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In August 2018 Caterpillar Inc. announced plans to sell its forestry business to Weiler Forestry Inc. Caterpillar and Weiler have now entered into a definitive agreement to sell Cat’s purpose-built forestry business. The deal will close in Q3 2019. In November last year, Gough Cat announced that they’d entered into an agreement with United States[…]

PotlatchDeltic Corporation reported net income of $6.6 million, or $0.10 per diluted share, on revenues of $181.7 million for the 1Q ended March 31, 2019. Excluding after-tax special items consisting of a gain on the sale of the legacy Deltic MDF facility and a loss on the extinguishment of debt, adjusted net income was $5.3[…]

Stora Enso has joined the New Plastics Economy Global Commitment to eliminate plastic waste and pollution at the source. The Global Commitment and its vision for a circular economy for plastic is led by the Ellen MacArthur Foundation, in collaboration with UN Environment. For Stora Enso, signing the commitment is another step to combat the[…]

Linck to present a new profiler unit VPM 350 at LIGNA 2019. The family of VPM profiler units was extended by an additional machine model. In addition to the high end machine VPM450, the smaller VPM 350 was developed to be used for cant heights of up to 350 mm and cutting depths of up[…]

Looking back –  Report 2009  http://forestportal.efi.int/content/view/169/15/ Land areas around the world totalling more than the size of Canada have been identified as having potential to be restored to good quality, healthy forests, a new study has found. As the global effort to help tackle climate change by reversing the alarming loss of forests steps up,[…]

Wood is an established and versatile construction material, used to build everything from high-rises and airports to apartment buildings. It also, however, is not immune to catching fire. A new coating could help keep that from happening, and it’s actually made from wood. Developed in Finland by scientists at the VTT Technical Research Centre, the[…]

While both New Zealand and Russia are at the top of the leaderboard for softwood log imports into China, as the accompanying table shows, Russia tops the leaderboard for sawnwood imports. That is largely driven by export tariffs on logs by Russian government which incentivises sawing Russian logs on their side of their border with[…]

Log export markets – This week WoodWeek.com has received it’s monthly update from the Champion Freight team. In short China is up again, all other key Asian log markets are down. The chart shows total log export values to China year-on-year to the end of March were up 20 percent year-on-year contributing to overall log[…]

Over 22 million tons of wood pellets were shipped globally in 2018, up 21% from 2017. The US, Canada, Vietnam, Latvia and Russia, accounted for 69% of global exports in 2018, reports the North American Wood Fiber Review Global trade of wood pellets jumped more than 21% year-over-year in 2018 when a new record of[…]

A company is now producing drones designed to fire seed missiles into fields, aiming to help restore the world’s forests. According to National Geographic, between 1990 and 2016, the world lost 502,000 square miles of forest due to a combination of humans cutting them down, and natural factors including wildfires. With deforestation affecting all life[…]