Archives: Uncategorised

Maibec concluded a transaction with Group Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Quebec and Masardis, Maine. The 315 employees of Maibec that are concerned by this transaction will maintain their employment with Groupe Lebel. “Maibec will now focus on growing its pre-stained exterior siding’s systems based on[…]

Weyerhaeuser Company reported 2Q 2018 net earnings of $317 million, or 42 cents per diluted share, on net sales of $2.1 billion. This compares with earnings of $24 million, or 3 cents per diluted share, on net sales of $1.8 billion for the same period last year. Excluding net after-tax special charges of $15 million, the[…]

Rossi Group LLC of Connecticut has opened its new mill at Emporium in western Pennsylvania, one of the most advanced in America, following the destruction of its sawmill by fire just 15 months earlier. The mill is expected to be fully operational by the end of the year, reports  TTJ. Production of graded lumber will[…]

New Zealand’s booming export log market is starting to catch the jitters as concerns mount about the impact of US President Donald Trump’s trade war. Demand for New Zealand logs has been strong over recent years as local sawmills compete with the export market to source logs for local construction, at a time when demand[…]

Integrated Australian forestry and timber processing company, Associated Kiln Driers ( AKD ) is pleased to confirm that it has signed an agreement with Carter Holt Harvey (CHH) to acquire all of the shares of Carter Holt Harvey Timber Pty Ltd (CHHT). CHHT owns CHH’s New South Wales sawmilling business. The major assets of the[…]

Wooden tires don’t have the best ring to them, but Michelin firmly believes they’ll be a reality in 2020. The French tire maker told Motoring in a report published this month of its plans to introduce wood into tires, and it’s all about moving away from oil. Cyrille Roget, Michelin’s worldwide director of scientific and[…]

LINX Cargo Care Group, and its subsidiary C3 Limited, has announced  that it has been successful in its bid to acquire Pedersen Group, a market leading provider of wood chipping and woodyard management services to pulp and paper mills, and forest owners in Australia and New Zealand. Pedersen Group handles over 8.3 million tonnes per[…]

The Indian log market has reached China price parity with ‘A’ longs now selling for USD 159-160/JASm3. While volumes delivered to this market are 14% down year on year to May 2018, it has been a steady market and exporters still expect an increase in demand in Q4. There is an increased schedule of ship[…]

Log Market Summary July’s At-Wharf-Gate (AWG) prices for logs delivered to ports around New Zealand are relatively unchanged from June prices. However, some exporters have strategically changed some prices of various grades and lengths, but the overall average price remains unchanged. There has been the usual seasonal slow-down in log demand as the weather heats[…]

Södra reported sustained strong operating profit of SEK 1,318 million ($149 million) for the 2Q, the best quarterly result ever. The market trend was positive for all of the company product categories and completed investments, efficiency improvements and restructuring are reflected in the result. Consolidated net sales for the 2Q rose 26% year-on-year to SEK[…]