June 28, 2016 – The new Sustainable Forestry Initiative (SFI) progress report Linking Future Forests to Communities tells the story of how responsible forestry is helping improve our shared quality of life.
June 27, 2016 – While Canada is a capitalist society, Canadians can be surprisingly uncomfortable talking profit. It’s the oil that runs the machine, and at CFI we feel the more profit the industry generates, the better.
June 23, 2016 – BioCarbon Engineering has a reforestation plan that could allow two operators flying multiple drones to plant up to 36,000 trees per day.
June 21, 2016 - Cat now manufactures three different tracking tags so operators can know where their equipment is at all times.The tracking tags offer cellular or satellite tracing options that can be used in built-up or very remote areas. Cat delivers daily location reports for every piece of equipment that has a tag, and that information can be accessed online.There are three different trackers available. Two are stick-on and provide location services and one requires installation and wiring but will provide details about hours of utilization on top of location for improved planning of maintenance and billing.
June 21, 2016 – Fewer than half of contractors have seen rate increases over the past three years, but how well you’ve managed to negotiate a rate increase varies greatly by both region and company size.
June 21, 2016 – Community leaders are not as optimistic as they once were about the coastal forest industry, and most feel the industry is in worse shape now than it was just over a decade ago.
June 21, 2016 - Certifying a forest to a sustainable forest management standard is an important way for managers to assure their markets and the general public of the sustainable forestry they practice. It also helps indigenous communities ensure our values are reflected in the management of those forests.
June 21, 2016 - Many arguments have been made over the years pertaining to what to do with slash piles leftover from logging operations. Sometimes the leftover forest residuals can be used for various biomass operations, if the contractor can make the logistics work in a way that is profitable to their business. But often times, the slash piles are left to rot in the forests where they are harvested, leaving potential fire hazards and wasted energy.
June 17, 2016 – Canadian wildfire prevention teams are constantly looking for new and innovative ways to manage wildfires with limited budgets. One speaker during the panel sessions at the International Bioenergy Conference and Exhibition in Prince George, B.C. put forth an interesting strategy that also has the potential to provide an economic stimulus for the region while servicing home heating needs for people in northern B.C. David Dubois, chief of engineering and technical outreach specialist for the Community Energy Association, told the crowd that there is great potential for local managing of high-risk wildfire areas in northern B.C. communities while simultaneously harvesting biomass in a sustainable manner for use in residential heating.“There’s a real opportunity and need to increase the amount of work being done,” he said.Dubois offered a few examples of successful projects already completed in the region, including Telkwa’s biomass district heating system, which is fuelled by wood chips and materials from their own wildfire mitigation management system.Telkwa is a small village with a population of about 1,350 people located just southeast of Smithers, B.C., about 350 kilometres northwest of Prince George.From a life cycle cost point of view, biomass is competitive with many of the other energy options in communities with little or nor access to natural gas pipelines. One major benefit for adopting a local biomass system for residential heating is that the jobs generated for installing and maintaining these types of systems, and harvesting the biomass, would mean a large portion of the money spent on fuelling residents’ home heating needs would stay in the local economy.“I think biomass can be a real benefit to rural and remote communities,” he said.Another example of a town that could benefit from this type of system is Sicamous, B.C., which has a high risk of wildfire.DuBois said that after the initial thinning for wildfire prevention is performed, the Sicamous area could manage the regrowth of those areas through harvesting for residential heating. He said that area has anywhere from 26,000 to 32,000 tons of biomass available form managing regrowth that could be used as base case for fuel for a district energy system to supply 80 to 90 per cent of the total heat load with other fuels used for meeting peak heat demand. He added that putting these types of systems in place in remote communities aren’t without their challenges.“The biggest challenge for small communities is capacity,” he told the crowd, adding that sorting out ownership of fibre is another issue that needs to be addressed for these types of systems to be successful.More coverage of the 2016 International Bioenergy Conference and Exhibition:Prince George expands DES Bioenergy, an industry in transitionIBCE 2016 comes to Prince GeorgeBioenergy sector's opportunities and challengesA global overview of the wood pellet market
June 17, 2016 – A new study shows that the black spruce currently growing in the boreal forests of Eastern Canada can thrive in the warmer climates in the region as a result of climate change.
Canadian Forest Industries offers a look at the latest forwarders for the Canadian market.
June 15, 2016 - Caterpillar Forest Products has introduced the new Cat HFW232 and Prentice SH-58 bunching saw. The new bunching saw, first unveiled at the East Coast Sawmill and Logging Equipment Exposition, also known as the Richmond Expo, will provide customers with greater value in terms of performance, reliability and durability, and serviceability.
June 27, 2016 – The Town of Botwood has been struggling since AbitibiBowater closed a nearby pulp and paper mill in 2009. Now a verbal deal with unnamed investors could bring a new sawmill and biofuel plant to the Newfoundland town.
June 23, 2016 – Caddo River Forest Products will spend up to $50 million to refurbish a defunct lumber mill in Arkansas.
June 21, 2016 - Duz Cho Forest Products has celebrated the official grand opening of its new cant mill.
