FSC investigates Paulownia wood supply chain in Asia

Following an extensive investigation into Paulownia wood supply chains, FSC has taken initial action against a number of companies that were found to have traded non-certified Paulownia as FSC certified. These companies are subject to termination or suspension of their trademark licenses or further investigations. An investigation involving Assurance Services…

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Forisk to aquire the North American Wood Fiber Review

Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington. The Review, which tracks wood fiber markets in all major regions of the United States and Canada, will be published by Forisk…

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Great Pacific Capital Corp. fails to acquire Canfor

Great Pacific Capital Corp. failed to acquire Canfor Corp. due to resistance from minority shareholders. In October, the Canfor management approved the takeover offer made in August and also recommended that the shareholders approve it. With the acquisition by the major shareholder Great Pacific, Canfor would have been taken off as a private…

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Weyerhaeuser to sell Montana timberlands

Weyerhaeuser Company announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. The company anticipates minimal tax liability in conjunction with the transaction. “The sale of our Montana acreage is part of our ongoing effort to strategically…

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Canfor and Great Pacific terminate arrangement agreement

Canfor Corporation has agreed with Great Pacific Capital Corp. and 1227738 B.C. Ltd., a wholly-owned subsidiary of Great Pacific, to terminate the previously announced arrangement agreement dated October 28, 2019  with respect to the proposed plan of arrangement of Canfor. Based on the Canfor shareholder votes cast by proxy prior…

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U.S. and China reach “phase one” trade deal

Chinese wood products will continue to face 25% tariffs, according to a phase one trade agreement reached Friday between China and U.S. According to a statement by the United States Trade Representative, some $250 billion in Chinese-made goods will continue to face tariffs of 25%. This third round of tariffs,…

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U.S. and China might have reached a trade deal

It seems that the U.S. government has agreed to suspend some tariffs on Chinese products and cut back on others in exchange for Beijing’s commitment to increase purchases of U.S. farm products in 2020, sources quoted by Reuters said on Thursday, December 12. If confirmed it could mean a de-escalation…

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