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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I am pleased with the result we were able to produce for the second quarter of 2024. We are back to net sales growth, our underlying profitability improved, both sequentially and versus the same period a year ago, and we delivered yet again a solid cash conversion for the quarter. Demand for our products improved during the quarter, partly due to supply and logistics disturbances within our industry that worked in our favor. This helps us in the short to medium term, but end consumer demand has not strengthened significantly over the past months. We remain cautiously optimistic going forward about gradually improved market conditions. We have adopted an agile mentality to adjust to fast-changing market conditions, which we consider to be the new normal.
Effective with shipments May 16, 2018, transaction pricing for the following products will increase approximately 5%-7% in the US and Canada: • Printing and Publishing grades • Domtar Reply Card Rolls and Sheets • EarthChoice® Colors Multipurpose, Hots Text and Cover, Index, Tag and Vellum Bristol • EarthChoice® Opaque Offset 30% Rolls and Sheets • EarthChoice® Tradebook • Husky® Opaque Offset Rolls and Sheets • HuskyJET® Rolls including processed rolls • Lynx® Opaque Ultra Rolls and Sheets • Converting grades • Engineering Laser Bond • Enterprise Postal Advantage™ • Laser Forms Bond including processed rolls and box forms • White Wove Envelope • Business Papers • Business Papers products including all Domtar mill, private label brands and custom cut sheet products • Xerox® Vitality®, Bold Professional™, Bold Digital™ and Revolution™ products. Price increases apply to all pack types; rolls, folio and cut size. All current standard differentials and upcharges remain in effect.
According to the report, total printing-writing paper shipments decreased 25 percent in June compared to June 2019. U.S. purchases of total printing-writing papers decreased 25 percent in June compared to the same month last year. Total printing-writing paper inventory levels decreased six percent when compared to May 2020. U.S. purchases of uncoated free sheet (UFS) papers in June decreased 28 percent compared to last June while the inventory level decreased eight percent compared to May 2020. UFS imports and exports both decreased compared to May 2019, down 26 percent and 44 percent respectively. Coated free sheet (CFS) paper shipments decreased 13 percent compared to June 2019 while the inventory level decreased two percent compared to May 2020. CFS imports increased two percent while exports decreased 42 percent in May 2020. click read more for additional statistics