June 21, 2016 - When it comes to saw filing, definitive rules are hard to come by. What works for one saw filer might be a disaster for another. If you have two mills from the same company manufacturing the same products with similar equipment, the natural assumption from mill managers and purchasing agents is that standardization should be possible and profitable – and sometimes it is. But more often than not, the success of the first mill can be difficult to duplicate in another.The problem with attempting uniformity between sawmills is that every combination of machinery, employees, wood diet and environmental conditions produces a different animal. The same can be said for saw filers. How a person sees light and shadow, how tall they are, their physical strength, their experience, and even how they hold their hammer, will all affect how that person works a saw and what the end result will be. Sure, there are basic standards within the trade that you can reasonably expect to be consistent – tire-lines will be more or less where you expect them to be; saws will be as level as possible and tension will be the correct amount to run properly for the application. But here’s the rub, it’s how the combination comes together that is more important than what each individual component looks like, and that is controlled by the experience and preferences of the filer.For example, a question that gets asked often is, “Why do they all have their own saws? Aren’t they doing them all the same? Shouldn’t they be able to have ‘common’ saws?” The simple answer is, “No, not usually.” Whenever circumstances force filers to work each other’s saws the result is seldom ideal. Cracks appear in saws that have never cracked and benchmen are heard grumbling about how their saws have been changed by the other benchman. Theoretically, they haven’t been changed at all since they all have the same target, but in reality, small changes in a balanced pattern can have large consequences.One of the variants is in how a filer gauges tension. In a bandsaw for instance, the two most popular methods are “light gap” and “black to the gauge.” In the first, the saw gauge is ground so that when held to the saw, a thin sliver of light shows from edge to edge and the filer uses that gap to tell if the tension is uniform and that the amount is appropriate. A small amount of pressure is then applied to the gauge and if all is well then everything would go black. Most benchmen use this method but it is subjective to the way a benchman holds his gauge, the pressure that is applied, etc. The filer gets used to seeing what he expects to see in a properly benched saw. Someone else may view the same saw differently.Other filers prefer to use a tension gauge that is ground to the curvature of the desired tension. When the saw has been levelled, the filer looks for no light between the tires when the gauge is held against the saw. The disadvantage to this method is bumps and tension problems can masquerade as “perfect” if a benchman isn’t very careful with what they’re doing. The black-out method is more often used by very experienced filers. Again, the angle of the gauge, the pressure applied, all change the sight picture for different filers. Is there a right way and a wrong way? To a certain extent, yes - you can’t just do whatever you like and expect a positive result - but a filer that is confident in his chosen method will produce a better product every time.When it comes to levelling, I myself prefer to use levelling rolls whenever practical. I believe that it does less damage to the saws, produces less filer-created bumps and is faster. My colleague, who is an excellent benchman, prefers the hammer. He isn’t wrong and neither am I, both methods work and the saws look a little different afterwards but everything runs and it runs properly. Metcalf vs diamond dresser, this brand of saw vs that, a V-gauge vs an RPM gauge, the list goes on and on…The bottom line is that there is no bottom line. A saw has been done properly when a filer has put all of his/her knowledge and skill into the task and the saw subsequently performs properly for the full length of its run. Almost every filer will produce a different looking saw from one done by an equally skilled co-worker but they will usually run uniformly. That’s the beauty of saw filing. Trevor Shpeley is the head filer for Tolko’s Kelowna division and is currently the financial secretary for the BC Saw Filers Association.
June 17, 2016 - To learn more about the latest research projects underway to improve filing rooms, Canadian Forest Industries spoke with Bruce Lehmann, associate research leader for the machine and saw performance group at FPInnovations about what the future may have in store for saw filers across Canada.
June 16, 2016 - Vallée introduced the 4DA20D XRT & 4DA25D XRT OTR Tire Lift Trucks, the latest additions to its Compact Series.
June 15, 2016 - More than 80 people, including 55 mill managers from across Western Canada and the U.S. came out to the OptiSaw West mill optimization and automation forum to hear from speakers about ways to enhance their sawmill operations. The conference centre at the Sheraton Vancouver Airport Hotel in Richmond, B.C. was packed with a who’s who of mill managers that listened intensely to the speakers as they discussed different ways to optimize sawmill operations including data-driven sawmilling; the radio frequency continuous re-drying process; continuous dry kiln technology; the latest in vision scanning; maximizing sawmill investment ROI; utilizing planer grading optimization to enhance branding; and optimizing log scaling operations through the use of scanners. The show floor was filled with questions for FPInnovations researcher Peter Dyson and Springer Microtec’s chief technology officer Norvin Laudon as they discussed the use of log scanners to measure logs for payment in North America. Their presentation focused on the first log scanner in North America to be certified by Measurement Canada for trade, the Microtec Logeye, which was recently installed at Interfor’s Acorn sawmill in Delta, B.C. The presentation offered a look at the pilot project’s installation, certification process, and cost benefits of scanner scaling. Before implementing the scanning technology, the mill needed to manually scale 100 per cent of its logs off site at a dry land sort facility. Now, manual scaling has been reduced to approximately 2.5 per cent and has created significant cost savings for the mill. Canadian Forest Industries had the opportunity to see the scanning process firsthand during a tour of Interfor’s Acorn mill this week and there will be a full-length feature discussing the technology and its benefits in the July/August issue, which will also feature the official DEMO International 2016 Show Guide. The automation and optimization forum also offered mill managers a sneak peek at the results from Canadian Forest Industries’ national logging contractor survey – the first to be performed in 15 years! The full results of the survey will be available in the September/October issue of Canadian Forest Industries. The optimization and automation forum also featured exhibitor booths from sponsors USNR, The BID Group of Companies, Lucidyne, Raptor Integration, Wolftek, VAB Solutions, HewSaw, Autolog, Valutec, JoeScan, FinScan, Springer Microtec and several networking sessions.
