Despite a slight decline in the overall manufacturing sector in February, Canadian wood products manufacturing demonstrated resiliency in March 2023. According to Statistics Canada, the capacity utilization rate of the wood product manufacturing industry was 80.8% in March 2023, a significant rebound from 76.8% in February 2023. However, this represents a decrease when compared to […]
Tag Archives: canada paper industry
11
May
May
Supremex on May 8 announced the acquisition of the assets of Graf-Pak Inc., a provider of folding carton packaging solutions to a variety of commercial markets. The transaction was concluded for a total consideration of approximately $6.0 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the company’s existing credit facility. […]
10
Feb
Feb
West Fraser Timber announced the planned curtailment of operations at Cariboo Pulp & Paper located in Quesnel, British Columbia, Canada, beginning in mid-April for a month and then for another month in the third quarter. This decision is the result of the decline in the availability of sawmill residuals. The fiber supply challenge in British Columbia […]
30
Jan
Jan
Weyerhaeuser Company reported Q4 2022 net earnings of $11 million, or 2 cents per diluted share, on net sales of $1.8 billion. This compares with net earnings of $416 million, or 55 cents per diluted share, on net sales of $2.2 billion for the same period last year and net earnings of $310 million for the […]
News
CHAR Technologies to receive government funding over $11.3 million to expand Thorold in Ontario, Canada
23
Dec
Dec
The governments of Canada and Ontario announced that they are investing more than $11.3 million to expand CHAR Technologies’ facility in Thorold, Ontario, to produce renewable natural gas (RNG) and biocarbon – creating the largest facility of its kind in Canada, and the only RNG facility in the country to exclusively use woody biomass. Joint […]
14
Dec
Dec
Felix Schoeller Group plans to invest more than $100 million in expanding its capacity in North America by 2025. Starting in 2023, capacities at the company’s sites in the USA and Canada will be significantly expanded in three steps. In the first step, a new silicone coater will be installed at the Pulaski, New York site […]
30
Oct
Oct
The Paper Excellence Group and Resolute Forest Products Inc. today announced their intention to sell Resolute’s Thunder Bay pulp and paper mill in Ontario, Canada, to further facilitate the regulatory review process. On July 6, the Paper Excellence Group through its wholly-owned subsidiary Domtar Corporation entered into an agreement with Resolute, a global forest products […]
20
Oct
Oct
Canfor Pulp Products announced a temporary curtailment of its Intercontinental Pulp Mill in Prince George, BC, Canada, due to the lack of available economic fiber. Following its annual turnaround maintenance that began on September 24, 2022 and lasted for two weeks, the facility has implemented a two-week curtailment. Regular operations are expected to resume on […]
News
Paper Excellence Announces Indefinite Curtailment of Crofton Paper Mill Operations due to low demand from china & high costs
14
Oct
Oct
Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility on Vancouver Island in British Columbia, starting in early December 2022. Paper Excellence explained that paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy, and wood fiber used […]
12
Sep
Sep
Clean fuels, such as advanced biofuels and hydrogen, play an essential role in contributing to Canada’s plan to reach net zero by 2050. Recognizing the unique opportunities that clean fuels present for Canadian companies, Indigenous businesses and communities, the Government of Canada is helping grow domestic production capacity while strengthening the economy, creating good, sustainable […]