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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[…]

In the State of Mato Grosso, Brazil, there are some 3.2 million hectares of sustainably managed forests and this is expected to rise to 6 million hectares by 2030, as ITTO reports. In all 44 municipalities in Mato Grosso the domestic economy is driven by the forestry sector which ranks 4th amongst all economic sectors.[…]

Sveaskog’s 2Q 2018 net sales rose to SEK 1,918 million ($216 million), an increase of 13%. Sales of wood raw material amounted to 2.9 million cubic metres. Operating profit from continuing operations increased by 12% and amounted to SEK 382 million ($43 million). The improvement in earnings is mainly an effect of higher prices. Difficult[…]

  West Fraser Timber Co. Ltd. reports 2Q 2018 sales of $1,834 million, compared to $1,322 million in the 2Q 2017. Adjusted EBITDA was $593 million, compared to $305 in the 2Q 2017. Lumber segment generated operating earnings of $358 million and Adjusted EBITDA of $467 million. Improved product pricing and increased shipments of 416[…]

Tigercat has announced Mark Tourand has been appointed to the position of product support representative for British Columbia. Tourand will be primarily involved with product support for Tigercat’s extensive customer base in western Canada. Based in Merritt, British Columbia, Tourand has been involved in the equipment industry for over 25 years, previously working as a[…]