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Materials and Metals Paper and Forest Products

  • LePage's comments drew criticism from Jason Brochu, co-owner of Pleasant River Lumber in Maine, who said the governor shouldn't be using hurricanes "as a political ploy. The lumber trade, he said, "flows almost seamlessly back and forth between Maine, Quebec and New Brunswick. Indeed, Maine's largest landowner is a Canadian company, Irving Woodlands, and it...

  • SAO PAULO, July 25- Brazilian stocks hit a one-month high on Tuesday as a rally in the prices of commodity boosted shares of local blue-chips Vale SA and Petróleo Brasileiro SA. Bradespar SA, a key Vale shareholder, were the biggest gainers on Brazil's benchmark Bovespa stock index. Rising crude futures also lifted shares of Petrobras, as Brazil's...

  • July 23- Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to C $4.75 per share, valuing the deal at C $475 million, excluding debt. Oaktree Capital Management LP, Tembec's top shareholder which earlier opposed the deal, and another shareholder Bennett Management agreed to vote for the revised...

  • July 23- Rayonier Advanced Materials said it raised its offer price for Canada's Tembec Inc to C $4.75 per Tembec share, valuing the deal at C $475 million, excluding debt. Rayonier, which makes high-value cellulose specialties fibers, said in May it would buy Tembec for C $4.05 per share, to expand into packaging and forest products. The revised terms are approved...

  • July 17- Tembec Inc's largest shareholder, Oaktree Capital Management LP, asked other shareholders to reject Rayonier Advanced Materials Inc's deal to buy the Canadian paper and cellulose pulp maker, saying it was a "flawed" sale process. Oaktree, which owns a 19.9 percent stake in Tembec, said on Monday there is a significant value gap between Rayonier's offer...

  • CALGARY, Alberta, July 11- Rapidly spreading wildfires in British Columbia are set to tighten the supply of wood products and raise prices as they disrupt timber operations during the year's peak building season, industry and analysts said on Tuesday. Forestry products are a significant driver of the economy of British Columbia, which bills itself as the...

  • CALGARY, Alberta, July 11- Rapidly spreading wildfires in British Columbia are set to tighten the supply of wood products and raise prices as they disrupt timber operations during the year's peak building season, analysts said on Tuesday. Forestry products are a significant driver of the economy of British Columbia, which bills itself as the world's biggest...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage their businesses. Freight Management Association of Canada, which represents agriculture, mining, forest products and other sectors, wrote to...

  • May 25- Rayonier Advanced Materials said it would buy Canada's Tembec Inc for $807 million including debt to expand its business into packaging and forest products, sending Tembec's shares to a five-year high on Thursday. The deal comes at a time when Canada is resisting a move by the United States to impose tariffs on Canadian lumber imports.

  • *Hygiene ops Q1 adj EBIT 2.90 bln SEK vs consensus 2.85 bln. STOCKHOLM, April 27- SCA will list its hygiene operations in June, the Swedish company said on Thursday, as it pursues a plan to split the business from forest products. Europe's largest private forest owner has grown the hygiene business, which produces tissues and nappies as well as incontinence and...

  • OTTAWA, April 26- Canada and the United States have made progress in recent days on a dispute over Canadian lumber exports "but we are not there yet", Canadian Foreign Minister Chrystia Freeland said on Wednesday. Freeland, speaking to reporters on a conference call, also said the United States should treat Canada with respect, given that Canada is a major supplier...

  • "It is bad for British Columbia but not necessarily bad for the lumber companies," said Norman Levine, managing director, Portfolio Management Corporation. Shares in West Fraser Timber Co, which would pay the highest duty rate of the affected companies, rose 8.6 percent to C $61.22, its highest point since July 2015, while Canfor Corp stock gained 6.4 percent to C...

  • TORONTO, April 25- Canada's main stock index touched a two-month high on Tuesday, led by gains for heavyweight financial and energy stocks, while shares of lumber companies rallied after new U.S. import duties on the product came out lower than some investors had expected. Shares in West Fraser Timber Co Ltd, which would pay the highest duty rate of the affected...

  • *Canada says disagrees strongly with the U.S. Department of Commerce's decision to impose an "unfair and punitive duty" on softwood lumber exports. *Canada government says will vigorously defend the interests of domestic softwood lumber industry, including through litigation. *Canada says will continue to press U.S. to "rescind this unfair and unwarranted...

  • *Private equity firms reported to bid $22 bln for SCA hygiene arm. STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA last week formally approved a proposal to split into two listed...

  • STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA said last year it planned to split into two listed units, a hygiene products firm and a forestry company. The split was formally...

  • STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA said last year it planned to split into two listed units, a hygiene products firm and a forestry company. The split was formally...

  • BRASILIA, March 27- The board of Brazilian miner Vale elected as chief executive Fabio Schvartsman, who currently heads wood pulp and paper producer Klabin SA, the company said in a securities filing on Monday.

  • IP CEO: We need better infrastructure to get product to market

    Mark Sutton, International Paper CEO talks about the rising global demand for paper products and what it indicates about economic growth.

  • Weyerhaeuser will purchase Plum Creek Timber in a deal the two companies said would create a $23 billion timber, land and forest products company.