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Sawmills in Europe and North America enjoyed record profits during the first half of 2021, but fell in the 3Q when lumber prices plunged. Sawmill profits in North America and Europe continued to rise in the spring and early summer of 2021, surging to all-time highs on both continents. With lumber prices reaching unprecedented levels[…]

Komatsu Forest have announced changes in top management of Komatsu Forest Ltda Brazil. The company’s current managing director (MD), Mr Felipe Viera has decided to leave the company in pursuit of other professional challenges in a different business segment. Mr Juergen Munz is temporarily taking on the role as MD for Komatsu Forest Brazil. Mr[…]

Pezzolato have recently delivered a new equipment for the preparation of firewood to a long-standing customer in northern Italy, designed to work with heterogeneous materials and with dimensions up to 900 mm in diameter. The TLA 15 cutting unit, equipped with a 1500 mm diameter disc to cut bundles of wood and single logs with[…]

Vancouver, B.C. – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company”) (TSX and NYSE: WFG) has announced that further to its news release of October 12, 2021, the U.S. regulatory review has been completed and the other closing conditions have been satisfied.  As such, the Company is proceeding to close the acquisition of[…]

This video first released in October 2021 marks the significant milestone of the planting of two billionth tree in 2021. Reaching this milestone reflects West Frasers 65-year commitment to sustainable forest management in Alberta and B.C., where they directly manage the forest lands for its operations. In other jurisdictions, such as their operations in central[…]

INVL Asset Management (“INVL”) today announces the successful full exit of its INVL Baltic Forests Fund I vehicle as it transitions towards a full focus on its recently announced successor, INVL Sustainable Timberland and Farmland Fund II (“STAFF II”). The acquirer of the portfolio is Latvian Forest Company AB. INVL Baltic Forests Fund I was[…]

Latvian Forest Company AB (publ) (“LFC”)  has completed the purchase of all shares in UAB Siluona today. Through the purchase, LFC will acquire 1,338 hectares of land with 301,000 cubic meters of timber stock. The transaction value of UAB Siluona’s value-creating assets: forest and agricultural properties amounts to EUR 7.5 million. The purchase price for the shares amounts[…]

Weyerhaeuser Company (NYSE: WY) has announced the appointment of David Graham as president of Weyerhaeuser Company Limited, its wholly owned Canadian Subsidiary, effective January 1, 2022. Graham will report to Travis Keatley, senior vice president of Timberlands, and his appointment follows the planned retirement of Fred Dzida, who has served as president of the company’s Canadian subsidiary since 2014 and will[…]

PONSSE Elephant King – more wood in one go The Elephant King forwarder is the most powerful machine in PONSSE’s forwarder range. Possibly the most productive forwarder on the market, offering a superior level of comfort, it is particularly economical and efficient when transport distances are long or transported trees are large. Forwarders. When Elephant[…]

Using the Perception HEAD enables the Woodtech Division of Wintersteiger AG to precisely detect the structure of defects in wood. This allows chemical characteristics such as blue stain, weak spots, branch decay, galls, and knotholes to be precisely scanned & machined, setting new quality assurance standards in the timber industry. Changes in the price of wood alongside[…]