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The shuttered pulp mill‘s cleanup, which was set to begin this fall, has been paused after an independent assessment of the lagoons this summer revealed an extra 194,000 cubic metres of sludge.
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“Remi’s superior leadership skills demonstrated on a range of strategic initiatives have consistently impressed the board,” said Bradley P. Martin, chairman of the board of directors, in a statement.
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The company recorded net earnings in Q3’20 of $121.6 million, or $1.81 per share, compared to $3.2 million, or $0.05 per share in Q2’20, and a net loss of $35.6 million, or $0.53 per share in Q3’19.
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“We are optimistic, but we also recognize that our business is cyclical and that it is not yet clear whether the worst of the pandemic is behind us,” said Peter Wijnbergen, Norbord’s president and CEO. The 100 Mile House mill will close because of the “ongoing wood supply shortage” in the region.
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Project Learning Tree Canada's Green Mentor program is looking for more forest professionals to sign up to mentor youth interested in the sector. The six-month program runs from January to June 2021 and only requires 2-3 hours a month of a mentor's time (virtually or in person).
Our mentors have said that they gain just as much from the program as their mentees. Mentorship is a great way to develop leadership skills, hear new perspectives and even recruit future employees!
Do you want to help inspire the next generation of forest leaders?
» Click here to learn more! |
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When asked about how concerned they were about the impact of COVID-19 on their business, over half of loggers (56 per cent) rated their level of concern at either a six or seven out of seven.
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To acknowledge and highlight each winner of our Top 10 Under 40, CFI will feature one of 2020’s winners every week. This week, we introduce readers to Kim Lefebvre, integrated environmental services manager at Strategic Natural Resource Consultants in Port McNeil, B.C.
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• Extremely cost effective to use
• Increased sawing accuracy with less lubricant required.
• Reduced wear
• Environment safe
» Learn more... |
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Catherine Langille was unsure about her future plans, but after a few years working as a Project Learning Tree Canada (PLT Canada) Green Jobs youth with the Outland Youth Employment Program (OYEP), she knew she wanted to work in a Green Job.
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The company capitalized on improved markets in North America by increasing sales of Western Red Cedar lumber and redirecting products destined for weaker export markets. Net income of $11.5 million was reported for Q3 2020, compared to a net loss of $18.7 million in Q3 2019.
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“We took advantage of the rally in lumber prices to further deleverage the balance sheet and drive shareholder value by opportunistically repurchasing five per cent of outstanding shares,” said Yves Laflamme, president and chief executive officer of Resolute.
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“Benefiting from the continued strong demand across most of our product categories and the exceptional rise in market lumber prices, we realized sales growth of 18 per cent and increased EBITDA by 38 per cent to a quarterly best of $132 million,” said Éric Vachon, president and CEO of Stella-Jones.
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