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UFP Industries, Inc. (Nasdaq: UFPI) has announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg’s property, plants and equipment is approximately $16.5 million. Sunbelt also purchased Spartanburg’s net working capital for[…]

China saw a decline in 2020 log imports – According to China Customs, log imports in 2020 totalled 59.20 million cubic metres valued at US$8.415 billion (CIF), a year on year decline of 2% in volume and 11% in value. The average price for imported logs was US$141 (CIF) per cubic metre, down 9% on[…]

John Deere increases the range of its grade control solutions with the launch of SmartGrade on its 210G LC and 350G LC excavators. The factory-installed and -calibrated 3D SmartGrade system is designed to deliver increased productivity and accuracy on the job and provide ease of use to contractors at all levels. “By incorporating precision technology, such as SmartGrade, on our excavator[…]

Paper Excellence announces the acquisition of an interest in the Atli Chip Limited Partnership. The Partnership has acquired the assets of the North Island Chipping facility situated in Beaver Cove, BC, located on the traditional territory of the ‘Namgis First Nation. The facility is capable of processing 300,000 to 400,000 m3 of chips per year for use[…]

Södra is acquiring Ture Johanssons Trävaru AB and AB Tenhults Impregneringsverk. The new sawmill and timber treatment facility will provide a better market for wood in a prioritised area and strengthen Södra’s customer offering in the Swedish building trade. It will also improve Södra’s ability to implement its Group strategy. “We look at specific needs[…]

Nanaimo, BC  ̶  Mosaic Forest Management is announcing its partnership with local Vancouver Island service provider, EcoWest Driven, to introduce several Tesla semi-trucks into log hauling. There are currently no commercially available electric log trucks solutions appropriate for the terrain on Vancouver Island. The BC forest sector has a significant role to play in addressing[…]

TOKYO — Japanese equipment maker Komatsu hopes to generate 140 billion yen ($1.27 billion) in revenue from forest machinery after four years, which would mark a 40% increase, due to robust housing and material demand reports HIROFUMI YAMANAKA NIKKEI Asia. Komatsu intends to fulfill its goal by offering a stronger lineup of equipment such as feller bunchers and forwarders[…]

The decision made by CHH to discontinue supply of structural timber to some merchants comes as no surprise says NZTIF. In recent months all New Zealand sawmills have been under pressure to supply a booming domestic timber market for all end uses; residential building and outdoor timber for uses including fencing decking and landscaping. However,[…]

A decision by Carter Holt Harvey to stop supplying wood products to major retailers could redefine how houses are built in New Zealand, an industry organisation says. Mitre 10 and Bunnings have confirmed to Stuff Carter Holt Harvey has stopped supplying them with wood products. Mitre 10 chief of customer solutions Chris Peak said Carter[…]

You may have noticed that Holmen has changed colors, icons and a new logo in our digital channels, in the annual report and in social media. It is part of Holmen’s new brand identity and affects how we look and communicate. The new identity is based on the interplay between nature and technology. Holmen creates a sustainable[…]