June 10, 2016 – Beka-Lube Products Inc., the authorized sales and service provider for BEKA-branded central lubrication systems, has announced the sale of the company to Baier + Köppel GmbH + Co. KG of Bavaria, Germany.The former managing director of Beka-Lube Products Inc., Jacquie McDougall, will become chief operating officer of the new organization – effective immediately. Sven Pitman is appointed president supervised by the new board. Bernhard Köppel, holder of the BEKA Group explains, “Jacquie McDougall has done an outstanding job building the industry’s best automated lubrication sales, service and support network in the United States and Canada.” Sven Pitman and Jacquie McDougall are looking forward to expanding on the success achieved by Beka-Lube Products Inc. The assembly and distribution centres located in Mississauga, Ont., Buffalo, N.Y., and Atlanta, Ga. will be expanded to support sales and marketing throughout Canada and the United States. Creating independent value for North America is planned as well. Founded in 1927, BEKA prides itself as the leading supplier of high precision central lubrication systems for industrial plants and on & off-road machines – from compact earth moving machines to large scale fully-automated production lines. In the United States, BEKA operates as BekaWorld LP.
June 9, 2016 - The Jordan Forest Products operation at Barnesville, Ga. is investing in a BioVision green mill grading system for its transverse Edger line. The new grading system will employ Sawmill Suite Optimization together with advanced BioLuma 2900LVG sensors, integrating GrainMap (grain angle measurement), HD color vision and HD laser profiles at speeds of 2500 Hz. BioLuma 2900LVG is the most advanced transverse sawmill sensor for edger and trimmer grade optimization.USNR has installed nearly 100 BioLuma scanning systems worldwide.
June 9, 2016 - ISIS Wood Product Solutions, Inc., because of world events out of its control, has officially changed its name to MillTech Inventory Management Solutions, Inc. MillTech - a leading supplier of wood products inventory software – changed its name from ISIS Wood Product Solutions to distance itself from any connotations associated with the Islamic State of Iraq, also widely known as ISIS. The name MillTech itself was chosen to brand and better align the company's name with MillTech's focus on and success in supplying industry specific inventory software to the manufacturing or mill segment of the forest industry, including sawmills and secondary wood manufacturers. About MillTech Inventory Management Solutions, Inc. MillTech is a Vancouver-based software company that for the past 12 years was known as ISISWood Product Solutions. During that time MillTech developed and implemented inventory management systems at wood product companies throughout North America and New Zealand. These companies include sawmills, remanufacturers, engineered wood companies, flooring manufacturers and moulding and millwork companies, both hardwood and softwood. MillTech's inventory software simplifies even the most complex wood product inventory and production problems and processes. Like telling lumber mills what wood to profitably cut, purchase, inventory and sell and when. MillTech is best known as the wood products ERP inventory system that has the flexibility and functionality out of the box meets the very unique needs of lumber producing companies. Forward thinking flexibility built into the MillTech programs, plus current Microsoft technology allows MillTech to make programming changes in hours. Most changes to the MillTech system are accomplished without program modification through configuration, typically done by the end user.
June 7, 2016 - Maximizing technology ROI is a vital aspect of running any successful mill operation. As an innovative but cash-efficient independent sawmiller running mills in both the U.S. and Canada, Vaagen Bros. Lumber strives to extract the most from every investment dollar they spend.At OptiSaw West, Russ Vaagen, vice-president of Vaagen Brothers Lumber, will discuss the steps they take to maximize the ROI from both existing technology and new investments, and as always is open to discussing all things sawmilling.For more information on the OptiSaw West agenda, click here. OptiSaw West takes place on Tuesday, June 14 at the Sheraton Vancouver Airport Hotel in Richmond, B.C.Register now!
June 6, 2016 – The Council of Forest Industries (COFI) today announced the winners of the 48th BC Lumber Grading Championship held in Kelowna on May 28, 2016 where top lumber graders from around the province gathered to demonstrate their skills. This year’s winners include: • Brian Marsh of Comact, Prince George (PG), scored the highest practical mark in the entire event and won the Champion of Champions Division, the toughest competition which is open only to past winners. • The First Year Division, lumber graders attending the competition for their first time, was won by Lily Zhou of West Fraser – Quesnel Division, with Raymond Wium of Canfor – PG Sawmill in second place. • BC’s Top Lumber Grader for 2016 was awarded to Jagdev Dhaliwal of Tolko Industries – Lakeview Div. Williams Lake. Kamaldip Sandhu of Tolko – Soda Cr. Div, Williams Lake, was a close second and Naresh Parmar of Canfor – PG Sawmill was third. Julia Scott of Lakeland Mills, Prince George, was fourth – moving up six spots from last year where she was 10th. • The 2016 Corporate Team Winners were the Canfor – Forty Niners from PG Sawmill Division – Prince George, with Surjit Parmar, Naresh Parmar and Raymond Wium winning with the top combined score. “This annual lumber grading competition is an opportunity for lumber graders to showcase their skills and the quality of their work,” said Gary Desrosier, quality control manager for the Council of Forest Industries. Pacific Lumber Inspection Bureau will host next year’s event in Kamloops. COFI is accredited by the Canadian Lumber Standards Accreditation Board (CLSAB) and the American Lumber Standards Committee (ALSC) among other organizations, to provide lumber inspection, certification and grade marking. The Council of Forest Industries (COFI) is the voice of the BC interior forest industry. COFI members vary in size and produce lumber, pulp and paper, panels and engineered wood products at more than 60 facilities across the interior. All share a commitment to a future based on employee safety, sustainable forestry and manufacturing practices, and innovative product development.
