Forest product companies enjoying a profitable year in third quarter

Alberta’s forest product companies continued to enjoy a profitable year in the third quarter of 2013.

Alberta’s forest product companies continued to enjoy a profitable year in the third quarter of 2013.

The Alberta Forest Products Association reported on Monday that its member companies combined for $669.8 million in sales during the three-month period ended Sept. 30. That figure was up 1.3 per cent from $661 million in the preceding quarter and an 8.9 per cent improvement over the $614.9 million posted in the third quarter of 2012.

“So far, 2013 has been a very positive year for our industry,” said Brady Whittaker, president and CEO of the Alberta Forest Products Association. “Prices have been relatively strong in each of our sectors.”

On a product-by-product basis, lumber sales in the third quarter were $290.2 million, up 17.1 per cent from $247.9 million during the same period in 2012; panelboard sales were $83.5 million, down nine per cent from $91.8; and the figure for pulp and paper was $296.1 million, up 7.6 per cent from $275.2 million.

Looking ahead, Whittaker expects the year to finish strong for Alberta’s forestry sector.

“Lumber and pulp prices have continued upward through October and November, and I believe that will be reflected when we finalize our results for 2013.”

Just Posted

Red Deer church donates to Safe Harbour

It was all about helping those in need at Safe Harbour in… Continue reading

Former firefighter with PTSD sues Syncrude over suspended benefits, dismissal

CALGARY — A lawsuit filed by a former firefighter and paramedic against… Continue reading

Call for tighter bail rules after Saudi sex-crime suspect vanishes

HALIFAX — Mohammed Zuraibi Alzoabi may have hoped to quietly disappear from… Continue reading

Democrats aren’t buying Trump’s shutdown-ending ‘compromise’

WASHINGTON — In a bid to break the shutdown stalemate, President Donald… Continue reading

Updated: Red Deer welcomes 2019 Canada Winter Games Team Alberta

About 250 Alberta athletes are participating in the Games

Students seen mocking Native Americans could face expulsion

One 11-minute video of the confrontation shows the Haka dance and students loudly chanting

Curtain rising Sunday night on total lunar eclipse

CAPE CANAVERAL, Fla. — The celestial curtain will be rising soon on… Continue reading

At 30-day mark, shutdown logjam remains over border funding

WASHINGTON — Thirty days into the partial government shutdown, Democrats and Republicans… Continue reading

Holocaust victims buried after remains found in UK museum

LONDON — The remains of six unidentified Holocaust victims were buried in… Continue reading

Giuliani: ‘So what’ if Trump and Cohen discussed testimony

WASHINGTON — President Donald Trump’s lawyer Rudy Giuliani left open Sunday the… Continue reading

Photos: Rocks fly at 37th Annual Oilmen’s Bonspiel

Twenty-nine teams gathered at the Pidherney Curling Centre in Red Deer for… Continue reading

Death toll reaches 79 in Mexico fuel pipeline fire horror

TLAHUELILPAN, Mexico — People in the town where a gasoline explosion killed… Continue reading

With Trump out, Davos chief eyes fixing world architecture

DAVOS, Switzerland — The founder of the World Economic Forum says U.S.… Continue reading

Mexican pipeline explosion kills 71, leaves nightmare of ash

TLAHUELILPAN, Mexico — Gerardo Perez returned Saturday to the scorched field in… Continue reading

Most Read