World Business Briefing | Americas: Consolidation in the Timber Industry
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Brookfield Asset Management of Toronto said it would buy Longview Fibre, a specialty paper and packaging company, for $1.6 billion. Longview has a pulp and paper mill in Longview, Wash., and 15 corrugated-container plants, but its chief asset for Brookfield appears to be its 588,000 acres of woodlands in Washington and Oregon. They will join other timberlands owned by Brookfield, including 635,000 acres in British Columbia it bought from Weyerhaeuser in 2005. As part of the Longview deal, Brookfield will also assume about $550,000 in debt. Longview put itself up for sale in 2006 after rejecting a $1.33 billion bid from two private equity firms.
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CHICAGO, June 5  /PRNewswire/ -- U.S. Environmental Protection Agency Region 5 has reached an agreement with Minnesota Metal Finishing Inc. of Minneapolis for alleged violations of hazardous waste rules.  The company will pay an $85,000 penalty.
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More than three million acres in Alaska would be open to logging under a federal plan that supporters believe will revive the stateâs struggling timber industry.
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SAO PAULO, Brazil, Feb. 7 -- The United States and Brazil, the two largest biofuel producers in the world, are meeting this week to discuss a new energy partnership that they hope will encourage ethanol use throughout Latin America and that U.S. officials hope will diminish the regional influence of oil-rich Venezuela....
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The woodworker overcomes margin concerns and builds impressive profits.
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A bipartisan group of U.S. lawmakers on Tuesday pushed for tougher rules to stop American companies from buying illegally logged timber plundered from fragile forests around the world.
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The NASD and NYSE are to consolidate regulatory functions.
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With its U.S. business softening, DuPont found strength in Latin America.
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By Bloomberg News. The Bush administration yesterday appealed a trade panel&#39;s decision that effectively struck down United States tariffs on $4.6 billion a year of Canadian lumber.
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WASHINGTON -- Robert Stec would like to help clean up the nation's dirty air, but at $1 million a plant to install air-pollution control technology, it would be cheaper for him to move his furniture manufacturing business overseas.
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The following editorial appeared in the Kansas City Star on Wednesday, June 13:  No one but the timber industry benefits if the U.S. Forest Service allows the continued degradation of the world's largest temperate rainforest _ the Tongass in southeast Alaska.
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GRAND RAPIDS, Minn., June 21  /PRNewswire/ -- Over 115 leaders in the publishing, retail, catalogue and printing businesses and the forest industry met here this week for a three-day environmental workshop organized by the Gravure Association of America.
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Tree rustlers are striking across the country, probably prompted by the rise in timber value and the increase in worldwide demand for American hardwood.
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MADRID, Oct 13 (IPS) - The seizure of 33 tons of wood from a highly   endangered species of tree from Brazil and the arrest of six  individuals  implicated in the illegal imports to Spain was  hailed by environmental  activists here Wednesday.
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WELLINGTON (Dow Jones)--About 20 New Zealand forestry and wood-processing firms are planning to work together to target the Chinese markets, the Dominion Post newspaper reported Monday.
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Research and Markets (http://www.researchandmarkets.com/reports/c50301)  has announced the addition of Forestry & Services - Portfolio Analysis  to their offering  The Portfolio Analysis - Forestry & Services is a comprehensive  evaluation of the UK market.
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Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) announces today that it has reached an important milestone by consolidating the two contracts with A-M Polymers into a single contract worth $160M over a five year period and automatically renewable.