June 28, 2016 – The U.S. Court of International Trade released its public decision upholding the International Trade Commission’s (ITC) core findings that Chinese and domestic plywood differ so significantly the ITC was correct to conclude imports from China had no impact on the domestic industry’s competitive and financial position.
June 23, 2016 – Weyerhaeuser plans to close its lumber and plywood mill in Columbia Falls, Montana, this summer due to a “chronic” log shortage.
June 22, 2016 – Demand for cost-effective and environmentally friendly wood products is expected to drive the global engineered wood products market through 2020, according to a new forecast from Technavio.
June 6, 2016 - Back in the fall, Columbia Forest Products mills in the U.S. were producing such a high-quality veneer that the company was having to ship it north to its mill in Hearst, Ont. to keep up with Canadian demand. The demand was so great, that Columbia ended up investing $15 million into its production facility in Hearst to upgrade the plant’s core-peeling capabilities with the same Meinan state-of-the-art peeling technology used in its U.S. mill operations.
May 24, 2016 - Norbord Inc. announced that its OSB mill in High Level, Alta. resumed production over the weekend following a fire that occurred on May 4. As previously reported, in the afternoon of May 4, a fire broke out in the mill yard which, as a result of the hot, dry, windy weather conditions in northern Alberta, quickly spread to the log storage area outside the plant. As a precaution, Norbord immediately suspended production at the mill. Shipping from finished goods inventory resumed the weekend of May 6. The High Level mill has a stated annual production capacity of 860 million square feet (3/8-inch basis) and has been ramping up towards full production since resuming operations in late 2013. High Level is located approximately 720 kilometres northwest of Edmonton and 400 kilometres west of Fort McMurray. Norbord Profile Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.7 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol "OSB". This news release contains forward-looking statements, as defined by applicable securities legislation, including statements related to our strategy, projects, plans, future financial or operating performance and other statements that express management's expectations or estimates of future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "expect," "believe," "forecast," "likely," "support," "target," "consider," "continue," "suggest," "intend," "should," "appear," "would," "will," "will not," "plan," "can," "may," and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Norbord to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Although Norbord believes it has a reasonable basis for making these forward-looking statements, readers are cautioned not to place undue reliance on such forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predictions, forecasts and other forward-looking statements will not occur. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: assumptions in connection with the economic and financial conditions in the US, Europe, Canada and globally; risks inherent to product concentration and cyclicality; effects of competition and product pricing pressures; risks inherent to customer dependence; effects of variations in the price and availability of manufacturing inputs; risks inherent to a capital intensive industry; ability to realize synergies; and other risks and factors described from time to time in filings with Canadian securities regulatory authorities. Except as required by applicable law, Norbord does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by, or on behalf of, the Company, whether as a result of new information, future events or otherwise, or to publicly update or revise the above list of factors affecting this information. See the "Caution Regarding Forward-Looking Information" statement in the January 27, 2016 Annual Information Form and the cautionary statement contained in the "Forward-Looking Statements" section of the 2015 Management's Discussion and Analysis dated January 27, 2016 and Q1 2016 Management's Discussion and Analysis dated April 28, 2016. Source:Norbord Inc.
May 13, 2016 – Columbia Forest Products’ recently continued its expansion efforts across Ontario with the purchase of Kitchener, Ont.- based Nova Wood Lamination. The company purchased the shares of Nova Wood Lamination from its founding owners, Frank and Donna Decicco. "Frank, Donna and the rest of the Nova Wood Lamination team have built an outstanding reputation for delivering a diverse mix of high quality products and services to the decorative hardwood panel industry," said Columbia's executive vice-president of Canadian plywood and decorative veneer operations, Gary Gillespie. "We are extremely happy to bring the Nova lamination facility into the Columbia Forest Products family.” "The Nova Wood plant’s flexible, quality-based production line and its proximity to attractive Canadian and U.S. markets will give many Columbia customers a new competitive edge,” added Gilles Levesque, Columbia's general manager of Canadian plywood operations. Columbia's purchase of Nova Wood Lamination is the third major investment made by the company in the province over the past 12 months. The company also commissioned a new Meinan core peeling lathe at its Hearst, Ont. plywood plant this past fall and re-started hardwood veneer peeling operations in Rutherglen, Ont. earlier this month. "We are high on Ontario: its resources, suppliers, the close working relationships we enjoy with the government agencies, and especially, the dedicated workforce we employ across the province,” said Gillespie. About Columbia Forest Products Established in 1957, Columbia Forest Products has provided fine decorative hardwood plywood panels to the woodworking industry for nearly 60 years. Columbia’s decorative veneers and panels are used in high-quality cabinetry, fine furniture, architectural millwork and commercial fixtures. An employee stock owned firm (ESOP), Columbia is committed to offering products with integrity, originating from responsibly-managed forestlands and assembled with EPA award-winning PureBond® formaldehyde-free technology. All Columbia products are backed by exceptional customer service and technical support. Website address: www.cfpwood.com.
