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The petition, titled, “Saving the working forest for all generations,” is addressed to B.C. Premier John Horgan, asking the government to bring into legislation, “The working forest, defined and dedicated to the purpose of harvesting and economic activities.”
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The corporation is doling out the funding via two programs: $600,000 for the Competitiveness Consulting Rebate (CCR), and $500,000 to the Northern Industries Innovation Fund (NIIF).
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Norbord Inc. has reported adjusted EBITDA of $138 million for the full-year 2019 compared to $724 million in 2018 on significantly lower realized North American OSB prices and shipment volumes, as well as lower European panel prices.
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Grant Thornton Limited has been appointed as Receiver (the "Receiver") of MP Atlantic Wood Ltd., New Future Lumber Ltd. and 669699 N.B. Ltd. ("M.P. Atlantic") pursuant to a Court Order. M.P. Atlantic operated a planing mill and wood processing facility in Dieppe, NB on a 96 acre lot. The facility includes:
• 2015 Gilbert 6 roll 2000 fpm planer;
• VAB Solutions automated planer mill grading system
• Energie F.E.I. Inc. wood fired boiler with:
• 90,000 bdft kiln
• 150,000 bdft kiln;
• 2016 Cathild Industries propane fueled 300,000 bf kiln; and
• Miscellaneous rolling stock, equipment and buildings.
En bloc offers are preferred; however, offers may be submitted for different asset classes on an individual basis. The deadline for submitting offers to purchase the assets is March 12, 2020 at 5:00 pm Atlantic Time.
Contact Allan MacDonald, CPA, CGA
T 902.491.4179, F 902.420.1068
E allan.macdonald@ca.gt.com
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In a news release, Don Demens, president and CEO of Western Forest Products, called the agreement “fair and equitable,” and said it balances the needs of employees and the business.
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The Canadian Bioeconomy Conference and Exhibition returns from June 10-12 in Prince George, B.C. Industry, government, communities, and researchers will meet and discuss some of the greatest challenges facing the nation: climate change, energy security, and truly sustainable economic development.
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“Lower-trending starts in Vancouver were partly offset by stronger activity in Montréal, while the trend in Toronto was stable at the start of the year,” said Bob Dugan, Canada Mortgage and Housing Corporation’s chief economist
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Forests Ontario’s annual conference will take place on Feb. 14 in Alliston, Ont. The theme of “We the Forest” will delve into how individuals and organizations can speak on behalf of forests and collaborate for their long-term health.
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This year marks the 50th anniversary of Ponsse Plc. Today, the family-owned company, which started from the dream of forest machine entrepreneur Einari Vidgrén in a small village workshop, operates in harvesting markets in 40 different countries.
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