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West Fraser Timber to buy Bibler Brothers lumber operation in Arkansas

VANCOUVER - West Fraser Timber Co. Ltd. (TSX:WFT) has struck a deal to buy the Bibler Brothers lumber sawmill and manufacturing operations in Arkansas. The Bibler operation is about 130 kilometres from a sawmill that the Vancouver-based company recently acquired in Mansfield, Ark. and will be the fourth West Fraser operation in that state. The Arkansas acquisitions are part of West Fraser's plans to expand in the U.S. South and Western Canada, where it has its base. Financial details of the Bibler deal were not released.

Canadian softwood lumber exporters to get refunds following ruling

OTTAWA - Canada says it has won an international ruling on export charges levied under the Canada-U.S. softwood lumber agreement. Trade Minister Ed Fast says the London Court of International Arbitration has ruled in favour of the Canadian position that export charges should not have been applied after the termination of the 2006 agreement. The ruling impacts only producers in Quebec and Ontario. Fast says in a news release that Ottawa will now cease collecting export charges from producers and refund any that were collected after October 2013.

Saskatchewan sawmill about to shut down; workers given layoff notices

PRINCE ALBERT, Sask. - A Saskatchewan sawmill is shutting down and its remaining 12 workers have been given layoff notices. Operations at Carrier Forest Products in the Prince Albert area are to cease entirely later this month. Shane Vermette (ver-METT') with the Ministry of Economy says the downturn of the forest industry in 2006 continues to be felt. He says it's been difficult ever since to find contractors to run logging equipment and trucks to deliver timber, so it's not feasible to run both mills.

Ottawa investing another $600,000 to help spur lumber exports to India

MONTREAL - The federal government is investing an additional $600,000 to spur efforts to boost lumber exports to India, a potentially large market that's home to about 1.2 billion people. Natural Resources Minister Joe Oliver announced the funding to Forest Innovation Investment India (FII India) during a trade mission. Ottawa has already provided $1.6 million to FII India, which is also funded by the B.C. government. The initiative showcases the use of Canadian wood to makers of office furniture, doors and window manufacturers, and builders.

Ottawa investing another $600,000 to help spur lumber exports to India

MONTREAL - The federal government is investing an additional $600,000 to spur efforts to boost lumber exports to India, a potentially large market that's home to about 1.2 billion people. Natural Resources Minister Joe Oliver announced the funding to Forest Innovation Investment India (FII India) during a trade mission. Ottawa has already provided $1.6 million to FII India, which is also funded by the B.C. government. The initiative showcases the use of Canadian wood to makers of office furniture, doors and window manufacturers, and builders.

West Fraser Timber CEO says U.S. housing market improving though slowly

VANCOUVER - The head of West Fraser Timber warned Tuesday that demand for lumber can be volatile through the winter as the recovery in the U.S. housing market continues to be slow. Lumber prices were up in the third quarter, helping boost the Vancouver-based company's revenue and profit, but West Fraser CEO Ted Seraphim told analysts that he was wary. "Lumber demand has been relatively strong in October," he said. "Nevertheless, we are still early in the recovery of the housing market and as such, we should expect some volatility in lumber and panel markets over the winter."

Canadian lumber producers say higher demand in China, U.S. should boost prices

MONTREAL - There's no sign that China's appetite for lumber is waning despite its somewhat slower economic growth, according a top executive of West Fraser Timber who sees demand remaining strong not only for his company but for other producers as well. West Fraser (TXX:WFT) vice-president Chris McIver says the Vancouver-based company has shifted its sales efforts inland from China's coastal markets because it believes there's still plenty of demand for lumber.

Logging industry axes production with government shutdown

By Laura Zuckerman SALMON, Idaho (Reuters) - Brad Jensen has fought for decades to keep his Idaho sawmill afloat, buying and cutting logs from federal lands to sell in the boom-and-bust U.S. construction industry. But the government shutdown in Washington has forced his family-owned business to grind to a halt, as forests have been closed to loggers amid the ongoing Congressional impasse.

Canfor closes deal to acquire Scotch & Gulf Lumber for approx. $80 million

VANCOUVER - Canfor Corp. (TSX:CFP) has closed a deal to buy Alabama-based Scotch The acquisition will take place over a three-year period, with Canfor acquiring a 25 per cent interest in the lumber producer during the first phase. Scotch is headquartered in Mobile Alabama and has sawmills in Mobile, Fulton and Jackson, Alabama. The company makes lumber products from Southern yellow pine and has a production capacity of 440 million board feet. The deal was first announced at the end of May.

Interfor logs $15.8 million in Q2 on record quarterly revenue

VANCOUVER - International Forest Products Ltd. (Interfor) has reported net income $15.8 million, or 28 cents per share, in the second quarter compared to $100,000 in the second quarter of 2012. The company (TSX:IFP.A) says it achieved record quarterly sales revenue in the quarter at $274.7 million — an improvement of $49.3 million over the same quarter last year. Lumber shipments reached a record 433 million board feet in the three-month period and reflects the acquisition of the three U.S. Southeast sawmills on March 1, 2013, together with stronger North American demand.
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