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Until about six months ago, B.C.’s forestry companies were riding a lumber bull market. Record-high lumber prices in the U.S. had muted softwood lumber duties, and B.C. forestry companies were netting record profits. But the party may be over reports Nelson Bennett, BIV. A shrinking timber supply and high log prices in B.C. and a[…]

Business is good for Biewer Lumber. So good the company announced the expansion of their sawmill in Newton and ramp up production by 100-million board feet per year reports WJTZ12. The expansion means forty-five new jobs will be added to operations at the facility. The development represents a $40 million corporate expansion. Governor Phil Bryant[…]

One year after leading B.C.’s largest-ever forestry-sector delegation to Asia, B.C. Forests/Rural Development Minister Doug Donaldson is taking an even larger group to three key Asian countries this winter in a push to expand exports beyond the suddenly slowing American market reports Chuck Chiang, BIV. Donaldson, whose portfolio also includes Lands and Natural Resources Operations,[…]

The UK Forest Market Report 2018, launched in London November 21, has revealed a continuing great performance from forestry investment. Many UK forest owners who purchased their property 30 or 40 years ago are now reaping exceptional rewards for patiently growing their timber assets. Not only is their investment showing returns of 13.9% per annum[…]

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[…]