Latest news with #CPPI
Yahoo
22-05-2025
- Health
- Yahoo
Department of Early Education and Care visits western Mass. to spotlight innovative preschool programs
NORTHAMPTON, Mass. (WWLP) – The Department of Early Education and Care made its second stop on its Universal Pre-K Access Road Show in Northampton to spotlight innovative preschool programs in the state. The Head Start Early Learning Program is just one of many to receive funding from the Commonwealth Preschool Partnership Initiative (CPPI). It helps provide families access to affordable preschool programs, like those at Head Start, to close the learning gap for all children before entering kindergarten. Northampton received $1 million from the CPPI to enable the city to increase pre-K seats through both public schools and community-based providers. 'By bringing the community partners together, we can make sure that families can make the choices they want while making sure that their kids are getting the educational services that they need,' said Early Education and Care Commissioner Amy Kershaw. According to a news release sent to 22News, Northampton partnerships include a collaboration of 11 diverse EEC-licensed partners, representing 18 CPPI-funded classrooms, including at Leeds Elementary School. The CPPI grant provides access to quality instruction to 227 children in the community. 'This visit is about listening, learning, and building on what works so that we can bring high-quality Pre-K to every corner of the Commonwealth,' added Kershaw. The Department of Early Education and Care Commissioner Amy Kershaw joined local leaders, educators, and families to tour the Head Start Early Learning Program and visit a CPPI classroom. They got to see firsthand how they're using some of the funds for their preschool. It is helping Head Start provide their children with additional resources like special education services, instructional coaches, and speech pathologists. 'Children who may have a special need or do not have to leave in the afternoon to get their special education services somewhere else, they receive them right here,' said Pioneer Valley Head Start & Early Learning Programs Director, Anat Weisenfreund. Northampton Public Schools is using some of its staff to support and supervise these types of services. 'We're tracking the data now that children are developing closer to their same-age peers when they have a disability and at a bit quicker rate. We are seeing that working with special education teams and coaches that Northampton, early education and care teachers that their instructional scores are rising,' said Northampton Preschool and Partnership Coordinator, Laura Frogameni. The funds also reduce tuition costs for families with children looking to enter the overall program. 'We're seeing and we heard from parents how much being a single parent, getting that child care subsidy has essentially shifted their families' possibilities for stability,' continued Frogameni. 'All of this centers the child,d and it centers the educators who work directly with the child. And that's a wonderful recipe for success.' This initiative not only helps to lower the cost for families but also helps parents stay in or return to the workforce. 'It has that dual purpose. It helps our children prepare for school and create their own path for academic success and later economic success, while immediately supporting their parents on their economic path,' explained Kershaw. The visit concluded at Smith College, a partner in the city's CPPI program through the school's Center for Early Childhood Education at Fort Hill, for a round table discussion with Northampton Public Schools Superintendent Dr. Portia Bonner, local educators, administrators, and early childhood program leaders. 'Governor Healey and Commissioner Kershaw, through the CPPI grants, have created partnerships that support children and their families as they navigate the first five years of the child's life,' said Clare Higgins, Executive Director at Community Action Pioneer Valley. 'Because of their ongoing support, Northampton has created a true partnership with parents and providers that is a model for others to emulate.' 'Head Start is an essential component of Massachusetts' early education mixed delivery system, providing high-quality early education and wraparound services for the most vulnerable families,' said Michelle Haimowitz, Executive Director of the Massachusetts Head Start Association. 'We are proud to stand in partnership with Commissioner Kershaw and the Healey-Driscoll Administration to celebrate CPPI and partnerships between early education and our public school partners.' Northampton is among the 30 districts receiving funding through CPPI. The Healey-Driscoll Administration is investing more than $20 million across Massachusetts to expand access to preschool. Governor Healey's FY26 budget and related Fair Share supplemental budget funds this initiative. Additional funding is expected to expand access to pre-schools in 37 districts during the next 3 years. The expansion would allow CPPI to reach the remaining 7 Gateway Cities not currently funded, as well as enable 12 current grantees move to full implementation. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Cision Canada
