Well Log Cabin Hub magazine has created an infographic offering a peek at log homes that go beyond your typical, humble abode. Belonging to public figures ranging from Ralph Lauren and Paul McCartney, all the way to Oprah Winfrey and Queen Elizabeth II, here are 20 log cabins of the rich and famous:
(Click on the image below and expand to see the full list.)
The announcement came on Wednesday and follows WFP’s plan to strengthen the company through recapitalization and consolidation.
WFP’s goal is to become a global competitor, according to a statement.
The statement also mentions that all employees of the consolidated South Vancouver Island plant have either received compensation or been located to other facilities within WFP.
WFP also consolidated its sawmills in Nanaimo, B.C. in October 2014. President and CEO Don Demens said that the decision was also part of the strategy to make WFP more competitive worldwide.
“This strategy involves the evaluation of new market programs and operating configurations designed to improve our operating results," Demens said.
According to the company, “Since 2011, Western has invested over $260 million in recapitalizing its coastal operations, including more than $94 million in strategic investments towards upgrading technology, with a focus on reducing costs while maintaining product flexibility.”
Stella-Jones is providing this update to inform of lower year-over-year financial results in the fourth quarter. For this period, the company is currently anticipating sales in the range of $340.0-$342.0 million, compared with $357.5 million last year, while operating income is expected to be between $27.0 and $29.0 million, versus $48.3 million a year ago.
2016 will mark the sixteenth consecutive year of sales and net income growth for Stella-Jones. For the fiscal year ended Dec. 31, 2016, consolidated sales are expected to show a year-over-year increase of nearly 18.0 per cent, reaching close to $1.84 billion, while operating income should be between $232.0 and $234.0 million, up from $220.1 million last year.
The year-over-year decrease in sales and profitability in the fourth quarter of 2016 was primarily driven by lower railway tie demand at the end of the year, as anticipated in management's discussion and analysis for the third quarter of 2016. For the current fiscal year, total sales and operating margins are expected to remain comparable to 2016, assuming stable currencies.
Castanet reports the fire was small and got put out quickly. “The workers ... managed to put a fire hose on it and got it knocked down before our engine arrived on scene,” Lake Country Fire Chief Steve Windsor told Castanet.
Read more here.
Corruven Canada Inc. plans to use the investments, as well as about $2 million in private funds, to install its first industrial-scale corrugating line and build a market for its products in the U.S. and Canada. The company’s technology allows it to process and press veneer rejects into usable products such as packaging and bed platforms. The company says its materials are approximately 75 per cent lighter and six-time strong than traditional building materials.
Supporting the Canadian forestry industry, the Canadian government’s Investments in Forest Industry Transformation Program provided Corruven $2.5 million in funding for the project, while the Atlantic Canada Opportunities Agency contributed the remaining $2 million in government funding.
The startup expects the corrugating line and associated research will create 10 new jobs at its base in Saint-Basile, N.B., as well as an additional 14 if the project proves successful.
Aug. 26, 2016 - Brink Forest Products Ltd. has entered into an agreement with the BID Group of Companies to purchase Vanderhoof Specialty Wood Products Ltd.
Aug. 11, 2016 - With the recent closing of manufacturing plants in the North Bay, Ont., area, one can assume that most people living in the region were relieved to witness the reopening of Columbia Forest Product’s hardwood veneer plant in Rutherglen, Ont. The plant was reopened this past April with USD$1.5 million invested into the facility.
Aug. 10, 2016 - Acquisitions and high demand for residential lumber and railway ties accounts for Stella-Jones' strong second quarter sales results, up 31.5 per cent from one year ago. The company's sales reached $563.1 million, up from $428.1 million in the second quarter last year.
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.
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.
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.
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.
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
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