Forest Products Industry
Monday.com Ltd. (MNDY) Fell as it Failed to Sustain the Momentum
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How Much Further Can the "Magnificent Seven" Fall? Here's What History Suggests.
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Forget 60/40. BlackRock's Larry Fink wants investors to embrace 50/30/20.
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3 Elite High-Yield Dividend Stocks That Could Supply You With a Lifetime of Rising Passive Income
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New products ringing a Bell
Bell Equipment is releasing new products each designed to add value to an operation and make work easier whether you need precision grading, powerful haulage, or versatile material handling. Source: Timberbiz The much-anticipated Bell Motor Grader, which goes into full production in Q3, is the showstopper. The range offers three base models, available in four-wheel drive or six-wheel drive to suit a customer’s specific needs. These machines are powered by quiet and efficient Cummins engines paired with smooth ZF transmissions, ensuring reliability and fuel efficiency. Designed for longer roading, Bell Graders feature enhanced trunnion bearing life and integrated axle cooling, extending brake life. A precision-sealed circle bearing ensures exceptional grading accuracy while minimising wear and maintenance. The hydromechanical transmission with tandem axle creep provides superior control, while the cantilevered ripper ensures the most effective ripping angle. Additionally, an on-the-go automatic differential lock delivers traction precisely when needed. Bell Equipment is expanding its trusted Series 5 tractor range with a 4×4 200hp model, the Bell 2006AF. Offering more power for an improved power-to-weight ratio and increased fuel economy, this model is a game-changer for those requiring a robust and efficient agricultural workhorse. Powered by a robust and reliable John Deere engine that delivers 785Nm of torque through an Allison automatic transmission, the 2006AF achieves haul speeds of up to 40km/h and handles undulating terrain with ease, thanks to its automatic 4×4 feature, which detects wheelspin and engages 4×4 until full grip is restored. Rear disc brakes provide safe and effective braking performance. A prototype has already clocked more than 5,000 hours hauling 40-tonne loads of timber on haul cycles of up to 65km and had earned the title of “the best machine on site.”
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Stock market today: S&P 500, Nasdaq, Dow slide as investors brace for Trump's tariff bazooka
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EU’s new political agenda delivering on the Green Deal
The European Commission has recently unveiled its new political agenda prioritizing simplification and reducing administrative burdens to boost competitiveness for businesses. At the same time, the Commission has reaffirmed that delivering on the EU Green Deal remains a priority. Source: Timberbiz The European Union Deforestation Regulation (EUDR) is one of the landmark EU Green Deal initiatives – and it serves as a catalyst for action to fight deforestation in Europe and globally. At FSC, they believe that sustainability and competitiveness goals can and must go hand in hand. Calls for regulatory simplification should not undermine the ambitions to halt deforestation and forest degradation. Originally set to apply in December 2024, the EUDR is now scheduled to enter into force at the end of 2025. Alongside the delay, discussions on simplification measures have been gaining momentum as part of the broader EU omnibus simplification package. However, simplification and delays must not translate into inaction. Now is the time to test solutions, build partnerships, and remain committed to forests. Businesses have a unique opportunity to lead the way, demonstrating that deforestation-free supply chains are not only possible but can also become a driver of long-term market resilience. Below is a selection of tools and actions to start making EUDR a reality: New EU Commission website The EU Commission has revamped its EUDR webpage. It offers updated information and tools for implementation. Staying informed is the first step for compliance preparation. EU guide on value chain scenarios by company type A new EU Commission document provides an overview of how obligations apply, depending on company type (operator/trader), size, and position in the supply chain within the EU. The guide illustrates 10 different supply chain scenarios to help companies identify their obligations. EUDR – myth vs reality guidance EUDR is often surrounded by misconceptions. For example, compliance does not necessarily mean excessive paperwork—due diligence can be managed online, with information submitted once in the EU Information System and later reused. The EU information system Due diligence statements must be submitted electronically in the EUDR Information System, where national authorities will verify compliance. The system will feature an Application Programming Interface (API) to ensure interoperability with emerging tech tools and existing business management systems. Videos and trainings explaining how the system works are available here. FSC is developing a new technology based on blockchain, FSC Trace, which will facilitate and simplify data collection and automatic uploads for compliance. EUDR Competent Authorities (CAs) EU Member States have designated almost all authorities responsible for enforcing EUDR. These authorities