08-05-2025
- Business
- Cision Canada
Canfor Pulp reports results for the first quarter of 2025
VANCOUVER, BC, May 8, 2025 /CNW/ - Canfor Pulp Products Inc. ("The Company" or "CPPI") (TSX: CFX) today reported its first quarter of 2025 results: Overview. Q1 2025 operating income of $11 million; net income of $6 million, or $0.09 per share. Market fundamentals saw modest improvement early in the quarter; however, this momentum weakened later in the period with rising global economic and trade uncertainty. 6% increase in pulp production during Q1 2025 (versus Q4 2024) primarily due to improved operating reliability. Financial results. The following table summarizes selected financial information for CPPI for the comparative periods: (millions of Canadian dollars, except per share amounts) Q1 2025 Q4 2024 Q1 2024 Sales $ 196.2 $ 163.1 $ 222.3 Reported operating income before amortization $ 21.3 $ 12.3 $ 1.2 Reported operating income (loss) $ 10.8 $ 4.1 $ (15.7) Net income (loss) $ 6.0 $ 2.9 $ (2.4) Net income (loss) per share, basic and diluted $ 0.09 $ 0.04 $ (0.04) The Company reported an operating income of $10.8 million for the first quarter of 2025, compared to $4.1 million for the fourth quarter of 2024. These results were largely driven by a modest uplift in the Company's average Northern Bleached Softwood Kraft ("NBSK") pulp unit sales realizations in the current quarter combined with a 6% increase in pulp production compared to the fourth quarter of 2024. Commenting on the Company's first quarter results, CPPI's President and Chief Executive Officer, Stephen Mackie, said, "With improved operational performance and some positive momentum in market conditions early in 2025, we are pleased to see another quarter of positive results for our pulp business. Despite the increase in results, however, global economic uncertainty influenced pulp market conditions in the latter part of the first quarter and continues to do so early in the second quarter. Going forward, we will work to navigate these external challenges facing our business while focusing on improving safety, reliability and overall operating performance." First quarter highlights. Global softwood pulp market fundamentals experienced some positive improvement during the first quarter of 2025, with modest strength observed early in the quarter, particularly in China, as global pulp producer inventory levels began to stabilize. As the quarter progressed, however, this momentum diminished as global economic and trade uncertainty rose. As a result, US-dollar NBSK list prices to China, the world's largest pulp consumer, started the year at US$770 per tonne and saw a modest increase through the current period, ending March at US$798 per tonne. For the current quarter overall, US-dollar NBSK pulp list prices to China averaged US$793 per tonne, up US$26 per tonne, or 3%, from the prior quarter. As a result, the Company's average NBSK pulp unit sales realizations experienced a modest increase compared to the previous quarter, principally reflecting this improvement in US-dollar NBSK pulp list prices to China, coupled with a 2 cent, or 3%, weaker Canadian dollar in the current period, offset to a degree, by an unfavourable timing lag in shipments versus orders. Pulp production was 104,000 tonnes for the first quarter of 2025, up 6,000 tonnes, or 6%, from the fourth quarter of 2024, primarily driven by improved operational reliability and productivity at both of the Company's pulp mills in the current period. Operating income in the Company's paper segment was $5.4 million, compared to $5.1 million in the previous quarter, largely driven by the benefit of favourable timing of shipments around quarter-end as well as the weaker Canadian dollar in the current period. Outlook. While global pulp demand and pulp producer inventory levels are currently stable, looking ahead, global softwood pulp markets are anticipated to remain subdued as increasing uncertainty associated with economic concerns and potential trade disruptions weigh on market conditions. While the Company continues to monitor the trade situation between Canada and the US and is prepared with mitigation plans to mostly offset the impact should tariffs on