Canfor Corporation is announcing an extension of sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack of available economic fiber. The production capacity will be reduced through two-week curtailment extensions in January at select solid wood facilities in B.C. This will remove approximately 21 million board feet in addition […]
Tag Archives: Alabama
09
Dec
Dec
Georgia-Pacific’s Brewton Containerboard mill in Alabama recently announced its plans to invest $160 million to modernize its operations. The project involves upgrades to the facility’s pulp processing systems that will reduce energy and chemicals consumption, other environmental emissions, and allow for more paper production. “This is a significant investment for Brewton and will build upon […]
24
Nov
Nov
The Packaging Corporation of America (PCA) paper mill in Jackson announced to its employees last week a layoff of virtually all of its 400-plus workers and a temporary idling of the mill. PCA issued this brief statement through the Jackson mill: “Due to economic conditions and lower demand for our products, we have temporarily laid […]
05
Nov
Nov
Rayonier Inc. recently announced that the company has entered into two separate agreements to acquire approximately 172,400 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana for an aggregate purchase price of approximately $474 million from Manulife Investment Management, a leading timberland investment manager. The Acquisitions comprise well-stocked and highly productive timberlands […]
24
Aug
Aug
Georgia-Pacific is making a significant investment of more than $20 million at its plant in Lebanon, Tennessee. Its existing corrugator will be replaced with a new one to provide the plant with more throughput and provide customers with a better-quality product. “This is as much an investment in our current and future customers as it […]
Canfor Corporation is announcing changes to the senior leadership team. After 14 years with Canfor, Alan Nicholl, Executive Vice President, Bio-Based Solutions & Pulp Operations, has accepted the role of Managing Director with Licella Holdings, Canfor’s joint venture partner in Arbios Biotech (Arbios) effective April 2022. Alan will continue to serve as President & CEO […]
31
Aug
Aug
CatchMark Timber Trust, Inc.announced a definitive agreement to sell 18,063 acres of prime Oregon timberlands – known as the Bandon property – for $100 million in cash, or approximately $5,536 per acre, to Roseburg Resources Co. CatchMark purchased the property in August 2018 for $88.8 million, or $4,916 per acre, exclusive of transaction costs. The company expects to recognize a gain on the sale in excess of $20 million in […]
20
Sep
Sep
China’s scrap import regulations have made domestic markets for recovered paper and plastic more important in recent years, and more capacity is coming online to consume this material, according to speakers during the WasteExpo Together Online session titled, “Commodities Updates: Fiber, Plastic & COVID-19.” Recovered paper “Exports are becoming less important for U.S. recovered paper, […]