Every sector in forest products in the South swooned in 2009, with sawmill production falling an industry-worst 21 percent on top of a 23 percent decline in 2008.
Pulp and paper mills were less hard-hit, an industry group reported.
Chinese to buy a stake in Canadian viscose rayon fibre producer
China's largest producer of rayon fibre has bought an ownership position in a northern Vancouver Island pulp mill, providing it with needed capital and assured access to the Chinese market.
Sino-Forest Signs Long-term Master Agreement to Acquire Trees in Guizhou Province
TORONTO, Jan. 28 /CNW/ - Sino-Forest Corporation (TSX: TRE) ("Sino-Forest"), a leading commercial forest plantation operator in China, announced today that its wholly-owned subsidiary, Sino-Panel (China) Investments Limited has entered into a Master Agreement for the Purchase of Pine and Chinese Fir Plantation Forests (the "Guizhou Master Agreement") with Guizhou Sen Li Industry Company Limited ("Guizhou Sen Li"), which will act as the authorized agent for the original forest rights holders.
Swaziland: Sappi in talks with potential buyers for closed Usutu business
Paper and pulp producer Sappi, which is in the final stages of closing its Usutu operations, in Swaziland, has received approaches from several interested buyers, but it could not disclose the nature of the bids at this stage.
Russian Prime Minister Vladimir Putin has decreed that a paper mill on the shores of Siberia's Lake Baikal can restart production despite years of complaints about pollution of the world's largest freshwater lake.
Paper and pulp producer Sappi’s Finnish subsidiary, Finland I Oy, announced on Thursday that it would permanently close its 137-year-old 210 000-t/y Kangas paper mill by early 2010.
In October, the subsidiary reported that it could close the mill, which employed about 150 people, owing to an overcapacity of coated magazine paper in Europe.
US-Black Liquor subsidies are history - what's now?
The huge black-liquor subsidy of pulp mills expired last week, but that isn’t stopping the U.S. forest-products industry from tapping taxpayers' money in other ways.