Domtar to sell its forest products business to EACOM
Domtar Corporation has announced that it has entered into an agreement to sell its forest products business to EACOM Timber Corporation for CDN$80 million plus elements of working capital estimated at CDN$30 to CDN$40 million.
Malaysia: Daiken to get timber from its plantation in 2 years
KUCHING: Japan’s Daiken Corp, which has invested some US$200mil in two medium density fibre (MDF) board plants in Sarawak, will start supplying raw materials from its tree plantation to local timber processing mills in two years.
Stora Enso to suffer from Finnish stevedores' strike
Stora Enso has said it will "take weeks" to normalise all mill operations in Finland, following the end of a 16-day strike by the country's stevedores (dock workers) on Friday.
Despite a Democratic Congressman almost ruining the scheme by committing a cardinal political sin – He told the truth! – the historic healthcare legislation President Obama signed today assumes $23.6 billion in savings from eliminating a mythical black liquor tax credit.
JAKARTA—PT Medco Energi, Indonesia's largest private oil-and-gas producer, has scaled back plans for a large pulp and paper mill and other forestry investments in Indonesia's remote Papua province at a time of growing global concern over the impact of deforestation on climate change.
New issue of MOST Digest - Russian Timber Industry
Business Support Bureau Runa monitors the Russian timber industry and the market for hot topics, news, expert opinion and relevant information and provides you with the most relevant and interesting information in the form of a free digest - to help you make the right business decision.
VANCOUVER — China's appetite for British Columbia lumber grew at a record pace in 2009 in volume and value, providing sawmillers here with a needed new market to counter stumbling American demand.
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