Holders of more than 87% of the senior notes and a majority of shareholders back the plan, which cuts about $96 million of annual interest and brings in $400 million of new money. Existing shareholders will keep about 8.5% of the new common stock.
Wood Industry News from Canada
This page covers 5,950 news items about Canada. Latest topics: Mercer International to file prepackaged Chapter 11, swap $1.1 billion of notes for equity; U.S. construction spending, jobs data and lumber producers' results lead week's releases; Canada's Seatply to buy North Carolina curved plywood maker Autumn House, its first U.S. plant.
Canadian sawmill output, U.S. factory and jobs data, and Brazil's trade balance are also scheduled.
The Montreal furniture components producer said it will spend several million dollars on new machinery at the Granite Falls plant.
Canada remained the largest supplier as its share rose 4.1 pp; Romania's shipments rose 9.7% and Germany's fell 48.6%.
Minnesota-based Andersen, which bought the window and door maker in 2017, did not disclose terms; the deal is expected to close in December.
Vietnam remained the largest supplier as its share fell 4.9 pp; China’s shipments rose 13-fold and Canada’s fell 17.7%.
Stronger softwood lumber markets lifted prices while New Brunswick softwood volumes fell; Acadian expects sawlog demand and prices to remain stable until end-use markets improve.
The company expects its annual electricity costs to rise by at least C$10 million after N.B. Power began selling surplus power outside New Brunswick at market prices.
Most of the funding is a repayable contribution under Canada's Regional Tariff Response Initiative.
The publicly owned mill expects the shutdown to last about two months, until frozen ground lets crews reach hemlock stands.
The changes take effect October 30; new 50% duties also cover hardboard, wood moldings, wooden boxes and kraft paper.
Prices fell 0.2% month over month in September.
The pulp maker skipped a $25.8 million interest payment on October 1 and is negotiating a recapitalization with bondholders.
Prices fell 4.1% from August but remained up 11.5% from a year earlier; Canada's broader factory-gate prices were up 14.5% year over year.
The first installation, at Quebec hardwood sawmill Scierie Carrière, has raised productivity by up to 5%.
Index slips $1 from previous week, marking $6 decline over the past month.
Residential investment edged down 0.3% from the previous month, with single-family investment down 1.3% from the previous month.
Brazil remained the top supplier as its share fell 4.1 pp; Thailand grew 25.9% and Brazil fell 14.1%
New Zealand stayed the largest supplier as its share rose 1.4 pp; Japan had the largest increase, with shipments up 18.1%
Russia remained the largest supplier as its share rose 0.5 pp; Chile's shipments rose 1.5 times and Finland's fell 26.3%
The party also promises faster permits and compensation for licensees when tenure is reallocated.
The company's second mill in New Brunswick, in Atholville, will keep operating.
Canadian construction investment, Japanese and Finnish trade data, UK producer prices and quarterly results from forest products and homebuilding companies are also scheduled.
Vietnam remained the largest supplier as its share rose 8.3 pp; Canada had the largest decline, with shipments down 61%.
Paper manufacturers' sales rose 1.0% to C$2.57 billion.
Residential permits rise 15.3% from July; single-family permits edge down.
The proposed centre will match wood supplies to manufacturers’ requirements and develop a model for other regions.
United States remained the largest buyer as its share fell 9.1 pp; Thailand's share rose 4.9 pp.
Japanese corporate goods prices, Slovenian roundwood purchases, Swedish felling notifications, Chinese producer prices and U.S. import prices are scheduled.
Local managers, unionized workers and First Nations aim to restart production after the October shutdown.
Training and testing are underway on sellable roof truss production runs at the new 42,000-square-foot automation facility.
The United States remained the largest buyer as its share rose 7.4 pp; Guatemala's purchases rose 19% and Peru's fell 36%.
Index falls $20 from one month ago while remaining flat from previous week.
EU producer prices and Canada sawmill production are due Monday.
Canada became the largest supplier with a 25.0% share by value; the top five countries accounted for 74.5% of import value.
The acquisition adds bandsaw, circular saw, industrial knife and saw-shop operations in New Zealand and Australia.
Bell takes the role after serving as corporate finance manager and operations controller.
Index falls $13 from one month ago with 3% decline since late August.
Index drops $7 from one month ago following $11 decline since early September.
Residential investment edged up 0.3% from the previous month, with single-family investment up 3.5%.
Residential permits fell 8.9% from the previous month, with the single-family component down 6.2%.
The seven-year facility will provide liquidity as the lumber producer plans to restore two-shift operations.
Six-colour offset press added in Indianapolis; upgrades planned in Chicago and Naperville.
The projects could create more than 200 jobs and add annual demand for over 100 thousand tonnes of forest biomass.
Thunder Bay Pulp and Paper plans boiler and chemical-plant upgrades expected to raise daily kraft production by 11% and increase its use of forest biomass.
Prices fell 1.2% from July but remained up 8.6% from a year earlier; Canada's broader factory-gate prices were up 13.5% year over year.
Dealers report higher supplier prices, reduced Canadian shipments and longer lead times after the duties took effect.
Customers will keep their existing brand relationships while gaining access to a broader range of cutting products and expertise.
Index falls $5 from one month ago despite $7 gain since early September.
The exploration will examine timber production, multiple use, conservation and protection across public forests.
The expansions will create greater opportunities for local forest management and help maintain fibre supplies for local facilities.
Regional constraints, limited plantation expansion and infrastructure barriers will restrict how much additional softwood roundwood reaches markets.
The project will add prefabricated floors, roof panels and stairs to the company’s existing wall systems.
Index drops $18 from one month ago but rises $41 year-over-year with 9% gain.
TFL 30 covers approximately 180,000 hectares about 50 kilometres northeast of Prince George in the Prince George Natural Resource District.
The mill, formerly operated by Domtar, was idled in 2024 after the company announced plans to close the facility.
Projects in Chapleau and other northern communities will modernize mills, expand biomass use and maintain bioenergy operations.
Index drops $37 from one month ago with 7% decline since July 2026.
The modeled expansion would also increase the role of lumber suppliers, with dimension lumber the largest intermediate input.
Index falls $24 from one month ago with 4% decline since July 2026.