CatchMark Timber Trust, Inc. announced an agreement to acquire 51,700 acres of prime timberlands in South Carolina for $101.8 million, excluding closing costs, from funds managed by Forest Investment Associates.
Brazilian cellulose firm Eldorado Brasil will develop a biomass project in Mato Grosso do Sul with the capacity to produce 50 MWh, local media reported on Wednesday.
The Montreal-based pulp, paper and lumber producer said a machine at its mill in Augusta, Ga., isn't competitive because of the high U.S. dollar. About 100 jobs will be affected by the closure.