will verify information submitted by operators and traders, in and outside the EU, request clarifications, restrict non-compliant products, and impose penalties. EUDR guidance document & new FAQs The European Commission has tabled a non-binding guidance document to support harmonized EUDR implementation. It clarifies key aspects such as traceability, legality, and role of certification schemes, such as FSC, in supporting compliance. The document does not substitute the law and can be used a reference for operators, traders, and authorities. The Commission has also updated its Frequently Asked Questions (FAQs) to address stakeholders’ concerns. FAQs are regularly updated, make sure to review them. Businesses can already take proactive steps, such as improving supply chain transparency, conducting risk assessments, establishing due diligence processes, engaging with smallholders and suppliers, educating internal teams, and considering certification with an EUDR-aligned system relevant to their products. FSC is committed to fighting deforestation and supporting companies in their journey towards EUDR compliance. FSC’s rigorous certification already lays down a strong foundation, serving as a bridge between sustainability goals and regulatory needs. FSC’s tailored EUDR-aligned solutions provide a comprehensive, fully aligned approach that streamlines compliance, offering detailed risk assessments and traceability solutions beyond deforestation and helping businesses meet evolving environmental and social requirements. Next steps Monitor EU Commission updates – Stay informed about evolving EUDR tools and updates. Leverage FSC resources – Leverage FSC certifications and solutions to streamline compliance efforts whilst strengthening sustainability performance. Take action now – Test and implement solutions to demonstrate your commitment The EUDR delay offers more time to ensure effective implementation – not a reason to wait. By preparing early, building partnerships and leveraging new and existing tools to simplify processes, companies can turn compliance into an opportunity. The path to deforestation-free supply chains combines streamlined compliance without compromising sustainability ambitions. Despite uncertainties, we can all act today to make the EUDR a reality.
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Controversial logging bill opening up Oregon to lawsuits
Lawmakers have moved forward a controversial logging bill that could open the state up to lawsuits if Oregon doesn’t log enough timber in a given year. Source: OPB Representatives in the House Committee on Natural Resources unanimously advanced House Bill 3103is. The bill would allow counties and the timber industry to sue the state forester if Oregon logs less than the Department of Forestry forecasts in its once-a-decade estimates. There are exceptions if a large mass of trees is destroyed by wildfires, diseases or storms. “Really, this is a timber industry way of creating more litigation against the state,” Cascadia Wildlands attorney Nick Cady said. The Oregon Department of Forestry manages 745,000 acres of forestlands across 15 counties. Back in the late 1930s, counties reclaimed ownership of these lands after they went into foreclosure, but these forested areas couldn’t generate property taxes under county ownership. So, state lawmakers reached deals with these counties, giving them the option to transfer these lands to the state in exchange for 64% of logging revenues in perpetuity. Every decade, the Oregon Department of Forestry estimates how much timber it could log from state land for the next 10 years. Timber industry representatives and county officials say the department tends to over-promise and under deliver, making it difficult for them to plan ahead. More than 1,160 people submitted written testimony in response to the bill, and of those, 80% opposed it. Most of these opponents, including many environmental nonprofits, said they were concerned the bill would undermine state environmental regulations meant to protect threatened and endangered species including the state’s Western Habitat Conservation Plan, which is awaiting federal approval. The bill’s five sponsors, all Republicans, added an amendment. The addition preserves the state’s ability to implement other environmental regulations, like the Habitat Conservation Plan. That placated the environmental nonprofit Wild Salmon Centre, which moved its stance to neutral with this amendment. That was enough to pull some Democrats in the committee to vote for the bill. “I am still uncomfortable with the judicial review that’s in the bill,” Rep. Pam Marsh, D-Ashland, said. “But I do appreciate the good-spirited efforts to bring the Wild Salmon Centre to neutral with changes in the bill, so I will support the bill.” Some other conservation groups remain against the bill as it stands, including Oregon Wild and Cascadia Wildlands. “This is just going to create a kind of an endless stream of litigation for the foreseeable future,” Mr Cady said. “I don’t think it’s in Oregonian’s interest to pay a bunch of timber industry lawyers and the state’s lawyers to fight a nonstop, continuous fight over state harvest levels.” It’s a strange time to approve new laws that would impact the state forester, a position that is currently vacant. Interim deputy state forester Kate Skinner took over as acting state forester when Cal Mukumoto abruptly resigned in January. HB 3103 now moves to the Ways and Means committee, which will decide whether to move it to the House floor for a full vote.
