The trigger for an increase in the export tax rate for Canadian softwood products going to the U.S. has been reached and will be enforced on softwood lumber as
Mar. 11, 2015 - There has been much controversy and speculation that the demand for biomass as a fuel source is driving deforestation and degradation...
The latest forestry certification stats show Canada continues to be far and away the leader in forest sustainability.
Canadian Forest Industries launches its 2015 industry webinar series.
Is lumber drying your operation's Achilles heel? Join our webinar, "Ten Steps Toward Successful Drying"
In the forest with Island Timberlands...
CFI Editor Amie Silverwood goes into the forest near Nanaimo, B.C. with Island Timberlands.
Adapting to an evolving wood diet...
CFI Editor Amie Silverwood discusses how Ilnicki Bros is adapting to a changing wood diet in the forests near Williams Lake, B.C.
New technology for dust suppression...
Jordan Newton of SonicAire discusses new technologies available for dust suppression in the Canadian forest industry.
Safety and efficiency with Murray Latta...
Conor McElveen discusses the renewed commitment to safety and efficiency that can be seen in the latest product releases Murray LattaProgressive Machine Inc.
March 25, 2015 — John Deere Forestry has created the GoFell mobile application for its M-Series Tracked Feller Buncher customers.
March 20, 2015 – The PICO Central Lubrication Pump from Beka-Lube Products Inc. is an all-season lubrication solution designed to provide trucks, compact wheel loaders, track and skid steer loaders and compact equipment including mini excavators, forklifts and telehandlers, longer life with no unscheduled downtime due to lubrication issues. The pump is rated to operate in temperatures from -13°F to 158°F (-25°C to 70°C). It comes with metered grease servicing for up to eight grease points and distribution blocks are available. A built-in shutdown protects the pump and user’s equipment in case the grease reservoir runs low. The pump also features a drive that fits into spaces up to 60 per cent smaller than comparable pumps and is easily installed in the engine compartment, according to the manufacturer. It is electronically-driven and is available in 24V or 12V models and comes with or without integrated controls. For more information, visit www.beka-lube.com.
March 25, 2015 – More than 50 people registered across Canada, U.S. and the U.K. to hear successful drying expert and consultant, Peter Garrahan, present Canadian Forest Industries’ inaugural webinar, “Ten Steps Toward Successful Drying,” sponsored by Innovated Control Solutions (ICS) and hosted by edtor Andrew Macklin.
March 25, 2015 – USNR announced today that it has acquired Söderhamn Eriksson and all of its subsidiaries from Cellwoodgruppen AB. USNR is the world’s largest supplier of equipment and technologies for the sawmill industry, and the addition of Söderhamn Eriksson further cements USNR’s leadership position.
March 24, 2015 - The trigger for an increase in the export tax rate for Canadian softwood products going to the U.S. has been reached and will be enforced on softwood lumber as of April 1, 2015.
March 24, 2015 - The value of seasonally-adjusted building permits issued by Canadian municipalities declined 12.9 per cent to $6.1 billion in January, compared to the previous month, and were down approximately $960 million when compared to January 2014 ($7.09 billion), according to a recent report by Statistics Canada.
March 23, 2015 - Housing starts in the U.S. experienced a 17-per-cent decline in February, according to a recent report by the National Association of Home Builders (NAHB).
March 19, 2015 – Three researchers at FPInnovations recently received prestigious honours from industry associations for their contributions and accomplishments in the forest industry.
March 24, 2015 - Globally traded hardwood chips for the manufacturing of pulp and wood-based panels have trended downward for much of the past three and a half years. However, this trend broke in late 2014 and early 2015 when prices slowly started to increase.
Feb. 13, 2015 - Louisiana-Pacific Corporation reported losses in the tens of millions for both its fourth quarter and year-end results for 2014. Total sales for the fourth quarter of $454 million, 5 percent lower than the year ago quarter. Total sales for the year were $1.9 billion, 7 percent lower than the previous year. Loss from continuing operations for the fourth quarter was $43 million ($0.30 per diluted share) and a loss of $73 million ($0.52 per diluted share) for the year. Non-GAAP adjusted loss from continuing operations was $32 million ($0.23 per diluted share) for the fourth quarter and a loss of $60 million ($0.42 per diluted share) for the year. Adjusted EBITDA from continuing operations for the fourth quarter was negative $17 million compared to positive $24 million in the fourth quarter of 2013. For the year, EBITDA from continuing operations was $44 million compared to $330 million the previous year. Cash and cash equivalents were $533 million as of December 31, 2014. “The fourth quarter was a tough quarter for LP as OSB prices drifted downward, log outages affected our siding production and EWP sales slowed as dealers aggressively managed their inventories at year-end,” said Curt Stevens, CEO. “But, there are some positive signs that housing activity will improve including: increase in consumer confidence (lower energy prices); actions by the government to lower the cost and increase the availability of mortgages; lower mortgage rates; and a better outlook for jobs.” For the quarter ended December 31, 2014, LP reported net sales of $454 million, down from $480 million in the fourth quarter of 2013. For the fourth quarter, the company reported an operating loss of $49 million as compared to $22 million in 2013. For the fourth quarter of 2014, LP reported a loss from continuing operations of $43 million, or $0.30 per diluted share, compared to a loss of $19 million, or $0.14 per diluted share for the fourth quarter of 2013. Adjusted EBITDA from continuing operations for the fourth quarter of 2014 was negative $17 million compared to positive $24 million in the fourth quarter of 2013. For the year ended December 31, 2014, LP reported net sales of $1.9 billion compared to $2.1 billion in 2013. For the year ended 2014, the company reported an operating loss of $78 million compared to income of $203 million in 2013. For 2014, LP reported a loss from continuing operations of $73 million, or $0.52 per diluted share, compared to income of $177 million, or $1.23 per diluted share, for 2013. Adjusted EBITDA from continuing operations for the year was $44 million compared to $330 million for 2013.
March 26, 2015 — Stella-Jones Inc. (TSX:SJ) ("Stella-Jones" or the "Company") today announced financial results for its fourth quarter and fiscal year ended December 31, 2014.
Feb. 24, 2015 – The UCS Forest Group of Companies (UCS) announced that they have reached an agreement to acquire the assets and ongoing business activities of the British Columbia business unit of White-Wood Distributors Ltd. UCS does business in Canada as Upper Canada Forest Products Ltd. “We are delighted with the opportunity to service the customers and support the suppliers that have been dealing with White-Wood throughout British Columbia,” stated Warren Spitz, President & CEO of UCS. “I would like to offer my thanks to Mark Yusishen for choosing us as White-Wood’s successor in this market. Our corporate strategy to grow in key markets continues across North America and we are very excited about this most recent opportunity.” “Our decision to complete this transaction with Upper Canada was based in part on our shared values and commitment to excellence in customer service’” commented Mark Yusishen, President & CEO of White-Wood. “We are confident that our valued customers in B.C. will continue to be well-served.” This is the third acquisition in the past 10 months for the UCS Forest Group, which recently acquired Reimer Hardwoods operations in Alberta and the Atlas Lumber Company in Los Angeles, California. Upper Canada Forest Products has serviced the British Columbia market for over 20 years and operates from an 80,000 sq. ft. warehouse in Burnaby and a second facility in Kelowna. In a timely manner, White-Wood’s operations will be integrated into Upper Canada’s facilities.
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