Resolute Forest Products Inc. announced it will acquire Conifex Timber Inc. ‘s three U.S. sawmills for $163 million, plus net working capital at closing, currently estimated at $7 million. The three sawmills have a combined production capacity of 550 million board feet and are located in Cross City, Florida, and…
Media reports say the authorities in Brazil are considering allowing the export of Amazon native tree species in log form. The authorities are considering this after being lobbied by timber businesses. Current regulations establish that only exotic plantation species such as eucalyptus and pine can be exported as logs. The…
Western U.S. sawmills produced 13.203 billion board ft. (bbf) of softwood lumber in the first 11 months of 2019, a drop of 1.4% from the same period in 2018 when output was 13.390 bbf, according to the latest figures from the Western Wood Products Assn. (WWPA) of Portland, Oregon. Coastal…
Domestic sawlog prices in Finland and Sweden have been declining for over a year because of lower demand from the region’s sawmills. However, the reduced wood raw-material costs have not kept pace with the falling prices for lumber, which has resulted in lower margins for the sawmilling sectors in both…
According to the local press, the China Green Times, the output value of China’s timber processing and wood products industries in 2018 was RMB1.3 trillion, accounting for 17% of the total output value of China forestry sector. Wood-based panel industry There are about 10,000 wood-based panel enterprises with 3 million…
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…
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…
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…
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…
The total area notified for final felling in Sweden decreased by 24% in November compared to the same month last year, and it decreased the most in the region South of Sweden, according to the Swedish Forest Agency. The total area notified for final felling was 26 058 hectares in…
