Canfor Corporation (TSX:CFP), further to its announcement on November 9, 2018, completed the purchase of Elliott Sawmilling Company Inc. (“Elliott”) on May 31, 2020.
Elliott adds over 210 million board feet of production capacity.
https://www.canfor.com/docs/default-source/news-2020/nr2020-06-01-canfor-elliott-acquisition-news-release.pdf?sfvrsn=41bee91_2
Related Posts
For the second quarter of 2020, Clearwater Paper reported net sales of $480 million, a 6% increase compared to net sales of $452 million for the second quarter of 2019. Net income for the second quarter of 2020 was $23 million compared to net loss for the second quarter of 2019 of $0.4 million. For the first six months of 2020, Clearwater Paper reported net sales of $958 million, a 9% increase compared to net sales of $881 million for the first six months of 2019. Net income for the first six months of 2020 was $33 million compared to net income for the first six months of 2019 of $3 million.
Leading global packaging and paper group Mondi is launching a range of new paper-based release liners which are created using recycled and light-weight materials and provide a more sustainable solution for a range of applications. The new products have been created with FSC®1 or PEFC® certified paper to ensure responsible sourcing and, being lighter in weight, they offer a sustainable solution for labels, tapes, envelopes and industrial usage. EverLiner labelite is a lighter option to standard glassine for label applications, with the same thickness of 58 gsm glassine but engineered to a reduced weight of 47 gsm. This results in 20% less raw material used to produce the liner. EverLiner M R is the first release liner on the market using a recycled base paper. The machine glazed paper (MG) with 70% FSC® recycled certified content reduces the amount of fresh fibres used and is FSC® certified so ensures responsible sourcing.
The Nicolet Mill was honored on June 28, 2018 – receiving Focus on Energy’s “Energy Efficiency Excellence Award” for its commitment to reducing energy waste. Nicolet has been active in identifying and implementing energy reduction projects, and as part of the Focus on Energy grant program, has worked with Wisconsin Public Service (WPS) and Focus on Energy on assessments of their processes, and has integrated many energy-saving changes based on the assessment results. Recent energy efficiency projects at Nicolet include LED lighting upgrades, steam system management upgrades, and installing more efficient agitators and pulper rotors. The Nicolet Mill was the only industrial company to receive this honor this year.