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AI-Native Companies Are Growing Fast and Doing Things Differently
Categories: Forest Products Industry
Warren Buffett Has Two-Thirds of Berkshire Hathaway's $297 Billion Portfolio Invested in 5 Magnificent Stocks
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Top Taiwan chip designer MediaTek running simulations for possible US tariffs
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BPER CEO says Italy's M&A wave prompted defensive bid for Pop Sondrio
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Legal & General to Sell U.S. Insurance Businesses in $2.3 Billion Deal
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Exclusive-Shein poised to slash valuation to $50 billion in London IPO, sources say
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Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins
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DeepSeek Shock Fires Up Bullish Bets on Cheap China Tech Stocks
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Britain's L&G sells US protection unit to Japanese insurer for $2.3 billion
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Tokyo Electron Shares Drop After Chip Market Outlook Disappoints
Categories: Forest Products Industry
Limestone Coast report with recommendations for the future of timber
A comprehensive report into the Limestone Coast timber industry has been released following a five-year review. The Select Committee on Matters Relating to the Timber Industry in the Limestone Coast released the 83-page document on Wednesday which also provided 17 recommendations. Source: The Border Watch The recommendations ranged from OneFortyOne’s plantation lease agreement to the pursuit of a National Forest Industry Code of Conduct. Other main recommendations included the definition of sawlog and pulplog be made consistent throughout the industry and there be a mandatory reporting of monthly export prices by all exporters to a government agency. The committee first formed about five years ago and despite a shift in committee members, there had been substantial evidence given from across the state. Throughout the years, 13 submissions were made to the committee as well as about 30 in person witness statements. Speaking on the outcome of the report, committee chairperson Nicola Centofanti said she was pleased the industry was finally seeing the results of a “significant body of work”. “The timber industry has had a proud 150-year history here in South Australia and is the product of generations of hard working and dedicated innovators, both big and small,” Ms Centofanti said. “This report acknowledges some of the challenges and opportunities the forest industry faces, and the committee has worked tirelessly to form evidence-based recommendations to government to ensure the continued success of this vital industry.” Other key areas of concern included water security, calling on the establishment of a parliamentary committee to investigate all aspects of water allocation planning. “Water resources are vital for the production of food and fibre and we need to ensure that forestry has equitable access to these resources in order to grow the forestry estate into the future,” Ms Centofanti said. A National Forest Industry Code of Conduct and further investment into road infrastructure was also highlighted. Minister for Forest Industries Clare Scriven said she welcomed the conclusion of the committee five years after its establishment in 2020. “The establishment of the timber select committee was done at a time when the timber industry in South Australia was experiencing a downturn in supply of timber for processors in South Australia,” Ms Scriven said. “Five years on and the challenges facing the industry have evolved with supply of timber stabilising across the industry.” She said the industry employs both directly and indirectly about 21,000 South Australians and contributes $3b to the state’s economy each year. A further 60% of Australia’s agricultural timbers, such as poles, posts and fencing and 48 per cent of the packaging and industrial grade timber originated from the South Australian Forest Industry. “The state government understands the forest industry is an enormous contributor to the South Australian economy,” Ms Scriven said. “As such, I will be considering all the recommendations along with further consulting with industry about the proposed recommendations before considering next steps.” She said regardless, many of the recommendations which were proposed by the committee were actions the state government were already addressing including further research funding, investment into tree breeding and advocating for the National Forest Industry Code of Conduct. South Australian Forest Products Association (SAFPA) chief executive Nathan Paine also welcomed the report, stating it was involved in the inquiry. “We have provided submissions and oral evidence and we are pleased the committee has tabled this report,” Mr Paine said. “We have not yet had the chance to review it in detail and so we will be doing it in due course but as the industry moves to celebrate its 150-year anniversary of plantation forestry and industry we are pleased to talk about the importance of the forest industry to South Australia.” He said SAFPA had been working closely with the current government regarding a range of policy measures including the contribution to the Forestry of Excellence, artificial intelligent cameras at fire towers and the forestry masterplan. “Any opportunity for our leaders to be talking about forest industries is positive and, in this case, primary industries because that is contemplated…the focus really is about the four critical things at the moment which is the current soft economic conditions that the industry is facing and the challenges that has caused,” Mr Paine said. “If we look forward, we are focused on getting more trees on the ground so we have got more resources for processes, getting more support for small to medium processes to improve their recovery rates and be more competitive and driving more use of South Australian grown and processed timber in our built environment.” He said other items highlighted throughout the report such as education for careers within the forestry industry had already been addressed through the Woodwork campaign launched last year. “We are a foundational industry, we support the success of other industries and we will be as an association talking to both the government and the opposition as we head into the 2026 election,” Mr Paine said. “This includes the policy and solutions that this industry needs to not just continue but to grow, to create more jobs, to sequester more carbon and create more economic prosperity.”
