Posts Tagged ‘financial’

Chapleau contractor buying Atikokan pellet mill

January 11, 2018

A forestry contractor based in Chapleau, Ont., is buying a wood pellet mill that currently serves the Atikokan Generating Station from its bankrupt owner Rentech. Northern Ontario Business reports that “a numbered company (2607043 Ontario Inc.), affiliated with True North Timber signed an asset purchase agreement on Dec. 11 to buy the

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Sawlog prices rose in third quarter, expected to continue growth

January 4, 2018

SEATTLE, WA – Global sawlog prices were higher throughout the world in the 3Q/17 and are likely to continue upward into 2018 because of strong demand for lumber in key markets, reports the Wood Resource Quarterly. The Global Sawlog Price Index (GSPI) was up 5.1 per cent from the 2Q/17

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B.C.’s Atlas Engineered Products expanding to Ontario

December 5, 2017

NANAIMO, B.C. – A British-Columbia producer of trusses and engineered wood products is expanding its footprint to Ontario with the purchase of Clinton Roof Truss Ltd. Atlas Engineered Products of Nanaimo, B.C., has entered into a letter of intent with Clinton Roof Truss to acquire all of the issued and

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Venture capital firms show interest in bioeconomy

November 30, 2017

SARNIA, Ont. – A building block for the support of early-stage Canadian bioeconomy and cleantech companies has been announced by Bioindustrial Innovation Canada (BIC). BIC has signed a Memorandum of Understanding (MOU) with each of five key venture capital firms investing in the Canadian bioeconomy and cleantech space.  It is

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Norbord earnings rose on higher OSB prices

October 31, 2017

TORONTO — Norbord Inc. reported Adjusted EBITDA of US$200 million for the third quarter of 2017 versus US$115 million in the third quarter of 2016 and US$165 million in the second quarter of 2017. The improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes. “Our third quarter performance continued

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Rising wood costs squeezing profits for overseas sawmills

September 21, 2017

SEATTLE, WA — Production cost margins for sawmills in Brazil, Russia and Finland have fallen during the first half of 2017, while they increased to their second highest level in 13 years in the US South in the 2Q/17, according to Wood Resource Quarterly. The sawmill margins to cover non-wood

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IFIT seeking bioeconomy project proposals

September 20, 2017

OTTAWA – Natural Resources Canada has announced a call for proposals for funding of the next wave of innovative, first-in-kind technologies aimed at forest industry transformation and the bioeconomy. Expressions of interest are required by Oct. 12. Established in 2010, the Investments in Forest Industry Transformation (IFIT) program was renewed

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