West Fraser Timber reports net loss of $153M as sales soften

The Tree Frog Forestry News
February 15, 2024
Category: Today's Takeaway

West Fraser Timber reported a net loss of $153 million as sales soften. In related news: Louisiana Pacific’s Q4 sales fell 7%; Enviva prepares to file for bankrupcty; North Carolina has a power pole problem; US builder sentiment rose again; Canadian housing starts fell 10%; and Europe’s pulp and paper production declined in 2023. Meanwhile, Forest Professionals BC honours its 2023 award winners; and Forest Ontario welcomes 4 new Board members.

In Forestry/Climate news: Albany researchers use molecular chemistry to protect trees; Maine researchers assess climate change risk on forests; Alberta is accused of running out the clock on caribou; BC is faced with a selling job on proposed changes to Land Act; and both Manitoba and Quebec First Nations express concern over local logging plans. 

Finally, scientists use wood nanocrystals to mend broken hearts. 

Kelly McCloskey, Tree Frog Editor

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