Canada Softwood Lumber: Commerce to Consider Acquisitions by GreenFirst in CCR
The Commerce Department will consider whether GreenFirst Forest Products Inc. (GFFP) and GreenFirst Forest Products (QC) Inc. (GFFP (QC)) (collectively, GreenFirst) is the successor-in-interest to Rayonier A.M. Canada G.P. (RYAM) for the purposes of antidumping duties on certain softwood lumber…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
products from Canada (A-122-857), it said in a notice initiating a changed circumstances review, released Nov. 16. GreenFirst requested the review, telling Commerce that it acquired six lumber mills and one newsprint mill from RYAM. The request further explains that RYAM previously held an ownership stake in GreenFirst but that, in May, RYAM sold all of its shares in GreenFirst, and as a result RYAM no longer has ties to the lumber industry. If Commerce finds GreenFirst is the successor company to RYAM, it will inherit the AD duty rate currently applicable to RYAM, 4.76%, Commerce said.