Suzano terminates talks to buy International Paper

The Tree Frog Forestry News
June 28, 2024
Category: Today's Takeaway

International Paper’s stock fell 9% on news that Brazilian pulpmaker Suzano terminated their acquisition talks. In other Business news: Stimson Lumber invests $50M to increase production; Weyerhaeuser sells 600 acres of timberlands; Ontario forest firefighters seek reclassification to increase wages; New Brunswick’s coal-fired Belledune plant may have a future with wood pellets; and severe weather continues to wreak havoc across the US. Meanwhile: the Cabinet Makers Association has a new board; and the Softwood Lumber Board released its Q1, 2024 Report.

In Forestry/Wildfire news: the US Environmental Protection Agency issued wildfire smoke information; Maine secures funds to foster resilient forest communities; the Churchill Falls fire threat diminishes; wildfires continue to ravage the Arctic Circle; Finland seeks to increase the GHG efficiency of its forests; and the list of internationally threatened species is up by 1000. 

Finally, the frogs will be celebrating Canada Day this long weekend. Back on the lillypad Tuesday! 

Kelly McCloskey, Tree Frog Editor

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