May 9, 2016 - Norbord Inc. today provided an update on the fire at its OSB mill in High Level, Alberta. As previously reported, in the afternoon of May 4, a fire broke out in the mill yard which, as a result of the hot, dry, windy weather conditions in northern Alberta, quickly spread to the log storage area outside the plant. As a precaution, Norbord immediately suspended production at the mill. Fire crews have contained the fire to one end of the log storage area outside the mill. Norbord continues to assess the damage and currently estimates that the mill should be able to resume production in two weeks. Shipping from finished goods inventory resumed over the weekend. The High Level, Alberta mill has a stated annual production capacity of 860 million square feet (3/8-inch basis) and has been ramping up towards full production since resuming operations in late 2013. High Level is located approximately 720 kilometres northwest of Edmonton and 400 kilometres west of Fort McMurray. Norbord Profile Norbord Inc. is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of approximately $1.7 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe. Norbord is a publicly traded company listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol "OSB".
May 6, 2016 - A fire that broke out at Norbord's Oriented Stranded Board mill yard in High Level, Alta. on May 4 has now been contained, according to recent news reports. The fire started as a result of the hot, dry, windy weather conditions in northern Alberta, and spread to the log storage area outside the plant, the company stated. As a precaution, Norbord immediately suspended production at the mill. The company is in the process of assessing damage to the mill and the impact to its production schedule. All non-essential mill employees were safely evacuated and no injuries have been reported. The High Level, Alberta mill has a stated annual production capacity of 860 million square feet (3/8-inch basis) and has been ramping up towards full production since resuming operations in late 2013. High Level is located approximately 720 kilometres northwest of Edmonton and 400 kilometres west of Fort McMurray. In a press release, Norbord stated that the fire is not believed to be related to any forest fires in the surrounding area.
April 29, 2016 - Norbord Inc. reported Adjusted EBITDA of $61 million for the first quarter of 2016 versus $16 million in the first quarter of 2015 and $57 million in the fourth quarter of 2015. The year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes as well as lower resin prices and the weaker Canadian dollar.
April 15, 2016 – Salmon Arm councilors have backed a recommendation to provide some tax support for Canoe Forest Products.
April 1, 2016 - Boise Cascade Company recently announced that it has completed the acquisition of Georgia-Pacific LLC's engineered lumber production facilities located at Thorsby, Ala. and Roxboro, N.C. for $215 million including closing date estimated working capital of $25 million which is subject to final adjustment. The company used $90 million of its cash and $130 million in new borrowing to pay for the transaction and closing-related expenses. "We are pleased to welcome the 270 employees at Thorsby and Roxboro, along with the commercial sales team supporting those facilities, to the Boise Cascade family," said Tom Corrick, CEO of Boise Cascade. "The acquired engineered lumber capacity fits well into our current production facilities and will help us optimize production across our entire system and expedite delivery to our customers across the southeastern United States. With this acquisition, we will have engineered lumber facilities strategically placed throughout our North American markets and be able to provide product to our customers as the housing market continues to recover." Boise Cascade currently has engineered lumber (also called engineered wood products) facilities in St. Jacques, N.B., White City, Ore. and Alexandria, La. The Thorsby facility produces laminated veneer lumber (LVL) while the Roxboro facility currently produces I-joists. Roxboro's LVL production assets are currently idled. Boise Cascade expects to invest capital and hire additional employees to increase production at these mills in 2016 and beyond to obtain significant logistics benefits as well as to meet expected growth in new residential construction. The company believes the addition of Thorsby and Roxboro will increase LVL billet capacity by 9 million cubic feet and I-joist capacity by 80 million lineal feet and expects the acquisition to add approximately $40 million to the company's mid-cycle EBITDA. About Boise Cascade Boise Cascade is one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products. For more information, please visit our website at www.bc.com. Forward-looking statements This news release contains statements that are "forward looking" within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual results to differ from the expectations expressed in this release.
March 17, 2016 — Canoe Forest Products can confirm a discharge of potentially contaminated water has occurred at the company’s plywood plant in Canoe, B.C. “We have established the origin of the water leak that led to this discharge, and repaired the leak,” said Marcello Angelozzi, Canoe FP’s operations manager. “There is no longer any water being discharged from the plant. We are now working with provincial and federal agencies to determine what, if any, impacts there are as a result of this incident.” On March 7, there was evidence of a water leak with accumulations of water in the glue room pit (where the glue used in making plywood sheets is collected). While the leak was being investigated, the increased volume of water was pumped out of the glue pit to collection vats outside. It appears some of the water may have escaped and possibly entered the Shuswap Lake shoreline. Reports, however, that “thousands of litres” reached the lake are inaccurate. “We take responsibility for this accident, and we will work with the proper agencies to ensure impacts are minimized,” said Angelozzi. The initial problem was traced back to a plumbing leak in the mill. It has since been repaired. The area of discharge has been contained, and will be remediated as necessary. Officers from Fisheries and Oceans Canada and the Conservation Officer Service were on site yesterday. Canoe Forest Products is working with them and Interior Health to assess the risk and determine next steps. At no time was there any risk to employee safety. Canoe Forest Products regrets any impacts, however temporary, on the people of Salmon Arm, and applauds Interior Health and the City of Salmon Arm in taking the extraordinary precautions they did to ensure any possible public health impacts were minimized. The situation is being closely monitored and updates will be made available to the media on a regular basis and posted at www.canoefp.com.
