by Web Editor | Jun 2, 2017 | News
The Canadian government will give C$867 million (US$642.2 million) in financial support to Canadian lumber producers and exporters to help them withstand the impact of new U.S. tariffs on Canadian softwood exports. In April, Washington imposed preliminary anti-subsidy...
by Web Editor | May 26, 2017 | News
Montreal-based lumber, paper and pulp producer Tembec has received an $807 million US offer to take over the company from Florida-based conglomerate Rayonier Advanced Materials. Jacksonville-based Rayonier is offering Tembec shareholders $4.05 Cdn per share, or 0.2302...
by Web Editor | May 15, 2017 | News
Resolute Forest Products Announces Layoffs Amid Softwood Lumber Battle Hundreds of Quebec forestry workers are experiencing the first sour tastes from the softwood lumber battle with the United States as they prepare for the start of layoffs. Starting Monday, Resolute...
by Web Editor | May 3, 2017 | News
Canfor Corp., one of the world’s largest forestry companies, sees potential acquisition opportunities in the U.S. South as smaller companies struggle in the wake of carnage left by new softwood lumber duties. “We’ve got an appetite for [mergers and acquisitions],”...
by Web Editor | Apr 3, 2017 | News
Global softwood lumber trade increased 12% year-over-year to reach a new record-high of 121 million cu. ft. in 2016, according to Wood Resources International. Since the global financial recession in 2009, there has been a steady climb in international trade of...
