Timber sale levels on the Chequamegon-Nicolet National Forest reached 128.7 million board feet in fiscal year 2018, a level of sales not seen since the early 1990’s reports Green Bay Gazette. The 2018 fiscal year was also the sixth year in a row timber sales have increased in the forest. In 2017, the forest sold[…]
Finnish rally driver Kalle Rovanperä and forest machine manufacturer John Deere Forestry Oy have signed a collaboration agreement. Rovanperä has risen to prominence in motorsports at an exceptionally young age and secured a World Rally Championship-2 (WRC2) series bronze medal in the 2018 season by winning the WRC2 events in Wales and Catalunya. In the[…]
The delivery prices on Swedish sawlog and pulpwood prices rose by 5.5% and 3.4% respectively in the 3Q 2018, compared to the 2Q 2018, reports the Swedish Forest Agency. The prices are increasing in all of Sweden. The price of sawlog increased the most in the region Central with 8.4%, while prices rose by 7.5%[…]
Interfor Corporation (“Interfor”) recorded net earnings in 3Q 2018 of $28.1 million, or $0.40 per share, compared to $63.8 million, or $0.91 per share in 2Q 2018 and $16.8 million, or $0.24 per share in 3Q 2017. Interfor increased 3Q 2018 sales to $570.5 million, compared to $489.2 million in the 3Q 2017. Adjusted net[…]
Western Forest Products Inc. (“Western”) announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities (collectively “Columbia Vista”) located in Vancouver, Washington for consideration of $30.5 million, including working capital of $6.7 million. Working capital to be acquired is subject[…]
Indexator from Vindeln in Sweden – the world’s largest manufacturer of hydraulic rotators – is expanding their XR compact rotator range with the small and powerful XR 300. The XR range comprises compact, powerful rotators with heavy-duty bearings. They are designed for extreme applications where rotator function requirements and load capacities are especially high. Optimally[…]
China Forestry Group NZ (CFGNZ) is once again backing local wood processing with a ground-breaking agreement on harvesting and processing wood from Taranaki’s largest forest. China Forestry Group NZ and Taranakipine sawmill in New Plymouth have signed a supply agreement that supports long term wood processing in New Plymouth and employment for the 170 workers[…]
Nearly 100 companies have contracted fully 80% of the available exhibit space for the 35th Forest Products Machinery & Equipment Exposition – Expo 2019 – to be held June 26-28, 2019 at Atlanta’s Georgia World Congress Center. “Participation in Expo is reaching an early sell-out; most of the larger exhibit spaces are already occupied. Many[…]
China announced a 25% tariff on US imports, on a value of $16 billion from 23 August. The taxed products include $1.83 billion of wood products and logs. A large range of wood products are listed in the tariff list, including oak logs, birch logs, OSB, spruce, larch, teak, wooden window frames, shelves, furniture etc.[…]
Gough Cat have announced they have an agreement with United States company Weiler Incorporated to distribute its forestry product line in New Zealand. Founded in 2000, Weiler has a long history of successfully manufacturing equipment distributed through the global Cat dealer network, says Gough Cat Executive General Manager Chris Heaton. “These products complement the Caterpillar[…]