Ainsworth may sell solid-wood operations

Article Abstract:

Ainsworth Lumber Co Ltd of Vancouver, British Columbia, has announced its plan to sell its solid-wood operations to focus on oriented strandboard (OSB) operations. The company's OSB plants posted C$199.8 million or 57% of the company's total sales of C$349.1 million in 1998. Ainsworth, which has four solid-wood plants, all in British Columbia, is planning to use the proceeds from the sale to reduce its outstanding debt which totalled C$294.2 million as of 1st half 1999.

Canada, Asset sales & divestitures, Wood & Wood Products, Wood Product Manufacturing, Ainsworth Lumber Company Ltd.

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Arctic heats up expansion

Article Abstract:

Arctic Group Inc has grown to become the biggest packaged ice manufacturer in Canada, thanks in large part to president Robert Nagy. Nagy joined the company in 1971 as a bag boy, moved up the management ladder and bought the company with a partner in 1986. His growth-through-acquisition strategy was a success as sales have increased from less than $5 million in fiscal 1996 to $9.5 million for the year ended Apr 30, 1998.

Arctic Group Inc.

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Diamond mania hits Arctic

Article Abstract:

Prospecting companies have laid claim to record tracts of the Canadian Arctic, snapping up permits for more than 70 million acres in the Northwest Territories and Nunavut in hopes of hitting the next big diamond find. Nunavat issued a 1,518 prospecting permits in 2004 covering more than 64 million acres, which is much more than the 190 permits issued in 2003 covering about nine million acres.

Government regulation, Gem Diamonds, All Other Nonmetallic Mineral Mining, Miscellaneous nonmetallic minerals, Nunavut, Jewelers' materials & lapidary work, Discovery and exploration, Licensing, certification and accreditation, Diamond industry

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