June 9, 2016 – Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has completed the acquisition of the equity interests of 440 Investments, LLC, the parent company of Kisatchie Treating, LLC, Kisatchie Pole & Piling, LLC, Kisatchie Trucking, LLC and Kisatchie Midnight Express, LLC (collectively, “Kisatchie”). Kisatchie produces treated poles, pilings and timbers, with two wood treating facilities in Noble and Pineville, La. Kisatchie’s consolidated sales for the year ended December 31, 2015 reached approximately US$51.8 million. The purchase price was US$42.5 million, including US$10.0 million of working capital, and is subject to post-closing adjustments. Stella-Jones has financed the transaction through a combination of debt financing and a vendor note. “The acquisition of Kisatchie allows Stella-Jones to further enhance its offerings in the North American wood treating industry. It is also consistent with our objective of steadily increasing shareholder value through selective acquisitions. We expect this transaction to yield synergies and to be immediately accretive to earnings, as we continue to optimize the overall efficiency of our continental network,” said Brian McManus, president and CEO of StellaJones. About Stella-Jones Stella-Jones Inc. (TSX: SJ) is a leading producer and marketer of pressure treated wood products. The company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. The company’s common shares are listed on the Toronto Stock Exchange. Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the company. These statements are based on suppositions and uncertainties as well as on management’s best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the company’s products and services, the impact of price pressures exerted by competitors, the ability of the Company to raise the capital required for acquisitions, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
May 13, 2016 - Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has signed a definitive agreement to purchase the shares of Lufkin Creosoting Co., Inc. The signature of a non-binding letter of intent in respect of the proposed acquisition was announced by Stella-Jones on Feb. 3, 2016. Lufkin Creosoting produces treated poles and timbers at its wood treating facility in Lufkin, Texas. Its consolidated sales for the year ended December 31, 2015 reached approximately US$34.2 million. The definitive share purchase agreement provides for a purchase price of US$37.5 million which includes US$5.0 million of working capital and is subject to adjustments. The transaction is expected to close during the second quarter of 2016 and is subject to customary closing conditions. Stella-Jones plans to finance the transaction through a combination of debt financing and a vendor note. About Stella-Jones Stella-Jones Inc. is a leading producer and marketer of pressure treated wood products. The Company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunication companies with utility poles. Stella-Jones also manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products for construction and marine applications. The Company's common shares are listed on the Toronto Stock Exchange. Except for historical information provided herein, this press release contains information and statements of a forward-looking nature concerning the proposed acquisition described herein. These statements are based on suppositions, risks and uncertainties as well as on management's best possible evaluation of future events. Such risks and uncertainties include, without excluding other considerations, the failure to satisfy closing conditions and the failure to complete or delay in completing th e proposed acquisition for any other reason. As a result, readers are advised that actual results may differ from expected results and should not place undue reliance on forward-looking information.
May 9, 2016 - Monterra Lumber Mills Ltd., a remanufacturer of softwood lumber, pleaded guilty and has been fined $80,000 in the death of a delivery driver who was killed while lumber was being unloaded from the truck he had been driving. On November 12, 2013, a driver working for a shipping company was delivering a tractor trailer of bundles of lumber to Monterra's facility at 12833 Highway 50 South in Bolton. Upon arrival the driver was instructed to drive to the back of the yard; a lumber company worker would then unload the lumber. The driver drove to the back of the yard, then stood on the passenger side of the trailer, rolling up the straps that were securing the bundles of lumber. Each bundle consisted of 189 pieces of board measuring 16 feet long and weighing about 6,000 pounds. The lumber company worker drove a forklift to the tractor trailer and started to unload the bundles from the driver's side of the trailer. While removing the first bundle, an adjacent bundle on the passenger's side fell off the trailer and landed on the driver, causing fatal injuries. The driver was pronounced dead at the scene by emergency workers called to the scene. At the time of the incident, there were no measures in place such as barriers, warning signs or other safeguards for the protection of all workers in the yard where vehicle or pedestrian traffic may endanger the safety of any worker. The lumber company failed as an employer to ensure compliance with Section 20 of Ontario's Industrial Establishments Regulation, which states that "barrier, warning signs or other safeguard for the protection of all workers in an area shall be used where vehicle or pedestrian traffic may endanger the safety of any worker." Monterra Lumber Mills was fined $80,000 for the death by Justice of the Peace Samantha Burton in Caledon court on May 9, 2016. In addition to the fine, the court imposed a 25-per-cent victim fine surcharge as required by the Provincial Offences Act. The surcharge is credited to a special provincial government fund to assist victims of crime.
April 29, 2016 - Stella-Jones Inc. has announced its director election results following its annual meeting of shareholders
April 28, 2016 - Stella-Jones Inc. announced strong financial results for the first quarter ended March 31, 2016 thanks to solid growth in sales in the railway tie market.
March 16, 2016 – For the fifteenth year in a row, Stella-Jones Inc. has grown its net income. That announcement came as part of the company’s release of its financial results for the fourth quarter and fiscal year ended December 31, 2015.