Categories: Forest Products Industry
NeoLigno addresses demand for safer bio-based binders
Stora Enso and ECOR Global are paving the way for a new era in the board and panel industry by enabling a groundbreaking product that combines superior sustainability with less harmful chemicals. Source: Timberbiz By replacing fossil-based binders with its bio-based, formaldehyde-free alternative, NeoLigno, addresses the growing demand for safer, more environmentally friendly materials, setting a new benchmark for innovation and responsibility in the sector. Stora Enso said that its NeoLigno bio-based binder is an integral part of ECOR Global’s new product line, a groundbreaking fully bio-based, recyclable and formaldehyde-free board. This innovation meets the increasing demand for healthier, recyclable, high-performance materials, particularly in furniture and flooring manufacturing. The collaboration partnership between Stora Enso and ECOR Global underscores a shared vision for advancing sustainability and high climate ambitions. By replacing traditional fossil-based binders with NeoLigno, ECOR Global has successfully created a product free from formaldehyde and isocyanates, eliminating harmful chemicals while delivering performance. The two companies’ technical collaboration is leading to additional breakthroughs solidifying their commitment to sustainability. “This collaboration is an excellent example of how our bio-based solutions can unlock new opportunities for our clients doing good for the people and the planet,” said Tuomo Heikkinen, VP Head of Biochemicals and Lignin Applications at Stora Enso. “With NeoLigno, we’re helping companies like ECOR Global to lead the way in creating safer and more sustainable materials for their industries.” The new board offers versatility, making it ideal for furniture and flooring applications and exhibition materials at trade shows, as it is fully recyclable and reusable. Production is already underway.
Categories: Forest Products Industry
JCB has produced one million backhoe loaders since 1953
JCB celebrated a major machine milestone with the production of its one millionth backhoe loader. The first JCB backhoe rolled off the production line in Rocester, Staffordshire in 1953. Source: Timberbiz In the first full year of production in 1954 just 35 of the machines were built and it took more than 20 years for the first 50,000 to be made. It took 59 years for the first half million JCB Backhoes to be manufactured but less than 13 years for the next half million to be produced, culminating in today’s celebrations. Hundreds of Backhoe Boader employees lined the road outside JCB’s World HQ, joining company Chairman Anthony Bamford to watch a cavalcade of 16 Backhoes from down the ages. These spanned a 1954 Mark I through to a 2025 3CX model. Also joining in the celebrations today was retired JCB employee Ken Harrison, aged 100, who joined JCB as a welder in 1952 when only 29 people worked on the shop floor. Mr Harrison, one of the last known survivors of the production team that built the first JCB backhoes, retired 36 years later in 1988. I am the only person in the business now who can remember the early days when we first started to make backhoes in what was a former cheese factory in Rocester. Looking back at that time, I could never have imagined that we would make one million of these diggers after such humble beginnings. JCB has always invested heavily in its Backhoe Loader range and an early catalyst for growth was in 1980 which saw the £24 million launch of the technologically advanced 3CX. Customers then went on to reap the fuel saving benefits of the launch of JCB Backhoes powered by the JCB Dieselmax, a development which saves up to 11% in fuel costs. Today’s 3CX Pro is the fastest Backhoe Loader in the world, capable of speeds up to 50kph, reducing travel time between sites. JCB Backhoes are manufactured in the UK, India and Brazil and the company sells the product in 120 different countries. The business unit which manufactures the machines has previously won six Queen’s Awards. The one millionth JCB Backhoe to be produced was a 4CX model, which was decorated in graffiti art by London-based artist and illustrator Dave Smith and presented to Lord Bamford.
Categories: Forest Products Industry
Ponsse celebrates 55 years with a Buffalo
In 2025, it will be 55 years since forest machine entrepreneur Einari Vidgren founded a forest machine factory in Vieremä, Finland. The anniversary year will start on a high note as the 21,000th PONSSE forest machine has been manufactured and will be delivered to Scheff Logging & Trucking from Minnesota, USA. Source: Timberbiz Scheff Logging & Trucking Inc. is a family business established in 1977. Today, Jhace Pearson, the company’s representative in the third generation, will come over to the Ponsse factory with his best friend Matthew Vosika to receive their new Ponsse Buffalo. Throughout its history, the Finnish family-owned company has focused on the development and production of cut-to-length forest machines and the provision of maintenance services for them. While all forest machines are still manufactured in Vieremä, Ponsse is at home in forests around the world, as the company currently operates in the logging sites of almost 40 countries. “Since the earliest days, Ponsse’s driving force has been the belief that only the best people, in cooperation with customers and stakeholders, can develop and manufacture the best forest machines in the world. “Still today, forest machines are developed and manufactured in the same way by more than 2,000 Ponsse employees. As a result of long-term cooperation, Ponsse has grown over the years to become the world’s leading manufacturer of cut-to-length forest machines,” said Jarmo Vidgren, Chair of Ponsse’s Board of Directors. In honour of the anniversary, we are going on a worldwide tour to meet our customers and stakeholders.” In accordance with the theme of the anniversary year “Logging together worldwide”, Ponsse is celebrating the milestone by inviting customers, stakeholders and Ponsse people to join the anniversary tour. The anniversary tour starts from Finland on 18 March and continues around the world during the year. Unfortunately, it doesn’t appear that there will be an event in Australia but for other event details visit: https://events.ponsse.com/
Categories: Forest Products Industry
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