Companies in Alberta’s forest products sector enjoyed substantially improved sales in 2010.
The Alberta Forest Products Association reports that the value of lumber, panelboard, pulp and paper shipments last year was $2.3 billion — a 25 per cent improvement over the same period in 2009.
The association attributed the higher numbers to better prices and increased volumes, with the pulp and paper sector particularly strong. Shipments in this category were valued at approximately $1.3 billion.
“Generally, the trend is encouraging,” said Brady Whittaker, the association’s president and CEO.
“Every quarter this year was better than the corresponding quarter for 2009. “The industry is still not exactly where we would like it to be, but things are definitely headed in the right direction. We still need the American economy to recover to ensure long-term viability for the industry.”
During the final three months of 2010, forestry product shipments from Alberta totalled $579.4 million. T
hat was up from $482.3 million in the same quarter of 2009.
The Alberta Forest Products Association is a private, non-profit industry organization.