February 16, 2016 - Luxor Industrial Corporation recently announced the closing of two definitive agreements providing for Luxor’s acquisition of two wood framing businesses in Canada and the U.S. In the United States, Luxor has purchased all of the equity interest of Mill Frame LLC, a Washington State limited liability company. Luxor is required to issue five million common shares of Luxor upon Mill Frame LLC generating $10 million in net sales and a further five million common shares of Luxor upon Mill Frame LLC generating an additional $10 million in net sales ($20 million in the aggregate). In the past 45 days, Luxor has announced three contracts secured by Mill Frame LLC that have a total value in excess of US $ 5,000,000 or CDN $ 7,000,000. “In the summer of 2015, I approached Luxor as a supplier of pre-fab walls; 10 years ago when the exchange rate was similar we had done some great wood business together in the U.S.,” stated Steve Conboy, president of Mill Frame. “This time I saw an opportunity to sell turnkey framing to U.S. builders and took a longer term view to partner up with Luxor. I am proud to join Luxor and its group of seasoned veterans.” In Canada, Luxor has purchased the book business and certain assets of Colt Builders Inc. of Alberta through Luxor’s subsidiary Mill Frame Inc. (Newco) which has acquired such assets for 40 per cent of the shares of Newco. Colt has agreed that it will exchange 20 per cent of its Newco shares in consideration for the issuance of 5 million common shares of Luxor upon Newco generating $10 million in net sales and will exchange the remaining 20 per cent of its Newco shares to Luxor in consideration for the issuance of an additional 5 million common shares of Luxor upon Newco generating an additional $10 million in net sales ($20 million in the aggregate). Upon achieving the milestones, Luxor will have the right to 100 per cent ownership of Newco shares. Closing of the acquisitions was not conditional upon financing, however, Luxor will be required to provide additional funds in order to execute on its business plan and grow the respective businesses. All of the vendors are arm’s length parties to Luxor. “Our team in Alberta is pleased to join Luxor,” said John Hunter, president of Colt. “We look forward to providing our many years of experience in turnkey framing to support Luxor’s expansion into the United States.” Prior to the above two acquisitions, Luxor has and continues to be involved in the development, engineering, manufacturing and marketing of engineered wood products and operates in the industrial, residential and commercial sectors. This news release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Luxor. There are numerous risks and uncertainties that could cause actual results and Luxor’s plans and objectives to differ materially from those expressed in the forward-looking information, including: adverse market conditions or the inability of Luxor to raise funds to execute on its business plan with respect to the recently acquired wood framing businesses. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Luxor does not intend to update these forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
February 3, 2016 - Stella-Jones Inc. announced that its wholly-owned subsidiary, McFarland Cascade Holdings, Inc., has signed a non-binding letter of intent to purchase the shares of Lufkin Creosoting Co., Inc. (Lufkin Creosoting). Lufkin Creosoting produces treated poles and timbers at its wood treating facility in Lufkin, Texas. Its consolidated sales for the year ended December 31, 2015 reached approximately US$34.2 million. The transaction, if finalized, is expected to close in April 2016 and is subject to customary conditions, including satisfactory due diligence and signature of a definitive share purchase agreement. Stella-Jones plans to finance the transaction through a combination of debt financing and a vendor note and may consider proceeding with an equity offering depending on market conditions. About Stella-Jones Stella-Jones Inc. (TSX:SJ) is a leading producer and marketer of pressure treated wood products. The company supplies North America's railroad operators with railway ties and timbers, and the continent's electrical utilities and telecommunication companies with utility poles. Stella-Jones also provides residential lumber to retailers and wholesalers for outdoor applications, as well as industrial products for construction and marine applications. The company's common shares are listed on the Toronto Stock Exchange. Except for historical information provided herein, this press release contains information and statements of a forward-looking nature concerning the proposed acquisition described herein. These statements are based on suppositions, risks and uncertainties as well as on management's best possible evaluation of future events. Such risks and uncertainties include, without excluding other considerations, the failure to satisfy closing conditions and the failure to complete or delay in completing the proposed acquisition for any other reason. As a result, readers are advised that actual results may differ from expected results and should not place undue reliance on forward-looking information.
January 26, 2016 - Luxor Industrial Corporation, a leading manufacturer and distributor of engineered commercial and residential wood building products, announced that it has partnered with Millennium Fire LLC to use its Millennium Advanced Framing Lumber technology (MAFL16) to protect wood. Luxor will initially apply this coating on its architectural wood products. Millennium Fire’s core product, which is MAFL16 has five key ingredients, one of which is a technology developed by No Burn Inc. that defends against fire. Additional key ingredients create a protective coating that defends against, mould, ultraviolet and moisture, which among other things protect the lumber during construction exposure. This MAFL16 coating will allow Luxor’s architectural products to meet the California Wildland, Urban Interface Codes. These new fire codes have been adopted in eight western U.S. states as a result of massive wildfires. Luxor will also market its architectural products in regions where fire codes have not been introduced so the national specifying community can select this advance lumber protection on their exterior wood details. The current exchange rate and Luxor’s factory proximity to the U.S. border provides an additional advantage in manufacturing these products for export. “No Burn is by far the best technically in the fire coating industry and Millennium is now their only OEM in North America,” said Steve Conboy, president and CEO of Millennium Fire LLC. “Luxor’s management team has experience with coating lumber and recognizes the value in coated wood to protect against things like fire and mould.” “We're pretty excited about the synergies that are occurring between No Burn Inc., Millennium Fire and Luxor, particularly with regards to Steve Conboy's value-added plan and program,” added Bill Kish, president and CEO for No Burn Inc. “We believe these treated products are going to be accepted and viewed as the new gold standard." For more information on Millennium Fire LLC, visit www.MFiress.com. Forward-looking statements This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
January 25, 2016 - North America structural panel production and apparent consumption fell 4.9 per cent and 4.5 per cent in the fourth quarter versus the third quarter of 2015, respectively, according to APA-The Engineered Wood Association. Compared to the fourth quarter of 2014, structural panel production was up 1.0 per cent , while apparent consumption rose 1.6 per cent. For the year 2015 in total, structural panel production increased 1.2 per cent and apparent consumption rose 2.9 per cent. North American OSB production fell 4.8 per cent in the fourth quarter of 2015 from the third quarter, but was up 3.0 per cent from the fourth quarter of 2014. For the year, production totalled 20.357 billion square feet, up 2.4 per cent from 2014. In the fourth quarter, U.S. production fell 6.4 per cent while Canadian production dropped 1.6 per cent. U.S. production totalled 13.283 billion square feet for the year 2015, up 2.1 per cent from 2014. Canadian production in 2015 was 7.074 billion square feet, up 2.9 per cent from 2014.
