hours is in response to an unstable lumber market. “Due to challenging market conditions, we are implementing reduced operating schedules at our B.C.[…]

Following on from stories in last week’s Friday Offcuts issue highlighting mill closures and the cutting of shifts at sawmills across B.C. Western Forest Products Inc. is the latest lumber producer to announce temporary production curtailments to deal with challenging market conditions.The Vancouver-based company says it will reduce output at three of its sawmills to[…]

Until about six months ago, B.C.’s forestry companies were riding a lumber bull market. Record-high lumber prices in the U.S. had muted softwood lumber duties, and B.C. forestry companies were netting record profits. But the party may be over reports Nelson Bennett, BIV. A shrinking timber supply and high log prices in B.C. and a[…]

BID Group founder Brian Fehr has been named to the Order of British Columbia. He will be among 14 people who will receive the province’s highest honour during a ceremony at Government House in Victoria on Sept. 20. His biography, as provided by the Honours and Awards Secretariat, tells a story of stunning achievement while[…]

In a recent article by Russ Taylor, Managing Director of FEA Canada, he outlined how the recent run on lumber prices has put big smiles on the faces of North American sawmill operators and lumber traders. Mill prices for all lumber species in North America have been trending higher since preliminary U.S. import duties began[…]

SFPA’s 34th Forest Products Machinery & Equipment Exposition – Expo 2017 – was a spectacular showcase for the wood products industry last week in Atlanta.  For three days, 186 exhibitors displayed the latest equipment, technology and services available. Featuring a floor plan that was larger than the 2015 event with nearly 2,000 exhibitors and visitors[…]