VANCOUVER, BC, Sept. 27, 2024 - Canfor Corporation (TSX:CFP) announced today that it and certain of its subsidiaries (collectively, "Canfor") have entered into an approximately USD$315 million loan agreement with an affiliate of Farallon Capital Management, L.L.C. and received all advances thereunder, totaling approximately US$232 million.
Mercer International announced on September 25, 2024, that its Peace River mill in Canada has temporarily halted operations due to a mechanical failure in the digester.
The Ontario government is committing nearly $280,000 to establish a new action centre aimed at helping over 330 workers affected by layoffs at the AV Terrace Bay pulp mill.
Port Hawkesbury Paper has begun construction on a $400 million wind farm in Guysborough County, Nova Scotia, to supply 60% of its Point Tupper paper mill's power.
Georgia-Pacific has announced the completion of a nearly $550 million investment at its Green Bay Broadway Facility, marking a significant expansion in production capabilities.
In a press release issued on September 17, the United Steelworkers (USW) announced that British Columbia's forestry workers are uniting to fight for their future at the Union of B.C. Municipalities (UBCM) conference.
Paper Excellence Canada has announced it will not proceed with the planned restart of the Prince Albert pulp mill in Saskatchewan, citing unfavorable market and economic conditions.
The transition to a circular economy faces a significant challenge: the gap between consumers' intentions and actions.
VANCOUVER, BC, Sept. 12, 2024 - As indicated in its September 4 announcement of the closure of the Plateau and Fort St. John operations, Canfor Corporation (TSX: CFP) remains committed to exploring opportunities to divest some of its northern BC tenure to support other BC manufacturers who are facing similar challenges accessing economic fibre to support their operations.
The Government of British Columbia is injecting up to $11.4 million into eight forestry-related projects through the BC Manufacturing Jobs Fund (BCMJF). This investment aims to boost local economies, create jobs, and advance the province's transition towards high-value, sustainable forestry products.
Kruger Inc. has announced a $32.4 million investment in its Kamloops Pulp Mill to implement innovative technology for producing next-generation specialty pulps.
International Paper (IP) has taken a significant step forward in its pending acquisition of DS Smith by filing a definitive proxy statement with the U.S. Securities and Exchange Commission (SEC).
The California legislature has approved a bill that will significantly alter the state's regulations on carry-out bags.
An impact analysis produced by Environment Canada and Natural Resources Canada, revealed by Radio-Canada on Monday, exposes the extent of economic consequences from the proposed federal decree aimed at protecting three woodland caribou herds in Quebec.
The BC Council of Forest Industries (COFI) has expressed deep concern following the announcement of additional mill closures across British Columbia, emphasizing the profound impact on workers, families, and local communities.
Graphic Packaging International (GPI) has established a new $350,000 scholarship endowment at Western Michigan University (WMU) to support students pursuing paper engineering degrees.
Canfor Corporation, a Canadian forestry giant, has finalized a significant transaction with two First Nations in British Columbia.
Packsize, the leader in sustainable on-demand packaging, announced the opening of its new Innovation Center in Louisville, Kentucky.
Phoenix Paper, a leading manufacturer of high-quality paper products, has announced the launch of two new product lines: Phoenix Tag™ and Phoenix Ledger™.
Bruce Ralston, B.C.’s Minister of Forests, has addressed Canfor Corporation’s decision to permanently close the Plateau sawmill in Vanderhoof and the Fort St. John sawmill, which will impact workers and communities across the province.
White Birch Paper is gearing up to enter the recycled kraft paper market with a new production line at its Stadacona Mill in Quebec City, Canada.
Graphic Packaging Holding Company has announced a revision to its full-year 2024 financial outlook following a series of operational setbacks in the third quarter.