January 18, 2016 - Luxor Industrial Corporation announced that on Jan. 13, 2016 it entered into two definitive agreements to acquire turn-key wood framing businesses in Canada and the United States. In Canada, Luxor has entered into an Asset Purchase Agreement to buy the book business and certain assets of Colt Builders Inc. of Alberta (Colt). Upon the closing of the agreement, Luxor’s subsidiary Mill Frame Inc. (Newco) is to acquire such assets in consideration for 40 per cent of the shares of Newco. Colt has agreed that it will exchange 20 per cent of the Newco shares to Luxor in consideration for the issuance of 5 million shares of Luxor upon Newco generating $10 million in net sales and will exchange the remaining 20 per cent of the Newco shares to Luxor in consideration for the issuance of an additional 5 million shares of Luxor, upon Newco generating an additional $10 million in net sales ($20 million in the aggregate). Upon achievement of the milestones, Luxor will hold 100 per cent of the Newco shares. In the United States, Luxor has entered into Membership Interest Purchase Agreement to buy all of the equity interest of Mill Frame LLC, a Washington State limited liability company (Mill Frame) from the vendor thereof. Luxor is to acquire such interest in consideration for the issuance of 5 million shares of Luxor upon Mill Frame generating $10 million in net sales and the issuance of an additional 5 million shares of Luxor upon Mill Frame generating an additional $10 million in net sales ($20 million in the aggregate). Closing of the respective agreements will be conditional upon fulfillment of standard closing conditions, including receipt of approval from the TSX Venture Exchange (the “Exchange”). Although closing of the agreements is not conditional upon consummation of a specific financing, Luxor will be required to raise additional funds in the market in order to execute on its business plan and grow the respective businesses. Luxor intends to raise such funds through an equity financing on terms to be determined. Both Colt and Mill Frame are arm’s length parties to Luxor. As disclosed in its prior news release dated Nov. 5, 2015, management believes the consummation of the transactions will not constitute a Reverse Take-Over of Luxor or create a Control Person for the purposes of Exchange policies. John Hunter, president of Colt, has over 30 years of experience in this sector and comments, “Our team in Alberta is pleased to sign the agreement with Luxor. We look forward to providing our many years of experience in turnkey framing to support Luxor’s expansion into the United States.” Steve Conboy, president of Mill Frame, who has over 35 years of experience in the housing construction business states, “In the summer of 2015, I approached Luxor as a supplier of pre-fab walls; ten years ago when the exchange rate was similar we had done some great wood business together in the U.S. This time I saw an opportunity to sell turnkey framing to US builders and took a longer term view to partner up with Luxor. I am proud at the prospect to join Luxor and its group of seasoned veterans.” This news release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Luxor, such as statements that the company may close the definitive agreements as contemplated and that the company may raise funds in an equity financing to fund the development of the acquired businesses. There are numerous risks and uncertainties that could cause actual results and Luxor’s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) the inability of Luxor to raise funds to execute on its business plan with respect to the recently acquired wood framing businesses; (iii) the Exchange not approving the transactions; or (iv) the inability to close the transactions for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Luxor does not intend to update these forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
December 31, 2015 - Luxor Industrial Corporation recently announced that its subsidiary, USA Mill Frame LLC, has signed the company's first U.S.-based contract with Venture General Contracting LLC. The contract, which is valued at approximately $1.8 million and will commence in February 2016 with an expected completion date of April 2016, will use Luxor's Canadian pre-fabricated walls, pre-packaged engineered floor systems and window and door frames to outfit a large Venture multi-family project located in Seattle, Wash. "Our primary focus in 2016 is expanding market share in the U.S., establishing micro distribution centres to service regional growth and win contracts to drive revenues,” said Terry Lashman, CEO of Luxor Industrial Corp. “I’m also extremely pleased with the progress we've made building out our management team and the direction of the company moving forward." About Luxor Industrial Corporation Adding to Luxor's products and commercial sales, the company now distributes fire protected exterior architectural details, pre-fabricated wall panels and a complete line of multi-family engineered lumber that includes products like I-joist, LVL, glulam beams. For more information, visit http://www.millframe.com/#!products/sqp1c. Luxor is involved in the development, engineering, manufacturing and marketing of engineered wood products. Luxor has vertically integrated through the pending acquisitions of turnkey framing companies in Canada and the United States. In the industrial sector, it manufacturers wood mat products. In the residential sector it manufactures its patented IBS 2000 engineered floor bridging, architectural wood products, and FastFrame™ wall components. For further information contact visit Luxor's website at www.luxorcorp.com. This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com.
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