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Conifex Timber Inc CFXTF


Primary Symbol: T.CFF

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.


TSX:CFF - Post by User

Post by Angleson Sep 11, 2024 12:11pm
286 Views
Post# 36218673

This has to hurt too!!!

This has to hurt too!!!The Globe and Mail reports in its Tuesday, Sept. 10, edition that Canada has commenced two new legal challenges in its dispute with the United States over softwood lumber. The Globe's Steven Chase writes that this comes after Washington nearly doubled the punitive duties it imposes on Canadian timber imports in August. International Trade Minister Mary Ng announced on Monday that the Canadian government would contest the results of the U.S. Department of Commerce's fifth softwood lumber review. The United States has been claiming since the early 1980s that Canada subsidizes and dumps its softwood lumber products in the U.S. In August, Washington significantly raised the duty it imposes on Canadian companies shipping softwood lumber to the U.S., setting the rate at 14.54 per cent, up from 8.05 per cent. According to the BC Lumber Trade Council, Canadian lumber producers have already paid the U.S. over $9-billion in duties. This money is held in deposit until the latest dispute is resolved. Ms. Ng stated that Canada initiated two legal challenges under the United States-Mexico-Canada Agreement (USMCA) regarding the U.S. Commerce Department's review and the deliberations leading to the latest duty increase on Monday.
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