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Madison Lumber Report

Northern Pulp cleanup paused after additional sludge discovered

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.

Resolute’s Yves Laflamme to retire, Remi Lalonde named president & CEO

“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.

Interfor reports record $221.7M in Adjusted EBITDA in Q3 2020

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.

Norbord reports ‘strongest quarter ever,’ closes 100 Mile House mill

“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.
Sponsored Spotlight 
Project Learning Tree

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Featured News 
Survey snippet 14

Survey snippet 14: The impact of COVID-19

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. » Read more...
Kim Lefebvre

Forestry’s rising stars: Meet Kim Lefebvre

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. » Read more...
Sponsored Spotlight 
Supersaul Chemmex

EGL 1221 Guide Lube

• Extremely cost effective to use
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How PLT Canada’s mentorship program transformed one Thunder Bay local’s life

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. » Read more...

WFP announces adjusted EBITDA of $33.7M in Q3 2020

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. » Read more...

Resolute posts net income of $57M in Q3 2020

“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. » Read more...

Stella-Jones reports EBITDA of $132M in Q3 2020, new record

“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. » Read more...