Archive

  • January 30, 2002 00:00

Forest Products Association of Canada requires all member companies to prove sustainable forest management

Canada's national forest products association, FPAC, has made a landmark commitment to the long-term health and protection of Canada's forests and the forest industry with stringent, new forest management requirements for all member companies. In a statement FPAC's Board of Directors announced that all member companies will be required to submit their forest management practices to the scrutiny... [more...]

  • January 30, 2002 00:00

Universal Forest Products Posts Record 2001 Results and 25% Increase in Fourth Quarter Earnings

Universal Forest Products, Inc. announced record fourth quarter net earnings of $4.1 million or $0.20 per share (diluted), a 25% increase over net earnings of $3.3 million or $0.16 per share (diluted) reported for the fourth quarter of 2000. Net sales for the quarter were $329.3 million, an increase of 16.6% over net sales of $282.3 million reported for the same quarter last year. For the year e... [more...]

  • January 30, 2002 00:00

Industrial Prices fell in Canada by 0.8%

Industrial Prices fell in Canada by 0.8% On a month-to-month basis, industrial prices fell 0.8% from November after edging down 0.1% in November from October. Price declines for pulp and paper products, and lumber products also contributed to the monthly decrease. From November to December, the value of the US dollar weakened against the Canadian dollar, pushing down prices of commodities that ar... [more...]

  • January 25, 2002 00:00

International Paper Announces Shutdown of Lumber Mill

International Paper today announced that due to unfavorable economic conditions its lumber mill in Morton, Miss., would be shutting down operations in the next 60 days. Approximately 185 employees will be impacted by the shutdown. "This decision was driven by difficult market conditions that affected this older, high cost facility and caused the mill to lose substantial amounts of money," said Art... [more...]

  • January 24, 2002 00:00

Hornitex negotiates with Pfleiderer, Bridgepoint and Orlando

The insolvent particle-board, MDF- and OSB-producer Hornitex will be probably sold either to one of the private equity investors BridgePointCapital and Orlando Management/Bain Company or to the competitor Pfleiderer. This decision was made yesterday by the creditor`s committee. All three will get the possibility for intensive due dilligence investigations. The fourth offer by Homanit wasn`t detai... [more...]

  • January 23, 2002 00:00

International Papers 2001 Earnings went down

International Paper reported 2001 fourth-quarter earnings of $58 million ($0.12 per share), compared with $145 million ($0.28 per share) in the fourth quarter 2000 and $68 million ($0.14 per share) in the third quarter 2001. For the year 2001, International Paper reported earnings of $214 million ($0.44 per share) before special and extraordinary items, compared with 2000 full year net earnings of... [more...]

  • January 23, 2002 00:00

Kemiart Liner Business to be spun off from Metsä-Botnia

M-real, UPM-Kymmene, Metsäliitto Osuuskunta and Metsä-Botnia have today entered into a Letter of Intent on the spinning off of the Kemiart Liner business operations of Metsä-Botnia into a company that will be independent of Metsä-Botnia and have the same share-holding structure as Metsä-Botnia. Kemiart Liner is one of the world’s leading producers of coated and uncoated kraftliner. Kemiart Liner’s... [more...]

  • January 22, 2002 00:00

International Paper expects negatives from Argentine crisis

The Latin American president for the US company International Paper, Maximo Pacheco, says the company has been negatively impacted by the economic situation in Argentina. He explained that exports of paper and containers destined for Argentina had fallen by 20 per cent compared to the previous year. International Paper sold four sackpaper plants in Argentina during the year.... [more...]

  • January 22, 2002 00:00

Willamette reaches agreement with Weyerhaeuser

Willamette Industries announced Monday that it has reached an agreement in principal for the sale of Willamette to Weyerhaeuser for $55.50 per share in cash, subject to negotiation of a definitive merger agreement. The Company also announced that negotiations with Georgia-Pacific Corp. have ended. The Weyerhaeuser agreement will be considered at a Willamette Board meeting expected to be convened p... [more...]

  • Forestry
  • January 22, 2002 00:00

China sales boost

China is increasingly becoming an export market for Southern Hemisphere lumber producers. So it is encouraging to see a note in the ITTO Tropical Timber Market Report that exports of wooden furniture from China to the US showed their consecutive year of more than 30 per cent growth in 2000. Since 1992, China's annual exports of wooden furniture to the US have increased from US$69 million to US$1.... [more...]

Page 1 of 4