US shipments be imposed, the Company is also monitoring the broader global trade situation. With its high quality, specialty product offering and market diversification, the Company is positioned to respond to any potential tariffs. The Company remains focused on optimizing its operating footprint, enhancing operational reliability as well as closely managing manufacturing and fibre costs. Looking forward, there remains significant uncertainty with regards to the availability of economically viable fibre within BC. As a result, the Company continues to anticipate that escalating log cost pressures and transportation costs in BC will translate into a higher cost fibre supply for its pulp mills (both for sawmill residual chips and whole log chips). The Company will continue to evaluate operating conditions and adjust operating rates at its pulp mills to align with economically viable fibre supply. These factors could also affect the Company's operating plan, liquidity, cash flows and the valuation of long-lived assets. The relatively muted North American demand for bleached kraft paper experienced at the end of the first quarter is projected to continue through the second quarter of 2025, largely as a result of uncertainty surrounding the trade situation between Canada and the US and the potential for tariffs on US shipments. No major maintenance outages are planned at the Company's pulp mills or at its paper machine for the second quarter of 2025. Looking forward, the Company has revised its maintenance schedule for the second half of 2025. A maintenance outage is now scheduled in the third quarter of 2025 at the Company's Intercon Pulp mill and at its Paper machine. This maintenance outage is projected to reduce both NBSK market pulp production and paper production by 2,000 tonnes each. In the fourth quarter of 2025, a maintenance outage is now scheduled at the Company's Northwood Pulp mill which is projected to reduce NBSK market pulp production by 10,000 tonnes. Additional information and conference call. A conference call to discuss the first quarter's financial and operating results will be held on Friday, May 9, 2025, at 9:00 AM Pacific time. To participate in the call, please dial Toll-Free 1-888-510-2154. For instant replay access until May 23, 2025, please dial Toll-Free 1-888-660-6345 and enter participant pass code 27122#. The conference call will be webcast live and will be available at This news release, the attached financial statements and a presentation used during the conference call can be accessed via the Company's website at Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on Management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp (including 300,000 tonnes of annual production capacity that, effective August 2024, has been indefinitely curtailed), and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit SOURCE Canfor Pulp Products Inc.
Yahoo
08-05-2025
- Business
- Yahoo
Canfor Pulp reports results for the first quarter of 2025
VANCOUVER, BC, May 8, 2025 /CNW/ - Canfor Pulp Products Inc. ("The Company" or "CPPI") (TSX: CFX) today reported its first quarter of 2025 results: Overview. Q1 2025 operating income of $11 million; net income of $6 million, or $0.09 per share. Market fundamentals saw modest improvement early in the quarter; however, this momentum weakened later in the period with rising global economic and trade uncertainty. 6% increase in pulp production during Q1 2025 (versus Q4 2024) primarily due to improved operating reliability. Financial results. The following table summarizes selected financial information for CPPI for the comparative periods: (millions of Canadian dollars, except per share amounts) Q1 2025 Q4 2024 Q1 2024 Sales $ 196.2 $ 163.1 $ 222.3 Reported operating income before amortization $ 21.3 $ 12.3 $ 1.2 Reported operating income (loss) $ 10.8 $ 4.1 $ (15.7) Net income (loss) $ 6.0 $ 2.9 $ (2.4) Net income (loss) per share, basic and diluted $ 0.09 $ 0.04 $ (0.04) The Company reported an operating income of $10.8 million for the first quarter of 2025, compared to $4.1 million for the fourth quarter of 2024. These results were largely driven by a modest uplift in the Company's average Northern Bleached Softwood Kraft ("NBSK") pulp unit sales realizations in the current quarter combined with a 6% increase in pulp production compared to the fourth quarter of 2024. Commenting on the Company's first quarter results, CPPI's President and Chief Executive Officer, Stephen Mackie, said, "With improved operational performance and some positive momentum in market conditions early in 2025, we are pleased to see another quarter of positive results for our pulp business. Despite the increase in results, however, global economic uncertainty