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New Forests Pty, a specialist investment management and advisory services firm, has reached agreement on the sale of a minority equity position in the company to Generation Investment Management. Generation Investment Management is a London-headquartered fund management business dedicated to long term investment and integrated sustainability research. The link between the two companies will explore[…]

In Canada, the Alberta government has directed C$55.2 million in funding to continue pro-active action against mountain pine beetle infestations in the province. “This funding gives us the resources we need to continue our fight against this threat to our forests,” Sustainable Resource Development (SRD) Minister Ted Morton said. “The time to attack the beetle[…]

The forestry industry in British Columbia has been hammered over the last 12 months from all sides. As Innovatek notes in this week’s Friday Offcuts, “mill closures, job layoffs (the West Coast’s largest forestry company, Western Forest Products, just announced that it’s shutting down most of it’s logging operations next week with 800 loggers affected[…]

Skogsnolia – one of Sweden’s most important industry trade fairs – is strengthening its collaboration with the trade association, MaskinLeverantörerna Forestry Section, for the supply of mobile machines. “We have long wanted the timing of the different trade fairs in Sweden to result in a fair every other year,” said Björn Bäckström, MaskinLeverantörerna’s CEO. “Nolia[…]

Australia’s CSIRO is providing technical expertise in support of what US science magazine, Discover, has described as one of ‘the six most important experiments in the world’ – the Planted Forests Project on the island of Borneo. “This Malaysian project is visionary,” says the leader of the CSIRO team, David Boden. “Around the world we’ve[…]

This year is an important one for Komatsu Forest. “Having spent time mustering our strength, we’re now ready to launch our new harvesters, forwarders, control systems, harvesting heads, and fellers on a broad front,” the company reports. “This is actually the most extensive update to our product range for very many years. I’m very proud[…]

South Korea is becoming a significant user of wood and recent changes in government economic development plans indicate that the country could see significant growth in the construction of wood-frame single- and multi-family houses over the next 15 years. In contrast to Japan (a country with a long tradition of building wooden homes) and China,[…]

Despite the slowing housing market and subsequent downturn afflicting lumber mills, forests in the Pacific Northwest remain a valuable resource with important products that are still in demand. The lumber industry is down 20% from normal production levels as many mills reduce shifts, take downtime or permanently shut down, said Gordon Culbertson, Pacific Northwest region[…]

Paso Pacifico, Carbonfund.org, the Climate, Community & Biodiversity Alliance (CCBA) and the Rainforest Alliance have announced an innovative reforestation project, Return to Forest, aimed at combating climate change, conserving biodiversity and supporting local communities in Nicaragua. This project uses carbon finance to restore approximately 410 ha of tropical forest in Central America’s most critically endangered[…]

Tembec today announced a temporary shutdown for at least three months at its Senneterre sawmill located in Quebec, effective May 9. The shutdown decision was based on the lack of wood supply in the region. “The announced shutdown is a clear consequence of the volume reduction brought about by the latest Chief Forester’s evaluation of[…]