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The framework for a 10-year softwood lumber agreement between Canada and the United States could be reached in the coming weeks, an industry analyst says, citing discussions with unnamed trade contacts. In a report released on Thursday, Hamir Patel of CIBC World Markets Inc. said a deal setting quotas on Canadian softwood exports could be[…]

Wood products trade between China and Australia in the first half of 2017 the value of wood products trade between China and Australia rose 17% to US$1,680 million from the same period of 2016 reports www.Woodweek.com Of the total, the value of China’s wood products imports from Australia grew 23% to US$790 million. The value[…]

PRINOTH has announced CG Equipment located in Southern Ontario, Canada as its newest tracked vehicles’ dealer in Canada. CG Equipment has been added as a PRINOTH dealer to represent the PANTHER line-up in Ontario where there is an influx of activity. Well-established as a construction dealer, CG Equipment will service the province’s various markets as[…]

Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced it has entered into an arrangement agreement to acquire Watkins, Minn.-based International Barrier Technology Inc. (Barrier) for $22 million.  The agreement is for 100 percent of the shares of Barrier, a British Columbia company publicly traded on the TSX Venture Exchange, making Barrier a wholly owned subsidiary of[…]

The US pellet plants have produced a total of 1,727 million tonnes of pellets during the first quarter of 2017, 5.4% more than in the same period last year. According to figures of the U.S. Energy Information Administration (EIA) at the U.S. Department of Energy, production of pellets for the heating market and of industrial[…]

Hiab, part of Cargotec, has appointed Hans Ekman as Vice President, Forestry & Recycling Cranes as of 14 August 2017. He will report to Joakim Andersson, head of Hiab’s Cranes Business Line, and be part of the Cranes Leadership Team. Hans is located in Raisio, Finland. “Hans has worked for Hiab’s Demountables Business Line since[…]

Motion Industries, Inc., a wholly owned subsidiary of Genuine Parts Company, announced today that it has entered into a definitive agreement to acquire Numatic Engineering. Execution of the transaction will occur on August 1, 2017. Founded in 1955, Numatic Engineering has over sixty years of experience selling and supporting automation components. Their vast product offering[…]

Forestry investment manager Global Forest Partners has hired investment bank UBS to sell its pine plantation business in New Zealand. It’s understood Global Forest Partners has asked UBS to commence a sale process for Nelson Forests Ltd, which owns more than 60,000 hectares of pine plantations in New Zealand’s Nelson and Marlborough regions. The business[…]

Increasing lumber exports leads to new technology investment – Signs are good right now for the country’s wood processing industry. Shipments from New Zealand into the US market have in fact gone up 37% over just the past four years and during the first five months of 2017. The US has now overtaken Australia as[…]

Thanks to the great team at Champion Freight we’ve got the latest export market activity update for you in a series of really self-explanatory charts. They have some easy-to-read labels on the charts so they are readily identifiable even when printed in black & white, reports Wood Week http://www.woodweek.com/index.cfm?id=442 For log exports from New Zealand[…]