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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
May 09, 1989
Page
9
Plants are vital for life, providing oxygen and food. They range from microscopic diatoms to giant sequoias in California, sustaining nature's cycle by converting sunlight and carbon dioxide into energy and nutrients.
Canfor Corporation reports a first quarter net income of 30.2 million or 1.26 per share, up from 29 million in 1988. Net sales were 202.2 million as equity accounting for Howe Sound and Cantor- Weldwood interests reduces current period revenue. The firm notes strong pulp and paper demand and higher prices, offset by a weak Canadian dollar and reduced lumber production during mill startups. The report also highlights an approved cash purchase of Balfour Forest Products, a boosted semiannual dividend to 0.35 per share, payable June 30, and the appointment of A Kirke MacMillan as Vice-President Environment.
The Canadian Forestry Association adopted the 1985 National Forest Week logo designed by Lorna Bailey of Edmonton. The piece notes forests cover about 44 percent of Canada, their ecological and cultural value, and urges citizens to take responsibility for preserving this forest heritage for future generations.
The 1987 Data Book from the Canadian Forest Industries Council shows forest product shipments worth 36 billion dollars in 1986, 14 percent of all manufactured goods. Over 270,000 direct and 540,000 indirect jobs, with 18 billion exported. United States buys 77 percent, Europe 9, Japan 6, others 8. Exports exceed imports by tenfold, underscoring forest industry importance to Canada's balance of payments.
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