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Editor’s Comment Issue 59 Oct/Nov 2017

At Ecomondo, the international trade fair for material and energy recovery (7 to 10 November in Rimini), Vecoplan AG will be presenting its VEZ 2500 T high-performance shredder and other products. The machines in this series are used for deriving fuels from production waste, sorting waste, packaging material, domestic waste and industrial waste. The fuels[…]

Weyerhaeuser Company has announced the completion of the sale of its timberlands and manufacturing business in Uruguay to a consortium led by BTG Pactual’s Timberland Investment Group for US$402.5 million in cash. The transaction includes over 120,000 hectares of timberlands in north-eastern and north central Uruguay, as well as a plywood and veneer manufacturing facility,[…]

Metsä Group’s sales in January–June 2017 were Euro 2,451.4 million, compared to Euro 2,339.5 million in 1H 2016. The growth in sales is primarily the result of greater delivery volumes. The comparable operating result was Euro 246.9 million, or 10.1% of sales. The operating result improved compared to the previous year, mainly due to the[…]

Canfor Corporation reported net income of $81.3 million for the 2Q 2017, compared to net income of $66.1 million for the 1Q 2017 and a net income of $36 million for the 2Q 2016. For the six months ended June 30, 2017, the Company’s net income was $147.4 million, compared to $62 million for the[…]

An agile thinning machine with great manoeuvrability and stability. This harvester is part of Komatsu Forest’s new XC product series, featuring machines and accessories specially designed for extreme conditions The new Komatsu 901XC is a new and eagerly awaited harvester for thinning in hilly terrain and on soft ground. The eight wheels, combined with the[…]

Wood pellet imports to Asia reached an all-time-high in the 4Q/16 when Japan and South Korea together imported 630,000 tons of pellets. Although import volumes were down slightly in the 1Q/17, they were still over 40% higher than in the 1Q/16, as reported in the latest issue of the Wood Resource Quarterly (WRQ). South Korea[…]

Kadant Inc. completes acquisition of the forest products business of NII FPG Company, a global leader in the design and manufacture of equipment used by sawmills, veneer mills, and other manufacturers in the forest products industry, for approximately $173 million, net of cash acquired, subject to a post-closing adjustment. The transaction was financed through borrowings[…]

Highlights Argento has acquired 100% of the share capital of WoodBois, a leading global trader and producer of sawn timber, for $14.6m over 3 tranches including c$4m equity Gabon Forestry concession actually 96,851 hectares (vs. 41,278ha initially estimated) Potential annual harvest of over 9 million m³ identified by third party inventory assessor Sawmill capacity of[…]

Japanese-owned Pan Pac Forest Products has completed the NZ$24million redevelopment of its Milburn sawmill which is now fully operational and staffed. The Milburn plant, south of Dunedin, near Milton, has some of the newest and most environmentally efficient equipment on site, from its fuel source, to air emission cleansing to its “latest technology” kiln drying[…]