BC Forestry Losses

first_imgCanadian forest companies continued to bleed red ink in the third financial quarter.PriceWaterhouse-Coopers analyst, David Thompson says, the companies lost 552 million dollars, on top of more than one billion, in the first six months of this year.Domtar was the only publicly-reporting, Canadian company, to show a third quarter profit…45 million.All Western companies lost money — a combined 230 million, compared to 132 million, in the same quarter a year ago.Locally, Peace Valley OSB plant, general manager, Chris Baby, is scheduled to hold a Year in Review news briefing, tomorrow morning, which we’re told will include a markets and mill outlook, for 2009.Recall last year the plant shutdown, from December 24th to January 2nd, with the slowdown in the wood product’s industry cited, as the reason. – Advertisement –last_img read more