Canfor Corporation is pleased to announce it will invest approximately $210 million USD to build a new, state-of-the-art sawmill complex in southern Alabama. Using leading technology, the new sawmill will have an annual production capacity of 250 million board feet on a two-shift basis and will provide a new, modern work environment for the approximately 130 people who will be employed directly, in addition to supporting significant indirect jobs. In alignment with our sustainability goals and decarbonization targets, the facility design includes investment in a biomass-fueled lumber drying system. Startup of the facility is anticipated in the third quarter of 2024. “Building on Canfor’s proud operating history in Alabama, we are excited to invest in a new world-class facility that will ensure our long-term ability to operate competitively. In addition, the facility’s versatility and flexibility will enhance our ability to more closely align our production of high-quality products with market demand,” said Don Kayne, President and CEO, Canfor.

Xerox (NYSE: XRX) announced today that its board of directors declared a quarterly cash dividend of $0.25 per share on Xerox common stock. The dividend reflects the one-for-four reverse stock split that became effective on June 14, 2017. The dividend is payable on October 31, 2017 to shareholders of record on September 29, 2017.

UPM Biofuels has received a sustainability certificate for the cultivation of the Brassica carinata crop - a new feedstock for biofuel production - in Uruguay. The RSB (The Roundtable on Sustainable Biomaterials) certification in biofuel feedstock production complements UPM Biofuels' existing sustainability certifications like ISCC (International Sustainability and Carbon Certification) and RSB certifications for its UPM BioVerno biofuel production. "RSB certification acknowledges our strong commitment to sustainability in all operations, now also in biofuel feedstock production with local farmers. This is also the first RSB certificate in Uruguay and creates new sustainable practices for agriculture," says Liisa Ranta, Manager, Sustainability, UPM Biofuels Development.