3rd Generation of Crown Letsgo Silk XF Available Today

Canfor Corporation is announcing that it has completed the purchase of Millar Western Forest Products Ltd.’s solid wood operations further to the Company’s news release dated December 16, 2021. “We are very excited to welcome the employees at the Whitecourt, Fox Creek and Spruceland facilities to the Canfor team,” said Don Kayne, President and CEO, Canfor. “The additional manufacturing capacity in Alberta positions Canfor well to meet the growing demand of our customers for high-quality, sustainable wood products.”

Forest Products Association of Canada (FPAC) applauds the Canadian government, and in particular Minister Champagne, on the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. This agreement will benefit the Canadian forest products industry by eliminating tariffs, as well as providing clear provisions to help settle disputes and avoid unfair blocking of imports because of concerns about issues such as insects or other contaminants. For example, forest products from Canada now face:. •31% tariff to Vietnam for certain kinds of wood, going down to 0% starting Year 1 and up to 27% for paper, which will be at 0% by Year 4. •40% tariff to Malaysia for plywood and up to 25% for paper, down to 0% by Year 6. •10% tariff to Japan for wood products, going down as low as 5% in Year 1 and 0% as early as Year 11. “The CPTPP will increase Canadian forest products access to key global markets,” says CEO of FPAC, Derek Nighbor. “Growing exports will create more middle class jobs in the over 600 forest dependent communities across Canada and help the forest sector diversify its markets.” Click Read More below for additional information.

“BillerudKorsnäs has an incredible opportunity at the sweet spot of trends supporting a growing demand for our renewable, high-quality products made of primary fibres. We have developed a strategic direction around how to reach a profitable and sustainable revenue growth to 2030,” comments Christoph Michalski, President and CEO. BillerudKorsnäs’ new strategy focuses on attractive markets with good growth opportunities and product segments where the company has a strong ability to compete. • Whilst Europe will remain the main market, new business opportunities will be explored, specifically for paperboard in the Americas. • To maximise the organic growth opportunity operational efficiency will be critical. Therefore, the annual investments in mill maintenance and development are expected to reach SEK 1.5-1.7 billion until 2025. • Possibilities to increase production capacity at the group’s existing facilities or via acquisitions will be evaluated. • Transformation towards a professional sourcing organisation for wood supply is an integral part of the strategy with the aim to build long term partnerships to secure a competitive fibre availability. • Additional structural savings under the current cost and efficiency programme is estimated to amount to SEK 130 million during 2022.