Forestry revenues up 7% in 1st Quarter 2014…
AFPA members produce $718 million
Edmonton, July 16, 2014 – Values of lumber, pulp and paper, and panelboard manufactured by Alberta Forest Products Association (AFPA) members totaled approximately $718 million for the 1st quarter of 2014. The value of production was up $47 million or 7% from the same period last year. Compared to the 4th quarter of 2013, production values increased by $39 million or 6%.
“Positive growth has continued for the forest industry,” said AFPA President and CEO Paul Whittaker. “We have worked very hard to develop markets for our products, make facilities as efficient as possible, and manage Alberta’s forests in a sustainable manner. These results reinforce the good work that has been done.”
Alberta’s forest industry is a significant social and economic contributor to 50 communities throughout the province. The industry’s commitment to the environment, research and innovation, and its employees makes it an ideal place to build a career.
More information can be found on our website at albertaforestproducts.ca.
The Alberta Forest Products Association is a private, non-profit industry organization, representing lumber, panelboard, pulp and paper, and secondary manufacturing wood products companies operating in Alberta. AFPA member companies are active participants in sustainability advancements that contribute economic, environmental, and social benefits for Albertans.
Lumber – AFPA-member companies produced 746 million board feet of lumber in the 1st quarter of 2014 with a value of $302 million. Part of this production came from the secondary manufacturing sector. Compared to the 1st quarter of 2013, production volume increased by 2.8 million board feet (0.4%) and values climbed by $10 million or 3.4%. From the 4th quarter of 2013, production was down 24 million board feet (3.2%), but values increased $4 million (1.2%) on the strength of more robust prices.
Panelboard – AFPA-member panelboard operators produced 291 million square feet of 7/16 inch equivalent product in the 1st quarter of 2014 valued at $100 million. Production increased from the 1st quarter of 2013 by 13 million square feet or 4.7%, but weaker prices caused values to drop $9 million (8.7%). Compared to the 4th quarter of 2013, production increased 8 million square feet (2.7%) and values were up $7 million or 7.6%.
Pulp & Paper – The AFPA’s pulp and paper sector production for the 1st quarter of 2014 was 388,500 air dried metric tonnes (ADMT) valued at $325 million. Production was up 14,300 ADMT (3.8%) from the same period in 2013, and values increased by $46 million or 16.5%. Compared to the 4th quarter of 2014, production was up 17,100 ADMT (6%), and values increased by $31 million (10.5%)