Search Results for: timber group

Södra is forming the Innovation business area. The initiative will involve a stronger focus on new, profitable business, while the other business areas will gain more traction for the development of their existing operations. Catrin Gustavsson, who is currently Senior Vice President Innovation and New Business at Södra, is to become the new Business Area[…]

National forestry services company Harvestco has been awarded the contract to harvest, store and stockpile the first 200,000 tonnes of pine in the Kangaroo Island Plantation Timbers estate. Harvestco started work on the Island in December 2020, clearing rows of trees alongside powerlines, as part of KIPT’s fire prevention work in conjunction with SA Power[…]

The BSW Group has acquired Dick Brothers Forestry Ltd, the UK’s largest timber harvesting company. Established over 25 years ago and headquartered in the Scottish Borders, the business boasts state-of-the-art forestry equipment and market leading capabilities to harvest some of the largest and most complex forests in the UK. Dick Brothers represents a cornerstone acquisition[…]

INVL Asset Management, one of the largest asset management companies in the Baltics, has established the INVL Sustainable Timberland and Farmland Fund II (STAFF II). An initial offering of the fund raised EUR 32.45 million from private investors. The target size is EUR 100 million. The fund will invest in sustainably managed forests and agricultural[…]

Through the agreement, ITOCHU KENZAI Corporation will distribute and resell Timbeter’s solutions in Japan　 ITOCHU KENZAI Corporation, the first trading company in Japan focusing on construction materials, and Timbeter, an Estonian technology company that has developed digital workflow management solutions for the timber industry, have entered into a distribution and reseller agreement. With this agreement,[…]

Russia’s ULK Group is investing close to 400 million euro in one of the country’s biggest sawmill investments in modern times. Their ambition is to have one of the world’s largest and most modern sawmills, with an annual capacity of more than 1 million cubic meters (425,000 MBF) sawn timber and 600,000 t pellets annually,[…]

Kiwi Lumber is to set up permanent operations following the successful trial of a sawmill at Matawhero, Gisborne. The operation will create 50 jobs and pave the way for NZ$15 million of capital investment over the next three years and a substantial investment in systems and teams. Kiwi Lumber managing director Adam Gresham is confident[…]

Timbeter and Cind enter into partnership and launch first cooperation project in Sweden Timbeter, an Estonian company providing an AI-based digital workflow management solution for the timber industry, and the Swedish image processing technology provider Cind (a spin-off from SAAB AB) have signed a cooperation agreement and launched the first joint project for the automation[…]

Canfor Corporation (TSX:CFP) announced today that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital. “We are excited that Vida’s strong performance and balance sheet has enabled them to grow their operating footprint in[…]

Timbeter and the government of Costa Rica kicked-off a project with the goal to support the digitization of forest management, and increase competitiveness of the local forestry sector. The Estonian Environmental Investment Center (KIK in Estonian) is funding the project to bring Timbeter’s technology to Costa Rica, and integrate their technology with the digital solutions[…]