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Sumitomo Forestry NZ, the local unit of the Japanese timber conglomerate, posted a record profit last year after buying the timber plantations of US forestry investor Hancock in 2016 to secure more supply for its wood processing plant. The timber company , Sumitomo Forestry NZ posted a profit of $48.9 million in the year ended Dec. 31,[…]

The CEO of the BC Forest Safety Council (BCFSC), Rob Moonen, and the President and CEO of FPInnovations, Stéphane Renou, have announced that the two organizations have signed a Memorandum of Understanding (MOU) to work collaboratively on enhancing safety performance in the forest industry by sharing leading, innovative scientific and technical applications. Under the MOU,[…]

Federal Government figures released yesterday (Abares) showing a continuing decline in Australia’s plantation timber estate, should be a wakeup call for policy makers, according to Chief Executive Officer of the Australian Forest Products Association (AFPA), Mr Ross Hampton. The ABARES report graphically shows the decline in available timber for domestic processing and continues a troubling[…]

New Zealand’s Forestry Minister Shane Jones on Friday announced the formation of a new Ministerial advisory group to provide independent advice about the forestry sector and how Government and industry can work together to deliver outcomes for New Zealand. The Forestry Ministerial Advisory Group is made up of ten forestry experts who will provide industry perspectives[…]

Forklift manufacturer UniCarriers Americas (UCA) has recently launched its new PD Series Pneumatic Internal Combustion (IC) Diesel forklifts. This next-generation pneumatic IC diesel series, which replaces the outgoing FK Series, is designed with the horsepower and torque needed for demanding work applications, while delivering lower emissions and higher fuel economy, the company says. Standard features[…]

Forklift manufacturer and material handling solutions provider Combilift has officially opened its new global headquarters and manufacturing facility in Monaghan, Ireland. Celebrating its 20th anniversary this year, the company also announced that it will be significantly expanding its workforce with the creation of 200 new jobs in the next three years. Speaking at the opening[…]

Pope Resources reported net income of $5.7 million, or $1.31 per ownership unit, on consolidated revenue of $25 million, and look-through revenue of $17.6 million, for 1Q 2018. This compares to net income of $3.4 million, or $0.77 per ownership unit, on consolidated revenue of $17.3 million, and look-through revenue of $11.4 million, for 1Q[…]

In line with expectations, CatchMark Timber Trust, Inc. reported higher revenue, an increase in GAAP net loss, and an increase in Adjusted EBITDA for the quarter ended March 31, 2018 compared to the three-month period ended March 31, 2017. Results were driven by a year-over-year increase in harvest volume, higher pulpwood pricing and the strong[…]

Canfor Southern Pine, a leading integrated forest products company, will upgrade its existing Camden, South Carolina sawmill in Kershaw County. The company is projected to invest $40 million in the project, as South Carolina Dept. of Commerce reports. The company’s Camden facility has been in operation since 1983 and manufactures dimension lumber. To accommodate its[…]

The new line will be installed next to the current sorting line, at which point the current line will begin serving as a dry sorting line. The capacity of the new line is approximately 150,000 m3 of green lumber a year. The sorting line will include features such as automated camera-based sorting equipment, equipment to[…]