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Update on Canadian and US timber manufacturers

27 March 2020
As described in today’s DTN analysis, the US and Canada have differing views on whether timber and forestry are essential industries. The impact is being felt differently in the US where it is classed as an essential however, the turmoil is being felt on both sides of that border. Sou
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Resolute will continue to operate in all areas in US and Canada

25 March 2020
Resolute Forest Products provided an update on the impact of the COVID-19 situation to its business. The company expects to continue to operate in all of its business segments – pulp, tissue, wood products and paper – in Canada and the United States. But the company expects to take ce
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Families First Act to help US employees

25 March 2020
Last week US President Trump signed the “Families First Coronavirus Response Act” into law. The provisions of the bill will go into effect on 2 April 2020. This legislation is designed to protect families and workers hit by the spreading coronavirus. Included in the package were sever
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How will the US forest industry survive COVID-19?

25 March 2020
Just months ago, Americans watched cautiously from a distance as the COVID-19 contagion caused a nearly unimaginable scenario by upending China’s entire economy and social structure. It seemed like a situation right out of a dystopian movie set; something both fantastical and horrifyi
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Interfor and Ponsse affected by COVID-19

23 March 2020
Interfor will implement a number of initiatives in order to adjust its business to operating conditions being impacted by COVID-19 as will Ponsse. Source: Lesprom Interfor will temporarily reduce production across its operations in British Columbia, the Pacific Northwest and the US So
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US Homeland Security states forest products are vital

23 March 2020
The forest products industry plays a vital role in our nation’s infrastructure especially in response to the global COVID-19 epidemic, the US Department of Homeland Security (DHS) announced in a memorandum. Source: Timberbiz The DHS memo, signed by Cybersecurity and Infrastructure Sec
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China Global Wood Trade Conference

23 March 2020
China is planning for its 10th Global Wood Trade Conference to be held in Xi-an from 15-16 September however, given the current global pandemic it is likely to not be a particularly popular event, even if the pandemic has subsided. Source: Timberbiz China Global Wood Trade Conference
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In the North America COVID-19 is slowing business and halting conferences

20 March 2020
Joining previous declarations from National Lumber and Building Material Dealers Association and the National Retail Hardware Association, the Midwest Building Suppliers Association has petitioned governors in Indiana and Michigan to classify lumber and building materials providers as
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European paper and board concerned about border controls

20 March 2020
Continued cross-border and intra-country movement of paper & board packaging is essential for the continued safe distribution of food and pharmaceutical packaging during the COVID-19 crisis according to European paper and board converter associations. Source: Timberbiz The undersi
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Sumitomo Forestry to build apartments in Texas

20 March 2020
Sumitomo Forestry announced that it is to embark jointly with NTT Urban Development Corporation on a project worth a gross investment of approximately US$114 million to develop high-rise luxury apartments in Dallas, Texas, United States, with completion targeted for May 2022. Source:
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