influenced pulp market conditions in the latter part of the first quarter and continues to do so early in the second quarter. Going forward, we will work to navigate these external challenges facing our business while focusing on improving safety, reliability and overall operating performance." First quarter highlights. Global softwood pulp market fundamentals experienced some positive improvement during the first quarter of 2025, with modest strength observed early in the quarter, particularly in China, as global pulp producer inventory levels began to stabilize. As the quarter progressed, however, this momentum diminished as global economic and trade uncertainty rose. As a result, US-dollar NBSK list prices to China, the world's largest pulp consumer, started the year at US$770 per tonne and saw a modest increase through the current period, ending March at US$798 per tonne. For the current quarter overall, US-dollar NBSK pulp list prices to China averaged US$793 per tonne, up US$26 per tonne, or 3%, from the prior quarter. As a result, the Company's average NBSK pulp unit sales realizations experienced a modest increase compared to the previous quarter, principally reflecting this improvement in US-dollar NBSK pulp list prices to China, coupled with a 2 cent, or 3%, weaker Canadian dollar in the current period, offset to a degree, by an unfavourable timing lag in shipments versus orders. Pulp production was 104,000 tonnes for the first quarter of 2025, up 6,000 tonnes, or 6%, from the fourth quarter of 2024, primarily driven by improved operational reliability and productivity at both of the Company's pulp mills in the current period. Operating income in the Company's paper segment was $5.4 million, compared to $5.1 million in the previous quarter, largely driven by the benefit of favourable timing of shipments around quarter-end as well as the weaker Canadian dollar in the current period. Outlook. While global pulp demand and pulp producer inventory levels are currently stable, looking ahead, global softwood pulp markets are anticipated to remain subdued as increasing uncertainty associated with economic concerns and potential trade disruptions weigh on market conditions. While the Company continues to monitor the trade situation between Canada and the US and is prepared with mitigation plans to mostly offset the impact should tariffs on US shipments be imposed, the Company is also monitoring the broader global trade situation. With its high quality, specialty product offering and market diversification, the Company is positioned to respond to any potential tariffs. The Company remains focused on optimizing its operating footprint, enhancing operational reliability as well as closely managing manufacturing and fibre costs. Looking forward, there remains significant uncertainty with regards to the availability of economically viable fibre within BC. As a result, the Company continues to anticipate that escalating log cost pressures and transportation costs in BC will translate into a higher cost fibre supply for its pulp mills (both for sawmill residual chips and whole log chips). The Company will continue to evaluate operating conditions and adjust operating rates at its pulp mills to align with economically viable fibre supply. These factors could also affect the Company's operating plan, liquidity, cash flows and the valuation of long-lived assets. The relatively muted North American demand for bleached kraft paper experienced at the end of the first quarter is projected to continue through the second quarter of 2025, largely as a result of uncertainty surrounding the trade situation between Canada and the US and the potential for tariffs on US shipments. No major maintenance outages are planned at the Company's pulp mills or at its paper machine for the second quarter of 2025. Looking forward, the Company has revised its maintenance schedule for the second half of 2025. A maintenance outage is now scheduled in the third quarter of 2025 at the Company's Intercon Pulp mill and at its Paper machine. This maintenance outage is projected to reduce both NBSK market pulp production and paper production by 2,000 tonnes each. In the fourth quarter of 2025, a maintenance outage is now scheduled at the Company's Northwood Pulp mill which is projected to reduce NBSK market pulp production by 10,000 tonnes. Additional information and conference call. A conference call to discuss the first quarter's financial and operating results will be held on Friday, May 9, 2025, at 9:00 AM Pacific time. To participate in the call, please dial Toll-Free 1-888-510-2154. For instant replay access until May 23, 2025, please dial Toll-Free 1-888-660-6345 and enter participant pass code 27122#. The conference call will be webcast live and will be available at This news release, the attached financial statements and a presentation used during the conference call can be accessed via the Company's website at Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on Management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp (including 300,000 tonnes of annual production capacity that, effective August 2024, has been indefinitely curtailed), and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit SOURCE Canfor Pulp Products Inc. View original content to download multimedia: Sign in to access your portfolio