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Lessons from a saw accident in the workplace
On 20 December 2021, Ashley Industrial Services Ltd – a family-owned sawmill/manufacturing plant in Oxford, New Zealand experienced a tragic accident. While operating a trim saw to trim wane from the ends of timber, an employee accidentally had his hand strike the saw’s blade. The result was devastating, the worker lost parts of two fingers and sustained a degloving injury to another. Source: Timberbiz The crushing incident has led the company to further evaluate what it considered were already robust health and safety procedures and to further invest in improved safety measures. Some of our key learnings include: The value of investing in safer machinery. In response to the incident, the company has heavily invested in new safer machinery, machinery housing and guarding upgrades that total up to NZ$1 million. Those upgrades included re-fitting the jump saw, installing a new emergency rope system on the conveyor, installing a pack saw and new optimizer and specialised machine housing. These investments not only replace our outdated equipment but also enhanced our overall health and safety measures, ensuring our operations meet the highest standards. Standards and Risk Assessment. Ashley Industrial also learned that relying solely on international safety benchmarks for machinery and guarding isn’t enough. New Zealand’s requirements differ, and it is vital to conduct your own risk assessments against New Zealand’s standard. The company employed an ongoing external health and safety consultant to assist in reviewing all existing and new machinery risk matrixes. They also helped to review and improve all written systems including auditing systems and standard operating procedures (SOPs). Training, Discipline, and Culture. The company’s approach to safety now includes further training opportunities, a more thorough assessment regime, regular licence checks and stricter disciplinary around employee personal protective equipment (PPE) breaches. More than anything, this experience has reinforced that it may not be reasonable to eliminate all risks entirely, you can aim to and work together to minimise risk. Ashley Industrial says that the lessons learned extend beyond the own sawmill. For everyone involved in the sawmilling sector or any business using heavy machinery the following points are crucial: Tailor safety measures. Conduct thorough risk assessments and align your safeguarding measures with New Zealand’s regulatory requirements. Prioritise your people over productivity, a culture where your staff feel safe and valued is the foundation of long-term productivity and safety. Ensure your teams know their safety and wellbeing comes first. They are mothers, fathers, partners and children and their safety is paramount. Continue investing in upgrades, training and external advice or audits, regular reviews of equipment, comprehensive training programs, and strict adherence to operational procedures. These can all prevent accidents before they occur. Consider every upgrade as an investment in your people. Collaborate and share your best practices. We are in an industry where the challenges are shared and collaborating and supporting each other creates a safer environment across the board. Be proactive about your health and safety; we can never predict when an accident may occur, but we can be prepared.
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Scion joins IUFRO in new task forces
The International Union of Forest Research Organisations (IUFRO) recently announced 12 new task forces for the 2025 to 2030 period. Scion will be involved in three of them. Source: Timberbiz Task Forces are interdisciplinary activities working on topics of global interest and importance with specific outputs and outcomes. Scion as New Zealand’s leading research institute for forestry, industrial biotech and advanced manufacturing has the unique perspective to create opportunity and growth in ‘end-to-end’ value chains that are at the heart of a prosperous bioeconomy. Stand complexity in planted forests Harnessing stand complexity to improve the resilience of single – and mixed-species plantations for nature climate and people’ – Christophe Orazio of IEFC is co-ordinator. Scion principal researcher Tim Payn is one of the deputy coordinators, and silviculture and forest carbon scientist Alan Jones is a member. This Task Force will act as a focal point for developing and communicating scientific evidence on complexity and resilience in planted forests – testing the hypothesis that increased complexity increases resilience while preserving performance. Building an integrated vision of the forest-based sector within a bioeconomy, Ivana Zivojinovic (BOKU) co-ordinator. Scion forest ecology and management scientist, Tim Barnard, and portfolio leader – distributed manufacturing, Marc Gaugler, are members. This task force will build an integrated vision of a forest-based sector within a bioeconomy, based on perceptions and views of IUFRO member institutions, researchers, scientists and related experts. This new vision would be supported by science-based frameworks that include metrics, methodologies, implementation guidelines and would include bridges to other sectors of the bioeconomy that interrelate with forests. Scaling-Up Science-based Forest Sector Innovation with Lyndall Bull (FAO) as co-ordinator. Scion’s general manager – forests to timber-based products, Henri Bailleres, is a member. This Task Force will create a Community of Practice focused on supporting the scaling up of science-based innovation in the forest sector by raising awareness, improving education and communication, fostering research, developing partnerships, and providing policy support to create a more conducive environment for forest sector innovation ecosystems. In addition, Scion principal researcher Peter Clinton is IUFRO’s New Zealand Country Representative. Scion staff have had long involvement in IUFRO over numerous Divisions and Working Parties and co-ordinating large IUFRO events. Involvement in these international initiatives is highly beneficial to New Zealand, allowing us to keep abreast of new science and technology thinking and also position Scion and New Zealand globally.
