Forest Products Industry
Warren Buffett's $189 Billion Subtle Warning to Wall Street Shouldn't Be Ignored
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China to Start $138 Billion Bond Sale on Friday to Boost Economy
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Billionaires Can't Stop Buying These 3 Energy Stocks. Should You Join Them?
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Nvidia Is Leading the Artificial Intelligence (AI) Charge, But These 2 Companies Are Rising Stars
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Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Pfizer Stock
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Eni eyes new oil and gas spin-offs in energy transition satellite strategy
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Analysis: Gazprom loss shows struggle to fill EU gas sales gap with China
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Robinhood Just Got Hit With a Wells Notice. What Is That, and Why Could It Be Huge News for the Stock?
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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CLT assessed against ballistic impacts
Science, Mathematics, and Research for Transformation (SMART) scholar Juliet Swinea and her SMART mentor, Pete Stynoski PhD, both individually accomplished researchers, have joined forces through the SMART Program to revolutionize the US Department of Defense (DoD) ballistic design standards. Sources: DVIDS, Timberbiz The pair is being acknowledged for their ground-breaking research and collaboration evaluating the properties of western hemlock cross-laminated timber (CLT), a potential alternate construction material. Together, Swinea and Stynoski assessed the performance of CLT and its resilience against ballistic impacts. CLT is a sustainable type of wood that could be very useful for making temporary housing quickly during military operations and disaster response. “Ms. Swinea’s research on the fundamental behaviour and properties of CLT is contributing directly to the widespread use of this new class of construction materials in the US Army Corps of Engineers (USACE) and the DoD, advancing our force protection mission,” said David W. Pittman, PhD, senior executive service director of the US Army Engineer and Research Development Centre (ERDC). The pair’s research has been published in the International Journal of Impact Engineering and a Ecoengineering and Construction Bulletin, which disseminates critical information about emerging construction practices to USACE engineers. Additionally, Swinea presented their research at the 6th International Conference on Protective Structures, an international platform for discussing the integration of sustainable materials into DoD construction. Currently, they are drafting a Criteria Change Request (CCR) along with partners at Geotechnical and Structures Laboratory and USACE Protective Design Centre. In the military, a CCR is a formal process where individuals propose modifications or updates to existing DoD standards, guidelines, or criteria that govern various aspects of military operations, equipment procedures, or policies. The current standard for wood ballistic design equations date back to 1966. Swinea and Stynoski began evaluating whether the current standards were valid for wood composites like CLT, which is a relatively new building material with limited experimental data. They discovered that the existing methods for measuring wood properties didn’t fully account for how well CLT absorbs energy or handles fractures. The CCR rectifies and modernizes the official guidance communicated by the DoD-wide standard.
Categories: Forest Products Industry
Red Dot Design hosts next gen talent in Singapore
This month, Red Dot Design Museum plays host to a showcase of the next generation of design talent. A curation of designs from the original London Exhibition, Discovered Singapore presents a visionary group of young creatives in an extraordinary display of furniture, objects and sculptural works in wood. Source: Timberbiz Conceived by the American Hardwood Export Council (AHEC), Discovered Singapore provides a platform for new creatives and an opportunity for talented emerging designers to show their work to the public and the industry at Singapore’s premier design venue. Selected from the original global line up of 20, the 10 designers exhibiting in Singapore this May worked alongside design mentors and AHEC’s global manufacturing partners to each develop an object made from their choice of four sustainable hardwoods: American red oak, cherry and hard and soft maple. Throughout the project, designers were supported by AHEC’s technical experts, and mentored by established designers Nathan Yong (Singapore) and Adam Markowitz (Australia). This collaboration has resulted in a highly diverse selection of objects, ranging from functional furniture such as cabinets, tables and seats to more abstract, sculptural works that inspire reflection. Taken as a whole, Discovered represents how experiences of a changing world have impacted each designer’s personal and creative journeys. Discovered Singapore will be held from 16-22 May at the Red Dot Design Museum. The 10 designers are: Nong Chotipatoomwan, Kodai Iwamoto, Mew Mungnatee, Trang Nguyen, Taiho Shin, Ivana Taylor, Yunhan Wang, Tan Wei Xiang, Duncan Young, and Vivienne Wong.
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Czechia donating to support Ukraine’s forests
Czechia is allocating 750,000 euros (approx US$809,000) to the support and improvement of Ukraine’s forest monitoring systems, Viktor Smal, the head of the State Forest Resources Agency, announced on 10 May. Source: The Kyiv Independent The funds are part of a broader initiative known as “Strengthening Ukraine’s Forest Monitoring Capacity to Align with EU Standards.” Mr Smal met with Czech Forestry Institute Director Marek Mlkusek to discuss the details of the project. “The goal of this project is to support the quality and comprehensiveness of the forest monitoring system in Ukraine and thus contribute to improving the quality of data,” Mr Smal said. One of the project’s aims is to develop software for data collection during forest management using remote sensing and data processing methods, such as Copernicus and Landsat satellite data. Other goals include providing computer equipment and training for specialists and creating updated training modules. According to Mr Smal, the next step in the project is to sign a memorandum of understanding between the State Forest Resources Agency, the HM Vysotsky Ukrainian Research Institute of Forestry and Agricultural Reclamation, the State Forest Management Planning Association, the National University of Life and Environmental Sciences, and the Czech Forestry Institute. The State Forest Resources Agency estimates that almost 30% of Ukraine’s forests have suffered some kind of damage due to Russia’s full-scale invasion. The war has destroyed more than 60,000 hectares of forests, with the cost of damages amounting to at least US$360 million, according to an investigation by NGL Media.
