Canfor Pulp Income Fund (the “Fund”) (TSX:CFX.UN) announced today that it has declared a cash distribution of $0.12 per Fund unit for the month of January, to be paid on February 15, 2008 to unitholders of record at the close of business on January 31, 2008.
Pulp production lost during this period is estimated to be approximately 28,000 tonnes.
Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, and the French starch and starch-derivatives company ROQUETTE have joined forces to implement and commercialize the fermentative production of biorenewable succinic acid, which – amongst other applications – opens the possibility to produce bio-based performance materials. By the end of 2009 a demonstration plant in Lestrem (France) will be operational.
Canfor Corporation (TSX:CFP) announced today that due to the continued poor wood product markets, a high Canadian dollar and record low oriented strand board (OSB) prices, it will be closing indefinitely its PolarBoard OSB and Tackama plywood mills in Fort Nelson, B.C. once existing log inventories are utilized and finished products shipped. This is expected to occur in April for the Tackama mill and during the summer for the PolarBoard operation.
Reporting on a fire on the evening of January 15, 2008 at its Prince George Pulp and Paper mill, Canfor Pulp Limited Partnership (the “Partnership”) (TSX:CFX.UN) confirmed today that damage was confined to the chip processing and chip in-feed facilities.
Fraser Papers Inc. (“Fraser Papers”) (TSX:FPS) announced today the temporary shutdown of its 70 MMfbm lumbermill in Ashland, Maine. Weak housing markets in the United States and resultant low lumber prices have contributed to unsustainable operating losses at the mill.
Weekend shifts in Belgium and ramped up production in China commence in January 2008 to meet increasing demand for rotatable targets
