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Weyerhaeuser to Invest $1 Million in West Virginia Community
Prnewswire· 2025-10-06 20:30
Core Insights - Weyerhaeuser Company has committed to invest $1 million in Buckhannon, West Virginia, through its THRIVE program, which aims to support rural communities [1][2] - The THRIVE program is part of Weyerhaeuser's broader 3 by 30 Sustainability Ambition, focusing on long-term collaboration and investment in selected communities [3][4] Investment Details - The investment will be made over several years with input from local stakeholders, including elected officials and business leaders [1][2] - Buckhannon is the third community selected for the THRIVE program, following Zwolle, Louisiana, and Raymond, Washington [4] Community Engagement - Weyerhaeuser emphasizes the importance of engaging with local stakeholders to identify and prioritize community challenges [3][4] - Potential areas of focus in Buckhannon include youth education and workforce development [3] Company Background - Weyerhaeuser is one of the largest private owners of timberlands, managing approximately 10.4 million acres in the U.S. and Canada [5] - The company generated $7.1 billion in net sales in 2024 and employs around 9,400 people [5]
Acadian Timber Corp. Announces $2.5M Investment in UNB’s Digital Forestry Program
Globenewswire· 2025-09-22 21:05
Core Insights - Acadian Timber Corp. and its largest shareholder Macer Forest Holdings Inc. are investing $2.5 million over 5 years in the University of New Brunswick to promote innovation in digital forestry [1][2] - The investment will create a new digital stream within UNB's master of forestry program and fund infrastructure upgrades [1][2] - This initiative aims to integrate AI, remote sensing, and digital modeling into sustainable forest management, providing students with hands-on experience [2] Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3] - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for 1.3 million acres of Crown licensed timberlands in New Brunswick [3] - Acadian's primary business includes forest management and the production of timber products, such as softwood and hardwood sawlogs, pulpwood, and biomass by-products [3] Business Strategy - Acadian's strategy focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [4] - The company aims to grow its business by acquiring assets and actively managing them to enhance performance [4] - Acadian's shares are traded on the Toronto Stock Exchange under the symbol ADN [4]
Tornator grows and creates value sustainably – Group revenue increased by 23%. Tornator’s vision is to continue balanced growth also in the coming years
Globenewswire· 2025-08-22 12:00
Core Viewpoint - Tornator reported a significant growth in revenue and profit for the first half of 2025, with a focus on sustainable growth and strategic partnerships, particularly in the timber market [1][6][9]. Financial Performance - Net sales increased by 23% to €104.5 million compared to €85.1 million in H1 2024 [2][5]. - Operating profit (IFRS) rose by 39% to €84.4 million from €60.8 million [2][5]. - Profit for the period (IFRS) increased by 44% to €57.7 million from €40.1 million [2][5]. - Return on equity improved to 5.1% from 3.7%, while return on capital employed rose to 5.5% from 4.2% [2][5]. Operational Highlights - The volume of wood deliveries remained stable, but strong demand led to increased unit prices [6]. - Tornator acquired nearly 12,000 hectares of new forest, with investments totaling approximately €60 million [6][9]. - Timber deliveries reached approximately 1.6 million cubic meters, generating €95.5 million in revenue [18]. Strategic Vision - Tornator aims to grow its forest assets to one million hectares by 2035, representing a 25% increase, with projected annual revenue exceeding €400 million [6][15]. - The updated growth strategy focuses on quality, added value, and sustainability, emphasizing human well-being and responsible partnerships [8][15]. Market Environment - The demand for renewable and sustainably produced wood remains positive, with timber market prices in Finland continuing to rise due to high demand [9][21]. - The forest industry is experiencing moderate improvement, with competition for raw wood expected to remain tight [20][26]. Sustainability Initiatives - Tornator is committed to biodiversity and climate programs, including the restoration of peatlands and partnerships with organizations like WWF Finland [11][13]. - The company emphasizes responsible treatment of the workforce throughout its contractor chain, ensuring good working conditions [12]. Financial Position - The financial position remains strong, with cash flow from operations before financial items and taxes at €42.0 million, up from €34.8 million [23]. - Interest-bearing debt totaled €1,043.6 million, with a significant portion being long-term [23][24]. Future Outlook - Tornator expects strong and stable cash flow and debt servicing capacity for the remainder of the year, with continued positive demand for wood [25][26]. - The company plans to advance wind and solar power projects where feasible, despite current market uncertainties [10][26].
LAKE BABINE NATION AND WEST FRASER PARTNERSHIP STRENGTHENS B.C.'S FOREST SECTOR
Prnewswire· 2025-07-24 18:30
Core Points - The Government of British Columbia has approved a new First Nations Woodland Licence in the Smithers area, marking a significant milestone in the partnership between West Fraser Timber Co. Ltd. and Lake Babine Nation Forestry Limited Partnership [1][2] - This new licence is a result of contributions from West Fraser and LBN Forestry, aimed at enhancing timber tenure collaboration in British Columbia's forest sector [1][5] Company Overview - West Fraser is a diversified wood products company with over 50 facilities across Canada, the United States, the United Kingdom, and Europe, focusing on sustainable forest practices [8] - The company produces a variety of products including lumber, engineered wood products, pulp, and newsprint, which are utilized in home construction and industrial applications [8] Indigenous Partnership - The partnership between West Fraser and Lake Babine Nation is designed to integrate Indigenous knowledge with modern forestry practices, ensuring sustainable resource management and economic opportunities for the Lake Babine Nation [3][4] - Lake Babine Nation has established its forestry company in 2016, emphasizing the importance of growing its role in forestry and forest management [9] Economic Impact - The collaboration is expected to create jobs and strengthen the forest economy in British Columbia, benefiting local communities [8] - The new licence builds on previous agreements, including a Joint Development Agreement signed in April 2024 and a Log Supply and Forest Management Agreement signed in January 2025, indicating a long-term commitment to this partnership [7]
Volatus Aerospace Supports J.D. Irving, Limited's Vision for Drone-Powered Tree Planting in New Brunswick
GlobeNewswire News Room· 2025-06-23 13:05
Core Insights - Volatus Aerospace Corp. has formed a strategic collaboration with J.D. Irving, Limited to enhance tree planting operations in New Brunswick using advanced drone technology [1][3] - The initiative aims to improve efficiency, scalability, and environmental impact in forestry management [1][4] Company Overview - Volatus Aerospace is a leading provider of integrated aerial intelligence and logistics solutions, serving various industries including public safety, healthcare, energy, agriculture, and environmental management [6] - J.D. Irving, Limited is a private, family-owned company with a strong commitment to sustainable forestry practices, having planted over 1.1 billion trees since 1957 [8] Project Details - The project will utilize a heavy-lift Remotely Piloted Aircraft System (RPAS) to transport seedlings and supplies to planting crews in remote areas [2][7] - Operations will be managed from Volatus' centralized Operations Control Centre in Vaughan, Ontario, allowing for real-time oversight and reduced environmental impact compared to traditional logistics [2][4] Market Context - The global tree planting services market is projected to grow from $7.2 billion in 2023 to $12.5 billion by 2031, highlighting the potential for drone logistics in this sector [3] - Drone-based seedling delivery is identified as a scalable, low-cost solution that aligns with sustainability priorities and enhances long-term value in the carbon market [4]