Monday, March 1, 2010

Foerst Industry could be recovering.

Several BC companies recently released their latest results.

West Fraser Timber
reported a much better fourth quarter for 2009 than the rest of the year, in fact if you remove one the charges, an assest write down, the company made money in the fourth quarter.

Interfor reports much the same sort of improvement in the fourth quarter.

Canfor meanwhile did not have as good a quarter, though did better with pulp. Things are looking up enough that they are re-opening their Chetwynd sawmill after a two year closure.

The fact these three companies seem to be doing better should improve the market for logs in the interior. Higher prices means better times for First Nation timber harvesting businesses.

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