Vida Purchases Swedish Sawmill
VIDA AB plans to acquire a 50MMBF sawmill from Ingarp Träskydd for 50 million SEK ($6 million CAD). The sawmill has the potential for expansion to 100MMBF. The acquisition marks a continued investment in the area around Vida’s sawmills in Hjältevad and Vimmerby.
Canfor operates more than 55 facilities across its diversified operating platform in Canada, the U.S. and Europe, including a 70% stake in Vida AB, Sweden’s largest privately owned sawmill company.
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Tembec Suspends Operations At Quebec Sawmill
Tembec, citing weakness in the North American softwood lumber market and high wood costs, is indefinitely suspending operations at its sawmill in Senneterre, Que., putting 148 employees out of work. The Montreal-based company, which last week reported strong results...
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