Search Results for: timberland holdings

Hughes Pacific, a (owned by the Hughes Family Trust of Washington State, USA) is an innovator in sustainable forestry and LiDAR carbon offset project development solutions, has announced a significant expansion of its operations in Canada. The company has successfully acquired mature timberlands in Alberta and British Columbia and unveiled plans to acquire up to[…]

Weyerhaeuser Company has entered into two distinct agreements to purchase timberlands from and sell timberlands to funds managed by Hancock Natural Resource Group (HNRG), a Manulife Investment Management company. The company is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction, and selling 149,000 acres of timberlands in southern Oregon in a[…]

CatchMark Timber Trust, Inc. (NYSE: CTT) announced this month an agreement to acquire 14,923 acres of prime timberlands near the southeast coast of Georgia for $43.3 million, excluding closing costs. The to-be-acquired timberlands in Long and McIntosh counties, the Coastal Georgia Acquisition, will expand CatchMark’s positioning in one of the most competitive wood baskets of[…]

Roseburg Resources Co. has acquired approximately 158,000 acres of investment-grade timberland in the southeastern United States from Forest Investment Associates (FIA), a timberland investment management organization. The timberland is located around Roanoke Rapids, largely within the coastal region of North Carolina and southeastern Virginia, and has a strong history of professional management. “The property is[…]

Weyerhaeuser Company reported 3Q 2020 net earnings of $283 million, or 38 cents per diluted share, on net sales of $2.1 billion. This compares with net earnings of $99 million, or 13 cents per diluted share, on net sales of $1.7 billion for the same period last year. 3Q 2020 results include after-tax charges of $103 million for special items, primarily a non-cash timber casualty loss[…]

Weyerhaeuser Company reported 4Q net earnings of $551 million, on net sales of $1.6 billion. This compares with net earnings of $59 million on net sales of $1.3 billion for the same period last year. 4Q results include after-tax earnings of $489 million from discontinued operations, primarily consisting of gains from the divestiture of the[…]

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[…]

While BC forestry companies face a long-term decline in the annual allowable cut in the Interior, thanks to the mountain pine beetle infestation, BC companies on the coast have been exporting raw logs, mostly to China, in record volumes in recent years.   According to a recent Canadian Centre for Policy Alternatives (CCPA) report, one[…]