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Junnikkalan saha Oy is investing €75 million in building one of Finland’s largest and most modern sawmills in Oulu. When ready the sawmill will have a capacity of 350 000 cubic meters sawn timber and 70 jobs will be created directly and 200 indirectly in the Oulu region.
“We set the bar high for technic and process. Valutec has[…]

China imported 30% of its total volume of softwood logs from Europe in 2020 and 2021, thus surpassing supply from Russia and North America. European softwood logs were practically non-existent at Chinese ports five years ago. However, a combination of a never-ending hunger for more wood in the country, reductions in shipments from previously significant[…]

More than 380 million tons of plastic are produced each year, far surpassing most other man-made materials. It can take thousands of years for plastics to degrade due to the stable long polymer chains. Roughly 12 million metric tons of plastic waste will be in landfills, or in natural environment by 2050,causing severe environmental pollution (i.e.,[…]

Strategic investments help five local companies expand operations and create new jobs TIMMINS – The Ontario government is providing more than $2.2 million to help five local companies purchase new equipment and expand operations in Timmins. This investment will help support job creation and economic growth and development in Northern Ontario. “Supporting local companies as[…]

Sawmills in Europe and North America enjoyed record profits during the first half of 2021, but fell in the 3Q when lumber prices plunged. Sawmill profits in North America and Europe continued to rise in the spring and early summer of 2021, surging to all-time highs on both continents. With lumber prices reaching unprecedented levels[…]

Komatsu Forest have announced changes in top management of Komatsu Forest Ltda Brazil. The company’s current managing director (MD), Mr Felipe Viera has decided to leave the company in pursuit of other professional challenges in a different business segment. Mr Juergen Munz is temporarily taking on the role as MD for Komatsu Forest Brazil. Mr[…]

Pezzolato have recently delivered a new equipment for the preparation of firewood to a long-standing customer in northern Italy, designed to work with heterogeneous materials and with dimensions up to 900 mm in diameter. The TLA 15 cutting unit, equipped with a 1500 mm diameter disc to cut bundles of wood and single logs with[…]

Vancouver, B.C. – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) has announced that further to its news release of October 12, 2021, the U.S. regulatory review has been completed and the other closing conditions have been satisfied.  As such, the Company is proceeding to close the acquisition of[…]

This video first released in October 2021 marks the significant milestone of the planting of two billionth tree in 2021. Reaching this milestone reflects West Frasers 65-year commitment to sustainable forest management in Alberta and B.C., where they directly manage the forest lands for its operations. In other jurisdictions, such as their operations in central[…]

INVL Asset Management (“INVL”) today announces the successful full exit of its INVL Baltic Forests Fund I vehicle as it transitions towards a full focus on its recently announced successor, INVL Sustainable Timberland and Farmland Fund II (“STAFF II”). The acquirer of the portfolio is Latvian Forest Company AB. INVL Baltic Forests Fund I was[…]