Their sawmills largely missed out on the surge of shipments to China.
Cat-HTR technology will be used to produce biofuels and biochemicals.
AFP in Arkansas operates six facilities producing lumber, engineered wood and wood chips.
Lack of fibre supply and a depressed market to blame.
Goes to Canfor Pulp for $15 million.
International Wood Markets survey says overall global softwood production grew by only 2%.
Five-year deal boosts pay, adjusts trades rates, improves health benefits and includes provisions to secure the USW’s pension plan.
Phased purchase of three sawmills will take place over three years.
$38.5M upgrade to sawmill and new planer mill.
Management integrating with Canfor Corp.
Canfor Corp. has decided to close two BC sawmills, idled following the collapse of the US residential housing market in 2008, but it is investing $300 million in other facilities.