Yahoo
29-04-2025
- Politics
- Yahoo
Report: Massachusetts early education has room to improve
Despite being recognized as a leader in its K-12 education, the commonwealth can improve its early education for preschoolers, a new Rutgers University report said. The report, which was published Tuesday, said Massachusetts ranks slightly above average when it comes to its early education, according to 10 benchmarks set by the National Institute for Early Education Research, a research entity within Rutgers University. The state met six out of the 10 benchmarks, according to the institute, which range from early learning and development standards to class size, to whether or not a teacher needs a bachelor's degree or more to teach young learners. 'Massachusetts is a leader in elementary and secondary education but it hasn't risen to be a leader in early education,' said Allison Friedman-Krauss, a research associate professor at the institute, in a phone interview. The state has two early education programs: Chapter 70, which offers state aid to school districts that have students with disabilities, and Commonwealth Preschool Partnership Initiative (CPPI), she said. The state also has Head Start programs, which the Trump administraion has proposed cutting in a proposal to Congress. Friedman-Krauss said the Head Start program helps about 8,000 children aged 3 and 4 from some of the poorest families in the state. 'It's a fragile ecosystem,' she said. 'Cutting funding will impact programs state and nationwide.' The state's CPPI program does a great job already at providing comprehensive and culturally sensitive education to preschoolers, according to the report. It also ensures that class sizes don't exceed 20 students. Still, there are some areas for improvement, Friedman-Krauss said. 'Massachusetts should try to stick with one program model,' she said. Neighboring Vermont is a leader in early education, according to the report, which enrolled 76% of 4-year-olds and 58% of 3-year-olds. 'When states invest in quality education, they can see returns on their investments. When they don't, the children are impacted,' she said. After Holyoke condemns office building, owner fights back in court NY developers to build affordable housing at former Facemate building in Chicopee Marking 48 Mass. workplace deaths in past year-plus, advocates fear the cost of deregulation WMass Governor's Councilor solicits public feedback on 2 judicial nominees Read the original article on MassLive.
Morocco World
25-03-2025
- Business
- Morocco World
Tanger Med Rises to 17th in Global Port Rankings, Outpaces Global Rivals
Rabat – Tanger Med continues to solidify Morocco's leadership in port operations across Africa and the Mediterranean. The port has risen in global rankings, securing 17th place worldwide in the latest Alphaliner report, which lists the top 30 container ports globally. In 2024, Tanger Med handled 10.24 million twenty-foot equivalent units (TEUs), a notable increase from 8.61 million TEUs the previous year. This growth has propelled the Moroccan port ahead of established global players like Hamburg, which ranks 24th with 7.82 million TEUs, and Jakarta, which is 27th with 6.75 million TEUs. The global ranking is topped by Shanghai, with 51.5 million TEUs, followed by Singapore (41.12 million), Ningbo-Zhoushan (39.3 million), and Shenzhen (33.39 million). Dubai ranks 10th, handling 15.53 million TEUs, outperforming Rotterdam, which holds the 12th spot with 13.82 million TEUs. Tanger Med's impressive performance is attributed to the port's ongoing investments in infrastructure, the addition of new equipment, and improvements in operational efficiency. These changes have helped streamline operations, reducing waiting times and improving maneuvering speed – all of which contributed to the port's record growth in 2024. Notably, Tanger Med is the only port in the Mediterranean and Africa to rank among the top 30 in the world. In June 2024, Tanger Med ranked fourth in the World Container Port Performance Index (CPPI) for 2023, marking its second consecutive year as the top port in both Africa and Europe.
