The pulp and paper industry in Canada may have had a disappointing quarter, but some parts of the country fared bet…
The pulp and paper industry in Canada may have had a disappointing quarter, but some parts of the country fared better than others. According to the Montreal Gazette, the industry posted a profit of $71 million in the last quarter, a drastic fall from the $883 million posted in the corresponding quarter last year. However, western Canadian companies had a profit of $107 million, with seven of the nine largest companies in the black. In eastern Canada, the six largest forest and paper companies lost a total of $36 million, and half of them posted losses.
The Gazette further reported that western companies Ainsworth, Catalyst Paper, West Fraser, Canfor, Millar Western, Interfor and TimberWest made money last quarter. Pope & Talbot and Western Forest Products lost money. In the east, Abitibi-Consolidated, Norbord and Cascades were profitable, whereas Fraser Paper, Domtar and Tembec all posted losses.
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