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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GreenFirst Forest Products Inc. is pleased to announce that it has successfully completed the previously announced decentralization of its lumber mill and paper mill operations. In connection with the decentralization, Terry Skiffington has been engaged as Chief Executive Officer of the paper mill division. Mr. Skiffington is a skilled executive with a broad range of experience in the pulp and paper sector in Canada and globally. The strategic decision to decentralize the businesses and management is expected to improve the ability to focus on the unique aspects of each business, provide for more efficient decision-making processes and to allow for increased entrepreneurialism and cost-control measures.
On 30 July 2020 in connection to the announcement of Metsä Group’s January-June 2020 results it was estimated that the comparable operating result will weaken in the third quarter of 2020 from the EUR 96 million in the second quarter. Mainly due to better than expected profitability in paperboard and pulp businesses Metsä Group’s comparable operating result was in the third quarter of 2020 better than in the second quarter. Based on preliminary unaudited information the comparable operating result was approximately EUR 115 million in the third quarter of 2020. Metsä Group will publish the January-September 2020 interim report on 29 October 2020.