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Archives: December 2019

$1-billion takeover bid of forestry giant Canfor fails

Lumber giant Canfor has terminated an arrangement agreement between the company and Jim Pattison’s Great Pacific Capital Corporation.  [...]

Weyerhaeuser sells Montana timberlands

Weyerhaeuser Company announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment [...]

European plywood market pressure persists

In the first half of 2019, the European plywood sector was experiencing a tightening market and competitive conditions. In the [...]

Analysis of China’s current wood processing industry capacity

The output value of China’s timber processing and wood products industries in 2018 was RMB1.3 trillion, accounting for [...]

Canfor’s takeover by Jim Pattinson facing growing opposition from shareholders

The bid by billionaire Jim Pattison to take Canfor Corp. private is facing growing opposition from shareholders, though the investment [...]

COP25: EU officials say carbon neutrality given to biomass energy to come under critical review

Two high-level members of the European Union delegation announced that the carbon neutrality designation given to biomass energy — replacing [...]

Loggers in US seek relief from sharp drop in China log exports

The Carolina Loggers Association (CLA) has joined logging associations across the United States and the American Loggers Council (ALC) to [...]

North American softwood lumber production on a downward trend

U.S. sawmills produced 26.616 billion board ft. (bbf) of softwood lumber in the first nine months, edging down [...]