Search Results for: timber group

Canfor Corporation (TSX:CFP) announced today that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital. “We are excited that Vida’s strong performance and balance sheet has enabled them to grow their operating footprint in[…]

Timbeter and the government of Costa Rica kicked-off a project with the goal to support the digitization of forest management, and increase competitiveness of the local forestry sector. The Estonian Environmental Investment Center (KIK in Estonian) is funding the project to bring Timbeter’s technology to Costa Rica, and integrate their technology with the digital solutions[…]

Efforts to rebuild a stronger export economy will be short-lived if the country doesn’t start addressing the cost of unfair trade practices by China, wood and steel processors say. A surge in export log prices – driven by demand from China – is part of a recurring issue that successive governments have failed to address, said[…]

The second stage of KsilotekSibir LLC fuel pellet plant has been launched five months in advance of the project schedule at the manufacturing site of Lesosibirsky LDK No. 1 JSC, asset of Segezha Group (part of Sistema JSFC). The new plant has brought the total pellet production capacity of the company to 110.5 thousand tons of[…]

The Province of BC was set to plant 308 million trees this spring, but the COVID-19 pandemic has put major brakes on the situation. The key issue is what to do with the hundreds of people who would be relocating to work camps across the province, according to the Ministry of Forests, Lands, Natural Resource[…]

Despite the emergency situation caused by the coronavirus, everyday life at Koskisen production plants is still close to normal. Logs are being bought to be sawn at the sawmill and peeled at the plywood mill. The chips from the process are used to manufacture chipboard, which is currently in high demand – people now have[…]

Metsä Group is to invest €200m and build the world’s most modern sawmill in Rauma. It will be Finland’s largest ever sawmill investment. Investing €200m in the Rauma project, Metsä’s newest sawmill will have a projected capacity of 750,000 m3 of sawn pine timber per year. The new sawmill will utilise machine vision and artificial intelligence in different[…]

Metsä Fibre has made the decision to build the world’s most modern sawmill in Rauma, Finland. Construction will begin in the spring of 2020. Production at the sawmill is set to begin during the 3Q 2022. The coronavirus outbreak may have an impact on the schedules. Ilkka Hämälä, President and CEO of Metsä Group, says: “The[…]

EDITOR’S COMMENT ISSUE 73 A large part of me wants to use these column inches to focus on the international trade concerns that stem from the outbreak of the coronavirus in, and from, China. The nation’s position as a major demand engine for natural resources, including timber, suggests the fortunes of the international wood trade will[…]

A big deficit in the supply of hardwood woodchips is expected in the Asia-Pacific in the next three-to-five years, with demand in China, already the world’s biggest importer, expected to continue growing, according to Australian forestry giant Midway Group. Source: Philip Hopkins for Timberbiz Midway’s managing director, Tony Price, told the recent DANA conference in[…]