Further to Canfor Corporation’s (TSX:CFP) announcement on June 17, 2020, its 70%- owned subsidiary, Vida Group, has today completed the purchase of three sawmills located in Sweden from Bergs Timber.
https://www.canfor.com/docs/default-source/news-2020/canfor-subsidiary-closes-bergs-acquisition.pdf?sfvrsn=330fee91_2
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WestRock announced that it has been named to the Dow Jones Sustainability North America Index (DJSI North America) and Dow Jones Sustainability World Index (DJSI World) for 2020, in recognition of its commitment to sustainable business practices. The Index is a widely recognized standard for measuring and advancing corporate environmental, social, and governance (ESG) practices across all industries. DJSI North America recognizes the top 20 percent of sustainability performers among the 600 largest U.S. and Canadian companies. DJSI World tracks the performance of the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market IndexSM that lead the field in terms of sustainability.
The US Department of Commerce imposed unwarranted countervailing duties up to 9.93% on imported Canadian uncoated groundwood paper (newsprint). Forest Products Association of Canada strongly believes that these duties are completely unjustified and protectionist in nature. We call on the federal government to stand with us and the over 4,500 hard-working Canadians from British Columbia to Newfoundland and Labrador who could be impacted by this frivolous trade action. As it has with the softwood lumber dispute, this trade action will bring real harm to U.S. workers and businesses, impacting over 600,000 American jobs. We applaud the leadership of the many Democratic and Republican U.S. Senators, and the publishers of over one thousand small and medium-sized U.S. newspapers who have demanded that Washington not impose countervailing and anti-dumping duties on Canadian newsprint. Click Read More below for additional information.
Strong sales growth continued throughout the second quarter, driven by volume growth, product mix and higher prices. Sales volumes increased compared to the same period last year despite different timing in the maintenance schedule. Profitability continued to strengthen with excellent cash flow delivery in the second quarter. Halfway into 2021, we experienced strong demand and a good sales momentum for all our product segments. *Net sales grew by 6% to SEK 6 504 million (6 156) Excluding currency effects net sales grew by 9% *Adjusted EBITDA* increased by 14% to SEK 883 million (774) *Operating profit amounted to SEK 404 million (245) *Net profit was SEK 311 million (202) *Earnings per share amounted to SEK 1.50 (0.98)