Canfor Pulp Products Inc. (“Canfor Pulp”) is announcing the curtailment of Prince George Pulp and Paper and Intercontinental Pulp for approximately four weeks starting July 6, 2020. “We have made the difficult decision to temporarily curtail Prince George Pulp and Paper and Intercontinental Pulp due to the major global economic impacts of the COVID-19 pandemic […]
Lowe’s Reports First Quarter 2020 Sales and Earnings Results
Lowe’s Companies, Inc. (the “Company”) reported net earnings of $1.3 billion and diluted earnings per share (“EPS”) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings of $1.0 billion and diluted EPS of $1.31 in the first quarter of 2019. First quarter adjusted diluted EPS of $1.77 was 45 percent higher […]
Koppers Holdings, Inc. Provides First in a Series of Monthly Updates
Koppers Holdings, Inc., an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds, today reported its regularly scheduled monthly business update and will conduct a conference call and related webcast at 11:00 a.m. Eastern Time today. This is part of an ongoing series to share recent developments and highlight strategic initiatives […]
International Paper Commits 2 Million Boxes for COVID-19 Relief
Food banks around the world are experiencing dramatic increases in demand for food assistance driven by the economic impact of the COVID-19 pandemic. Now, more than ever, food banks need support. International Paper is responding with one of its essential products – corrugated boxes. The company has committed to donating two million corrugated boxes to […]
Ace Hardware Reports Record First Quarter 2020 Results
Ace Hardware Corporation (“Ace” or the “Company”), the largest retailer-owned hardware cooperative in the world, reported record first quarter 2020 revenues of $1.43 billion, an increase of $51.9 million, or 3.8 percent, from the first quarter of 2019. Net income was $36.2 million for the first quarter of 2020, an increase of $13.6 million from […]
Mortgage Applications Decrease in May 15th MBA Weekly Survey
Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 15, 2020. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]
Paal Kibsgaard Named CEO of Katerra
Katerra, a technology company redefining the construction industry, announced that Paal Kibsgaard has been named CEO. Paal joined Katerra in 2019 as its Chief Operating Officer and has served on Katerra’s Board of Directors since 2016. In addition to this appointment, Katerra has raised several hundred million in new financing from SoftBank Vision Fund. The […]
Report: San Group Says Union Deal With Mosaic Will Kill Fibre Supply Chain
According to a local news report, SanGroup Inc. (HQ: Langley, BC) ownership believes that increasing exports of raw logs will take away fibre needed for the Canadian market. Alberni Valley News reports that ownership feels a “landmark agreement between the United Steelworkers Local 1-1937 and Mosaic Forest Management is going to further hurt the fibre supply chain on Vancouver Island”. Furthermore, “Kamal […]
Verso Corporation Broadens Manufacturing Capability to Produce OptiLabel™ Face Stock Papers
Verso Corporation (“Verso”), a leading producer of label face stock and release liner papers, today announced that its Quinnesec, Michigan, paper mill has broadened its manufacturing expertise to produce OptiLabel™ face stock papers. “Verso remains committed to product innovation and development for unique specialty label applications, which creates value for our customers,” said Verso Vice […]
U.S. Census Bureau: Monthly New Residential Construction, April 2020
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for April 2020: Building Permits Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,074,000. This is 20.8 percent (±0.9 percent) below the revised March rate […]