Deere & Company has invested more than 50 million euros in the Finnish forest machine business this decade. The latest investment, to expand the factory and increase capacity, is the biggest single investment in the Joensuu factory in John Deere Forestry Oy’s history. Implementation of the investment will begin in summer 2019 and it will[…]
After a year of record-breaking profits, British Columbia’s forest companies are bracing for a hard crash. And many small towns in rural B.C. , where economies rely on the sound of saws ripping through timber, could be on the precipice of extremely challenging times. “That keeps me up at night,” Premier John Horgan admitted to[…]
Last Friday night in Dunedin there was an outstanding turnout by local forestry companies, contractors and transport operators from throughout the lower South Island of New Zealand. The function was the 2019 Southern Wood Council Forestry Awards. The Council, representing all major forest owners and wood processing companies in Otago and Southland ran the 2019[…]
Forests are vitally important for sustaining life on Earth – they play a major role in the fight against climate change. With the 2019 session of the United Nations Forum on Forests wrapping up recently in New York, we delve deeper into the subject, and find out what the UN is doing to safeguard and[…]
Jartek delivered to Donelley Sawmillers Ltd first wood thermal modification chamber and thermal oil boiler plant in 2017. During year 2018 this plant with one 35 cubic metres chamber was not able to satisfy demand of thermally modified Radiata Pine and company decided to invest to second similar chamber. Jartek is leading supplier in Finnish[…]
Ontario government is investing $5.5 million over five years in Ben Hokum & Son Ltd sawmill, helping the lumber producer protect over 100 jobs, create at least five new jobs and purchase new technologies to optimize its business. These investments are expected to result in a significant jump in domestic sales as well as exports.[…]
Lumber prices in North America continued their decline from the 3Q/18 with another quarter of substantial reductions. Average lumber prices for southern yellow pine were down 12% quarter-over-quarter in the 3Q/18, which was then followed by a reduction of 17% in the 4Q/18. With practically no change in log or chip prices, gross margins, and[…]
Wood is an established and versatile construction material, used to build everything from high-rises and airports to apartment buildings. It also, however, is not immune to catching fire. A new coating could help keep that from happening, and it’s actually made from wood. Developed in Finland by scientists at the VTT Technical Research Centre, the[…]
Over 22 million tons of wood pellets were shipped globally in 2018, up 21% from 2017. The US, Canada, Vietnam, Latvia and Russia, accounted for 69% of global exports in 2018, reports the North American Wood Fiber Review Global trade of wood pellets jumped more than 21% year-over-year in 2018 when a new record of[…]
Softwood lumber prices have generally fallen faster than the costs for sawlogs throughout the world in late 2018, resulting in lower margins for the sawmilling sector, according to the WRQ. In western US and western Canada, margins fell to unprofitable levels and many sawmills in the region curtailed production in late 2018 and early 2019.[…]