Canfor Corporation (TSX:CFP) announced today it will curtail operations at its Polar Sawmill located in Bear Lake British Columbia, north of Prince George, following an orderly wind-down. The curtailment is the result of a shortage of economically available fibre in the region and is expected to be in place for a period of approximately six months. The Company will continue to evaluate market conditions and fibre availability in the region and adjust operations accordingly.
https://www.canfor.com/investor-relations/investor-news-press-releases/news-detail/2023/11/14/canfor-announces-extended-curtailment-at-polar-sawmill
Related Posts
Stora Enso and Northvolt are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests. The aim is to develop the world’s first industrialised battery featuring anode sourced entirely from European raw materials, lowering both the carbon footprint and the cost. The companies have entered into a Joint Development Agreement to create a sustainable battery featuring anode produced from renewable raw materials sourced sustainably and locally in the Nordic countries. “The joint battery development with Northvolt marks a step on our journey to serve the fast-growing battery market with renewable anode materials made from trees. Our lignin-based hard carbon, Lignode® by Stora Enso, will secure the strategic European supply of anode raw material, serving the sustainable battery needs for applications from mobility to stationary energy storage,” says Johanna Hagelberg, Executive Vice President for Biomaterials at Stora Enso.
UPM has been listed in the Dow Jones European and World Sustainability Indices (DJSI) for 2021-2022 as the only company in its industry. The DJSI indices cover environmental, social and governance aspects of responsibility. “We are delighted and proud that our consistent commitment to sustainability has been recognised in this index for a decade,” says Sami Lundgren, Vice President, UPM Responsibility. “We congratulate UPM for being included in the Dow Jones European and World Sustainability Indices. DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is a testament to the growing movement for ESG disclosure and transparency,” says Manjit Jus, Global Head of ESG Research, S&P Global.
Q1/2018 highlights (vs Q1/2017 proforma): • Net sales EUR 572.4 million (EUR 566.9 million), an increase of 1.0%. In constant currency growth was 5.9%, driven by higher selling prices. • Continued good demand across most markets • Comparable EBITDA EUR 66.7 million (EUR 79.4 million), representing 11.7% (14.0%) of net sales in an environment of significant raw material cost escalation • Net profit EUR 21.2 million (EUR 24.2 million).