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The Nova Scotian government claims that in 2018, when Northern Pulp was seeking loan payment deferrals from the province, it had managed to shore up $59.9 million to pay Paper Excellence Canada Holdings Corporation. Northern Pulp says the province was aware of the payments and they did not violate the terms of the loans.
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FPInnovations is moving full speed ahead with its automated-harvesting project to usher in a new era of forestry machinery with an eye to one day operating fully autonomous machines.
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Quesnel Investment Corporation made the offer to purchase and operate C&C Wood Products’ specialty mill and Westside Logging earlier this month.
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Satellite technology is playing an enhanced and critical new role in driving productivity and efficiency for today's forestry operations. At a time when there is uncertainty in the marketplace, managing workers, monitoring and tracking assets, and adjusting to shifting supply chains are crucial priorities for business continuity and seamless operations. Equipment and assets must be tracked and monitored in near real time when being transported, covering areas that may include unreliable or unavailable cellular networks. Lone and remote workers need to stay connected when traveling long distances, visiting multiple remote sites during the course of their daily activities. All of this is further complicated with new economic realities that are putting a further strain on forestry companies' bottom line.
Click here to learn how satellite technology can help open new windows into remote asset management, tracking and lone worker safety.
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CFI gives readers an inside look at Esk’etemc First Nation-owned Alkali Resource Management (ARM)’s land management practices, biomass harvesting operations and more.
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In September last year, a new major player entered the forest industry: Weiler Forestry. Headquartered in Lagrange, Ga., the company recently purchased Caterpillar’s purpose-built forestry business.
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• Stationary or mobile
• Diesel or Electic
• Two to four rotors
• Conveyor
• Steel structure
• Step feeder
• Financing available
CONTACT US at (819) 947-8291
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The trust can be accessed by companies, organizations or post-secondary institutions working and researching in the forestry and biological resources sectors.
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Weyerhaeuser reported second quarter net earnings of $72 million compared to net earnings of $128 million for the same period last year. However, adjusted EBITDA was $386 million in Q2 2020 compared with $343 million for Q2 2019.
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Despite the low income reported in Q2, “we expect to continue to gain momentum in the coming quarters,” said president and CEO Yves Laflamme. “The lumber market lately has been a bright spot against what were pessimistic expectations in April.”
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