New research has revealed that Australian Paper’s operations generate almost AU$1 billion per annum in economic benefits for Australia. According to a Western Research Institute report released on Wednesday, the national benefits include AU$911 million in gross domestic profit (GDP), AU$495 million in household income and 5,786 full time equivalent (FTE) jobs. In addition, the[…]
New Zealand’s Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith has announced NZ$2 million funding for a wood-processing facility which uses automation and robotics to turn low-value pine trees into high-value wood products reports Scoop. This is just one of the local initiatives announced at the release of the Tairawhiti Economic[…]
On behalf of American Softwoods, two recent presentations in Semarang and Surabaya, Indonesia, introduced importers and key decision makers to American softwood products. SFPA’s Eric Gee introduced the features and benefits of Southern Pine materials, including treated products. While markets for pressure-treated lumber exist, a better understanding of proper retention levels and recommended preservative types[…]
A truck roll-over prevention program being delivered in the Green Triangle region of southwest Victoria and south-east South Australia, is showing signs of success with the number of incidents decreasing by 65% in 2016. Alan Pincott from Australian Trucking Safety Services and Solutions, said the Green Triangle area has been over represented in heavy vehicle[…]
Canadian Centre for Policy Alternatives report prompts call for ban on log exports from old growth forests One of the planks in NDP Leader John Horgan’s election platform is made from raw logs (he wants their export “curtailed”), and the Canadian Centre for Policy Alternatives is helping him hammer it down trports Business Vancouver. Horgan[…]
The long wait for Australian-made cross laminated timber (CLT) is nearly over reports Wood Week. Xlam Australia will open its first CLT manufacturing plant in Wodonga and be producing panels for construction by the close of 2017. The company shared its plans to build a factory in the Albury Wodonga region with Architecture & Design[…]
NZ roundwood log prices jump to a record on demand from construction, horticulture industries – Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record reports Wood Week. The average price for roundwood logs rose to $90 a tonne in February, up $5[…]
Deltic Timber Corp. of El Dorado on Monday named John D. Enlow, formerly of Weyerhaeuser, as its new chief executive and revealed that it had fired its chief financial officer for misappropriating “certain company assets for personal use” reports Arkansas Business. The publicly traded timber and real estate company (NYSE: DEL) also reported fourth-quarter and fiscal year results, which[…]
Mercer International Inc. has entered into an agreement to acquire substantially all of the assets of one of Germany’s largest sawmills and a bio-mass power plant, near Friesau, Germany for approximately $55.1 million plus defined working capital of approximately $9 million. The transaction is subject to customary closing conditions, including receipt of requisite regulatory approvals,[…]
SKOWHEGAN – The Professional Logging Contractors (PLC) of Maine today issued a statement praising a decision by Sappi Ltd. to invest $165 million in Paper Machine No. 1 at its Somerset Mill in Skowhegan as a move that will benefit hundreds of Maine loggers and truckers. The investment at the Somerset Mill is intended to[…]