by Web Editor | Nov 2, 2015 | News
From: Panel World Staff
Jackson Morrill, president of Composite Panel Association, updated the executive committee’s recommendations on “policy positions” with regard to energy/biomass issues that impact wood fiber supply during the September Fall Meeting in Banff, Alberta.
CPA opposes government policies that distort the market for woody biomass raw material, Morrill noted, adding that market forces should determine all uses of wood and wood residuals for renewable energy; policies that have the direct effect of diverting biomass supply to subsidized energy should be avoided; and governments that choose to initiate policies intended to increase demand for biomass energy production should couple them with policies that increase the available long-term supply of wood to meet future demand of composite wood panels as well as new and growing markets for energy and other uses.
Morrill said CPA will stay silent on the carbon neutrality of wood-to-energy, noting however that forest derived biomass should be treated as carbon neutral where there is a sustainable growing forest; within carbon accounting frameworks, the composite panel industry’s use of wood residuals to make long-lived products should be treated as a higher value use than energy recovery; the composite panel industry’s use of wood residuals is an important alternate use that should be considered when determining the scope of “qualified biomass” under the U.S. EPA Clean Power Plan.
Morrill said CPA will advocate that composite wood products be recognized for their carbon sequestration benefits; that public policies should recognize that sustainably managed forests and forest products sequester and store carbon and reduce CO2; the use of biomass in creating long-lived products that serve as carbon sinks should be formally recognized in any carbon calculations that might be referenced in a future carbon economy.
by Web Editor | Mar 11, 2015 | News
The Canadian OSB manufacturer Ainsworth Lumber Co. has reported another strong growth in its overseas operations, which focus on serving Asian markets, in the 2014 financial year.
Shipments to Japan were just shy of the previous year at 224.1m sqft (3/8″ basis). Exports to other overseas markets more than tripled to 120.5m sqft. This upswing was primarily driven by the addition of China as a selling market last year.
Deliveries to the U.S. improved 10 % to 1.257bn sqft. Ainsworth reaped the rewards of the weaker Canadian dollar against the U.S. dollar here. However, Ainsworth sold just 152.3m sqft in Canada. Ainsworth’s total sales thus increased 9 % to 1.755bn sqft or about 1.550m m³ last year. Production rose by a similar amount to 1.751bn sqft.
This growth was primarily fueled by Ainsworth ramping up output at its mill in High Level, Alberta, which resumed operations in the third quarter of 2013. This factor offset longer market-related downtime than the previous year at its three other facilities.
From EUWID: https://www.euwid-wood-products.com/news/roundwoodsawnwood/single/archive/2015/march/Artikel/ainsworth-shipped-more-osb-to-asia-last-year.html
by Web Editor | Feb 27, 2015 | News
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump.
Interfor Corp., for example, posted record sales of $1.4 billion in 2014 and record production of 2.2 billion board feet. Stock values and market caps of B.C.’s three largest forestry companies – Interfor, Canfor Corp. and West Fraser Timber Co. Ltd. – have soared since the end of 2011. Canfor’s share prices have increased almost 180%, West Fraser’s more than 220% and Interfor’s a whopping 410% since the end of 2011. Based on market cap ($6 billion), West Fraser is now B.C.’s seventh-largest publicly traded company.
But that increase in production and stock value is largely attributable to recent acquisitions of sawmills in the U.S., not to a boom in their B.C. operations. In fact, Canfor and Interfor have both closed mills in B.C. in recent years. Warmer winters that led to a massive die-off of pine from the mountain pine beetle infestation are largely to blame.
B.C.’s largest forestry company, West Fraser, now owns 15 American sawmills, compared with just seven in B.C. and five in Alberta. About 36% of its shipments of lumber now come from its U.S. mills, said Rodger Hutchinson, West Fraser’s vice-president of investor relations. Interfor owns five sawmills in B.C., nine in the U.S. and will add another four U.S. mills this year. About 43% of Interfor’s current production capacity is in B.C., 57% in the U.S. Canfor owns 12 sawmills in B.C., one in Alberta and 10 in the U.S. It also owns four pulp mills in B.C., one wood bioenergy plant in Alberta and one in B.C.
From Business Vancouver: https://www.biv.com/article/2015/2/shrinking-timber-supply-sends-bc-companies-us-mill/
by Web Editor | Feb 11, 2015 | News
From: Panel World Staff
Norbord Inc. and Ainsworth Lumber Co. Ltd. announced that the Supreme Court of British Columbia has granted a final order approving the previously announced merger of Norbord and Ainsworth. Meanwhile Norbord and Ainsworth are providing the U.S. Dept. of Justice with the information it has requested about the transaction. Subject to the satisfaction of all closing conditions, the transaction is expected to close by the end of the first quarter.
The merger would create the largest OSB producer in the world with an OSB production capacity of 7.7 billion SF, according to the companies.
Norbord, based in Toronto, operates seven OSB North American mills, (six of them in the U.S. South) with one mill in Quebec, along with four mills in Europe. Ainsworth, based in Vancouver, BC, operates four Canadian OSB mills—three in Western Canada and one in Ontario. Prior to this transaction, Norbord reported it was third in OSB production capacity behind Louisiana-Pacific and Georgia-Pacific.
The new company will have opportunities to increase capacity through the expansion of Norbord’s OSB production in Western Europe, the restart of Norbord’s two idled mills in North America, and the completion of Ainsworth’s second line in Grand Prairie, Alberta.
The combined company will operate under the Norbord name. Upon completion of the transaction, Norbord shareholders will own 63% and Ainsworth shareholders will own 37% of the combined company.
Read more on this story in the March issue of Panel World…