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New Zealand’s softwood log exports
Reflecting on New Zealand’s softwood log exports to China in 2023, ResourceWise data indicates a 5% increase compared with 2022. However, a closer look at the numbers reveals a 4% decrease from 2021, highlighting exporters’ challenges in adapting to a weakened Chinese economy. Source: ResourceWise China has consistently been a significant player in New Zealand’s softwood log exports. Therefore, the nation’s changing economy has impacted New Zealand’s log export volume. While China still maintains a robust import relationship with New Zealand, recent figures indicate a slight dip in volume. The decrease in China’s imports of logs from New Zealand since 2021 aligns with the overall trend of declining log and lumber imports in China. The majority of the trend has been driven by a decrease in demand for forest products. According to a report from Wood Market Prices from ResourceWise in January, China’s combined annual imports of logs and lumber in 2023 were at their lowest in 12 years, with log imports experiencing the most significant drop. The current state of China’s forest products sector plays a pivotal role in understanding the dynamics of New Zealand’s softwood log exports. In recent years, China has experienced a shift in its economic activities, with a particular impact on its construction and manufacturing industries. These industries are significant consumers of forest products such as softwood logs for construction and furniture manufacturing, among others. Economic slowdowns and policy changes have led to fluctuations in demand within China’s forest product sector. Further exacerbating these trends are global environmental policies and China’s own reforestation e!orts aimed at achieving sustainability and reducing reliance on imports. This complex interplay of economic shifts and policy initiatives directly influences the demand for imported softwood logs, reflecting on trade relations with countries like New Zealand. ResourceWise’s latest Market Insights report takes a close look at historical and current figures relating to New Zealand’s softwood log export market. This includes pine sawlog export prices, import numbers from China and South Korea, and New Zealand’s export figures to diverse regions. Readers can also gain valuable insight into the future projections for the trajectory of New Zealand’s softwood log exports.
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Data Interoperability Framework feedback
The Department of Agriculture, Fisheries and Forestry has released a public consultation paper seeking feedback on the first Data Interoperability Framework. Source: Timberbiz Data interoperability means you can exchange data between different systems and organisations efficiently. The draft framework was created as part of a $5 million grant awarded to test data-enabled traceability concepts and facilitate industry and government alignment on data standards. The department is seeking feedback on the draft to verify it’s recommended approaches and gain insight on potential barriers or areas for improvement prior to introduction. Assistant Secretary of Agricultural Traceability, Kieran Macdonell said the release of the public consultation paper was a milestone for industry and government collaboration on data standards, encouraging and empowering farmers to securely capture, reuse and share data. “The Data Interoperability Framework will help to increase the adoption of data-enabled traceability, bringing transparency and rigor to reduce the risk of greenwashing and increase cross commodity uptake of enhanced traceability systems,” Mr Macdonell said. “It will also streamline commercial and government regulatory systems to improve data accuracy and reduce the time, effort, and cost of industry compliance. “Having a transparent, traceable supply chain means consumers in overseas markets can be reassured that Australian agriculture is clean, green, and sustainable. “I encourage all interested stakeholders to look at the discussion paper and provide your views and ideas on how we can improve data interoperability across Australia’s farming supply chains.” Submit your feedback by 4 pm (AEST), 14 June. For more information https://haveyoursay.agriculture.gov.au/agricultural-traceability
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Provisional estimates of sales of tree stocks in NZ
A report by New Zealand’s Forest Service provides the provisional estimates of the sales of tree stocks and the areas of commercial forest planted in 2023. It also provides an estimate of mānuka seedling sales, and the area planted. Source: Timberbiz Following the main winter planting season, the Ministry for Primary Industries (MPI) undertakes an annual survey of tree stocks sold by commercial forestry nurseries. The results are aggregated to produce estimates of total national sales, and then modelled to estimate the total area of planting by species and species group. In 2023, 32 commercial nurseries completed the survey of which 12 supplied bulk sales of mānuka as their primary activity or in combination with sales of seedlings from plantation establishment. Tree stock sales reported in 2023 totalled 119 million seedlings, compared with 120 million sold in 2022. The main decrease was in radiata pine where sales decreased by 0.8 million seedlings (1%). Sales of Douglas-fir showed a modest increase, while sales of other exotic softwood tree stocks decreased by 3% from 2022. The total area of forest planting in the winter of 2023 is provisionally estimated from the nursery survey data and associated modelling to be 113,000 hectares. The modelling generated national average stocking rates for radiata pine of 1,019 stems per hectare for open pollinated plus Stand Select, and 965 stems per hectare for control pollinated plus cuttings and clones. The national average for 2023 was 1,003 stems per hectare. The 2023 nursery survey asked commercial forestry nursery managers about anticipated sale levels in 2024. All nurseries responded. Their estimates indicate that total seedlings sales may increase to 122 million seedlings in 2024. The nursery survey and the associated modelling are only intended to provide early approximations of the areas of total planting and planting by species or species groups for the year. These are subsequently revised as necessary when data are received directly from forest owners through the annual survey for the National Exotic Forest Description (NEFD). This is the eighth year that MPI has gathered information on mānuka seedling sales to estimate the area planted. Twelve nurseries provided sales information on bulk sales of mānuka.It is estimated that 4.2 million mānuka seedlings were sold, mostly for the honey industry, some for revegetation and some for research on mānuka oil production. This is a decrease in sales compared with 2022 (5.2 million seedlings).
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