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Arauco commits to slashing Scope 1 and 2 GHG emissions by 40.6% per ton of dry wood, and Scope 3 by 35.1% by 2030, as verified by Science Based Targets initiative; move aims to reduce emissions by 1.5 million tons of CO2 by 2030
Published: May 01, 2024 by Arauco Wood Products Inc.
Zacks: UFP Industries' Q1 earnings beat estimate but net sales miss, with both metrics declining year-over-year, impacted by lower pricing and organic unit sales; company expects lumber prices will persist at lower, historically typical levels in 2024
Published: May 01, 2024 by Zack's Commentary
RBC reiterates Weyerhaeuser at outperform and trims target by US$1 to US$37, highlighting timberlands portfolio and competitive wood products business; company should benefit from tightening lumber market in 2024, despite softer lumber market conditions
Published: May 01, 2024 by RBC Capital Markets LLC
Canfor narrows Q1 net loss to C$64.5M from year ago's C$142M, sales relatively flat at C$1.38B from year ago's C$1.39B; Europe operations delivered positive results, Western Canadian operations benefited from rise in Western Spruce/Pine/Fir lumber prices
Published: May 01, 2024 by Canada Newswire
Canfor to acquire Domtar affiliate Resolute El Dorado's lumber, wood manufacturing facility in Union County, Arkansas, for US$73M; facility is located near key end markets, as Canfor plans for US$50M in upgrades, increased capacity to 175 mmbf/year
Published: May 01, 2024 by Canada Newswire

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