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FSC Australia AGM
Members are invited to the Annual General Meeting of Responsible Forest Management Australia Limited (FSC Australia) and the associated Membership Networking Event in May. Source: Timberbiz The AGM will be held on Thursday 29 May at the Treetops Room at the Melbourne Museum (and online) and feature presentations and opportunities to connect with the FSC community. While the AGM is hybrid, attending in person will make the most of the networking opportunities and engaging discussions. Details including the agenda and RSVP information will be released in the coming weeks.
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Interim findings into non-synthetic fungicide options for myrtle rust
Dr Rob Beresford of PFR shared interim findings from his research into non-synthetic fungicide options for controlling myrtle rust. Source: Timberbiz The study involved glasshouse and field trials using a range of alternative products on the highly susceptible cultivar Lophomyrtus ‘Red Dragon’. Each treatment was assessed for both efficacy in preventing infection and any adverse effects on plant health (phytotoxicity). While synthetic fungicides remain the most effective option, some promising results emerged from alternatives: Copper-based fungicides (oxide, oxychloride, hydroxide) and sulphur offered moderate protection with minimal phytotoxic effects. Sodium bicarbonate (5%) was somewhat effective in preventing infection but caused severe plant damage, including shoot dieback and suppressed growth. Lower concentrations of sodium bicarbonate and potassium-based products (bicarbonate and silicate) were less effective and still showed moderate to high phytotoxicity. A full report is due soon, after which NZPPI will update the Myrtle Rust Prevention with Fungicides protocol to reflect the latest science. Dr Beresford’s webinar will be uploaded to the Beyond Myrtle Rust website. You can download the NZPI information sheet on Myrtle Rust Prevention with Fungicides here.
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Memorial event for Colin MacKenzie
Timber Queensland and Colin MacKenzie’s family will honour his life and significant contributions to the forest and timber industry at a memorial event in Brisbane. All Timber Queensland members, along with Mr MacKenzie’s friends and colleagues from across the country, are invited to attend. Source: Timberbiz Mr MacKenzie passed away on the morning of 24 March in Brisbane aged 75 following a period of illness and is survived by his loving wife Christine and daughters Aleisha and Trina. A colleague, mentor, visionary and friend, Colin’s impact on the forest and timber industry was profound, with Timber Queensland, the broader timber and building industry and the community all owing him a great debt for his tireless efforts. Colin’s legacy is one of dedication, innovation, technical excellence, and unwavering support for colleagues and the sector. This gathering will provide an opportunity to share memories, reflect on his impact, and celebrate his life among friends and peers. Timber Queensland will contact you to confirm details and your attendance in due course. Date: Wednesday 21 May Time: 3:00pm – 5:00pm Venue: To be confirmed based on number of EOIs. It will be within 15 minutes of the CBD. To assist with planning an appropriate venue please register your interest here by Friday 11 April to assist with arrangements.
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Stable conditions for new home sales
The volume of new homes sold in February was relatively unchanged from the previous month’s increase in sale, according to the Housing Industry Association. Source: Timberbiz The HIA New Home Sales report is a monthly survey of the largest volume home builders in the five largest states and is a leading indicator of future detached home construction. “The RBA delivered its first rate cut in four years on the 19th of February. It may take a few more months to see the effects of this rate cut on the market,” HIA Economist, Maurice Tapang, said. “A pick-up in sales at the start of 2025 has been consistent with the stable economic conditions arising. “Australia’s economy continues to grow, while unemployment remains very low, inflation is easing, and wages are growing in real terms. “While Australia’s population growth is moderating, it is doing so off very high levels. This strong population growth will only ensure underlying demand for housing remains solid,” he said. “The strong economic and household factors will offset the challenges of the higher cost of materials, labour, land and taxes on new homes. “It will be state and local factors that will determine the pick-up in home building activity across the different regions. “Those that are able to help lower the cost of and increase the supply of shovel-ready land will see a stronger increase in activity. “On the other hand, in capital cities and regions where the tax and regulatory imposts on land and new home building is high, the volume of new home starts will remain constrained. “This has already been evident in the contrast between Queensland, South Australia and Western Australia where sales have been picking up, while New South Wales and Victoria remain weak,” Mr Tapang said. In the three months to February 2025, new home sales increased in New South Wales by 55.4% compared with the same period in the previous year, off a very low base. This was followed by South Australia (+18.9%) and Queensland (+14.6%). Victoria recorded a 4.3% decrease over the same period, while Western Australia saw a 20.3% decline, off a high base last year.
