Further to Canfor Corporation’s (TSX:CFP) announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has today completed the purchase of three sawmills located in Sweden from Bergs Timber.
https://www.canfor.com/docs/default-source/news-2020/canfor-subsidiary-closes-bergs-acquisition.pdf?sfvrsn=330fee91_2
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AF&PA President and CEO Donna Harman issued the following statement in strong support of the North American Free Trade Agreement (NAFTA). AF&PA and member company leaders will meet with administration and Congressional offices on March 20 to advocate for free and fair trade policies that recognize the strong global position of the paper and wood products industry. “NAFTA countries account for $9.6 billion or 45% of our industry’s pulp and paper exports, making them a vital industry market. As negotiators work to modernize NAFTA with Canada and Mexico, we support constructive changes that will ensure these markets remain open to our country’s exports and recognize the benefits of an interconnected supply chain. Maintaining open access for U.S. exports and a level playing field for U.S. companies, retaining the investor-state dispute settlement mechanism, implementing transparent and sound science-based regulatory practices and combatting illegal logging and associated trade remain our top priorities. Click Read More below for additional information.
Overview • Q2 2022 reported operating income of $532 million; quarterly sales of $2.2 billion • Downward pressure on North American lumber market fundamentals; significant decline in US-dollar lumber benchmark pricing; uptick in European market pricing largely tied to traditional quarterly lag • Improved lumber & pulp shipments despite ongoing transportation challenges • Shareholder net income of $374 million, or $3.02 per share
Along with members of the community, provincial and federal elected representatives, staff at Meadow Lake Mechanical Pulp mill (MLMP) and Paper Excellence Canada today celebrated 30 years of the pulp mill being in operation. The mill is located just east of Meadow Lake and has been operational since 1992. MLMP was the first mill Paper Excellence Canada acquired in 2007. The mill employs over 200 full-time employees, creates approximately 1,300 direct and indirect jobs, and creates approximately $470 million in economic activity annually. MLMP produces approximately 400,000 tonnes of bleached chemi-thermal mechanical pulp (BCTMP) annually. BCTMP is used to make a variety of products from tissue and paper towel to food and board packaging.