Strong demand in the sawn timber market The new Senior Vice President of Business at UPM Timber, Aki Temmes, estimates that the demand for sawn timber remains at a healthy level, even though the peak of the economic cycle might have been reached last year. “We made good deals and the volumes moved very well[…]
Weyerhaeuser Company reported 2Q 2019 net earnings of $128 million, or 17 cents per diluted share, on net sales of $1.7 billion. This compares with net earnings of $317 million, or 42 cents per diluted share, on net sales of $2.1 billion for the same period last year. Adjusted EBITDA for the 2Q 2019 was[…]
Confor has welcomed strengthened measures on the import of oak into England that are to be introduced to protect trees from the threat of Oak Processionary Moth (OPM). Caroline Ayre, National Manager for England, said Confor had worked closely with the UK Government and its agencies to introduce the tighter controls. She added: “We had[…]
More than 10,000 hectares of new woodland have been planted in Scotland for the first time in almost 20 years, it was recently announced. Confor has welcomed the figures – 11,200 hectares of new planting, up from 7,100 the previous year – and called on the forestry industry to maintain the momentum and drive on[…]
UPM will construct a 2.1 million tonne greenfield eucalyptus pulp mill near Paso de los Toros in central Uruguay, company announced. The mill investment of $2.7 billion will grow UPM’s current pulp capacity by more than 50%, resulting in a step change in the scale of UPM’s pulp business as well as in UPM’s future[…]
In June 2019, exports of logs and wood led the rise in New Zealand’s exports, up 16% or $43.5 million (NZ$65 million) from June 2018 to $316.1 million (NZ$472 million) in June 2019. These commodities are the third-largest goods export group, behind milk powder, butter, and cheese (NZ$1.1 billion) and meat and edible offal (NZ$678[…]
The Government of Canada is investing in Canada’s resources to boost economic competitiveness while protecting the environment. By promoting innovative wood products from sustainably managed forests, Canada is supporting its forestry sector by expanding market access and creating jobs and economic opportunities for Canadians, Natural Resources Canada announced. The multi-year investment will amount to over[…]
With more competitive sawlog costs in Germany, the lumber industry has expanded its export sales in 2019, reports the WRQ Large volumes of storm and insect damaged trees in Germany have resulted in an oversupply of logs and declining sawlog prices in 2018 and 2019, reports the WRQ. Sawmills have ramped up production, and export sales[…]
John Yakabuski, Minister of Natural Resources and Forestry, announced an investment of almost $5 million in Element5’s new CLT plant, which will create over 60 jobs in St. Thomas. The $32 million manufacturing facility will help support the forestry sector’s 150,000 direct and indirect jobs in Ontario. Element5’s facility will be one of North America’s[…]
John Deere now offers Intelligent Boom Control (IBC) on the 1470G Harvester – the largest harvester model available in the John Deere line-up. The IBC technology, first introduced to the harvester category by John Deere in 2018, increases precision and accuracy during operation, boosting operator productivity. Available exclusively on the CH9 boom, with IBC the[…]