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Turning from farming sheep and cattle to carbon farming
Forestry has long been part of the An Cala farming operations in Tasmania’s Central Midlands and fifth-generation farm manager Dougal Morrison is continuing the practice to aid the Oatlands enterprise’s business diversification into carbon farming. Source: Timberbiz An Cala is an 8,000-hectare property that spreads across both sides of the Midland Highway at St Peters Pass, with more than 18,000 ewes run for meat and wool and several hundred beef cattle as the main sources of income. Since finishing his education and returning to the farm in 2018, Dougal, who’s father’s family has owned part of St Peters Pass since the 1820s when land grants were distributed, has been on a mission to improve the landscape and the farm’s operations, with forestry playing a key role. “All of our forestry operations are on land that has previously been harvested or land that is unsuitable to return to pasture,” Mr Morrison said. “Our plans are about getting the best return on that land, and commercial timber and carbon plantations offer us a worthwhile reward for effort. “The area grows quite good trees, and forestry helps us diversify our risk through another income stream. “It also gives us the option to offset the carbon footprint of some of our other commodities by meeting certain environmental wool and meat market certification benchmarks.” Mr Morrison is part of a Private Forests Tasmania integrated farm forestry demonstration site and was one of three farmers last year to receive a share of the $450,000 Stems for CO2 co-investment program, supported by the State Government’s Renewables, Climate and Future Industries Tasmania initiative. Under Stems for CO2, about 268 hectares of commercial trees will be planted across the properties of Dougal, Alison Napier, and Julian Devery in Oatlands, St Marys, and Riana, respectively. Mr Morrison’s project will sequester 94,280 tonnes of CO2e across 27 years in the first rotation. That’s enough to offset annual emissions from 20,648 cars or 5,427 homes. The Tasmanian Government’s $10 million commitment in 2023 to maintaining the state’s net-zero emissions status has been pivotal, with $600,000 allocated to Private Forests Tasmania to co-invest with landowners in establishing plantations for forestry and carbon farming while helping communicate the benefits of growing trees to other farmers and landowners. Using the funds, Mr Morrison will plant a four-hectare shelterbelt in August 2025 and convert two eucalyptus nitens plantations into radiata pine plantations The plan is considered a schedule 2 project under the Australian carbon credit units’ scheme where an existing short rotation plantation forest is converted to a long rotation plantation forest for commercial harvesting of wood products. One 113-hectare site will be planted in 2025, while the 39-hectare site will be completed in late winter 2026, with Forest Practices Plans and Private Timber Reserves either in action or progressing. In total, more than 160,000 seedlings will be added to the property for carbon and timber benefits over the plantations’ 27-year lifespan. “We weighed up whether to convert the land back to agricultural grazing or put it back into trees,” Mr Morrison said. “At the time, the numbers were really close because wool, land, and cattle were all selling well, and timber was not fantastic. “But with the carbon project, the numbers came out in front, and it’s probably lucky we went that way because agricultural commodities have dropped in the past four or five years. “We also contemplated going back to nitens, but we believe there will be a better market for pine in the future.” Mr Morrison said site preparation would be carried out in autumn and that firebreaks, fencing, and browsing and weed control measures were in place. “This planting is part of a larger carbon project that will total 453 hectares, some of which we have planted recently,” he said. “We have learnt a lot about how to achieve the best results from plantation establishment from our experience in the last two years, with a greater focus on browsing management needed.” Mr Morrison said Climate Friendly was managing the carbon side of his forestry enterprise, while Cross Cut Forestry Consulting’s Chris Ringk was overseeing his plantation establishment. If you are interested in integrating and growing trees on your property, email Private Forests Tasmania at admin@pft.tas.gov.au or call our free helpline on 1300 661 009 for more information.
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