2018 International Forest Industries IFI June July 2018 Digital | Page 22

LUMBER PROCESSING NEWS Canfor Southern Pine invests $40 million in its dimension lumber mill in Camden, South Carolina Canfor Southern Pine, a leading integrated forest products company, will upgrade its existing Camden, South Carolina sawmill in Kershaw County. The company is projected to invest $40 million in the project, as South Carolina Dept. of Commerce reports. The company’s Camden facility has been in operation since 1983 and manufactures dimension lumber. To accommodate its continued growth, Canfor will be installing a new planer mill, as well as new equipment throughout the sawmilling operation to address critical areas that limit production capacity. The expansion will begin this year and is expected to be completed in the 4Q 2019. Canfor Southern Pine Vice President of U.S. Operations (East) Keith McGregor said: “The Camden facility has always been one of our top-performing mills. This $40 million capital investment will increase capacity by 50%, making it our highest-producing facility in the Southern U.S. The project will also further enhance our first quartile performance in safety and quality. With this major investment, the Camden plant will continue to be a stable and significant employer in this region, paying good wages and benefits to our valuable employees.” Keith McGregor Canfor Southern Pine Vice President of U.S. Operations (East) CatchMark 1Q revenues increased by 4% to $24.1 m In line with expectations, CatchMark Timber Trust, Inc. reported higher revenue, an increase in GAAP net loss, and an increase in Adjusted EBITDA for the quarter ended March 31, 2018 compared to the three-month period ended March 31, 2017. Results were driven by a year-over- year increase in harvest volume, higher pulpwood pricing and the strong financial performance of the Dawsonville Bluffs joint venture. CatchMark’s revenues increased HALCO AD:Layout 3 3/8/10 to $24.1 million for the three months ended March 31, 2018 from $23.1 million for the three months ended March 31, 2017 primarily due to an increase in timber sales revenue of $2.2 million. For the three months ended March 31, 2018, Adjusted EBITDA was $14.9 million, a $4.3 million increase from the three months ended March 31, 2017, primarily due to contributions from the Dawsonville Bluffs Joint Venture and an increase in net timber sales. Jerry Barag, CatchMark’s 17:22 1 said, “We had President Page and CEO Optimise your production plan... another solid operating quarter benefiting from increased harvest volume fueled by last year’s acquisitions and robust returns on our investment in the Dawsonville Bluffs joint venture. We adjusted our harvest mix to take advantage of increased pulpwood pricing and we continued to increase our delivered sales. Overall, we remain very much on track to meet our 2018 operating plan and maintain a healthy dividend.” Jerry Barag, CatchMark’s President and CEO www.halcosoftware.com Optimise your operations OVER 25 Whatever your mill... Maximize profit by resolving trade-offs between recovery, production rate, and value 18 International Forest Industries | JUNE / JULY 2018 SYSTEMS SOLD HALCO Software Systems Vancouver, Canada • Tel: 1 604 731 9311