The Investments in Forest Industry Transformation (IFIT) program was launched today by the Government of Canada. The $100-million program will help to expand opportunities for Canada’s forestry sector through the development of innovative projects and technologies. The Honourable Christian Paradis...
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Chile’s forestry industry could increase wood production over 30% in the next fifteen years, as the sector significantly expands its land holdings, Hans Grosse, head of state forestry agency Instituto Forestal (Infor), said. The nation’s forestry sector, which produces 8% of the world’s wood pulp,...
Due to the global recession that began in the second half of 2008, China’s total log imports declined in 2009 to 28.1 million m3 (-5.1%). The unexpected turnaround in the Chinese economy, starting in Q2/2009, significantly moderated the falling trend in Chinese log import volumes for the year....
Paper and pulp producer Mondi expects to report considerably higher interim earnings, saying that its headline earnings a share for the six months ended June 30, 2010, were likely to be between 22c a share and 27c a share, compared with a 0,8c a share headline loss the year before. Basic earnings a...
California is poised to become the nation’s first state to ban single-use plastic and paper bags at supermarkets and convenience stores. Gov. Arnold Schwarzenegger, breaking with his usual practice of not taking a position on legislation until it reaches his desk, praised passage of the measure...
According to the Ministry for Foreign Affairs of Finland, Russia is to come to the terms in the field of export duties on roundwood. Moreover, Russia itself offered the EU to significantly increase export duties on deciduous wood. Russia is ready to increase export duties by tens %. It will...
Ten-year figures for the Brazilian timber industry show that production in the Amazon has fallen by 50 per cent. The figures were published in a study carried out by the Brazilian Forest Service (SFB) and the Institute of Man and Environment (Imazon), entitled 'Logging Activities in the Brazilian...
Most dividend announcements are in the range of pennies to several dollars, so when a company declares a special dividend of USD 5.6 billion, it tends to grab your attention, and that of shareholders.
Every flush of your loo affects our environment and while low-flush toilets have helped some households save 35000 litres of water a year, it took an Eastern Suburbs man to tackle the toilet-paper dilemma. Saved A Tree co-founder Damien Scarf, a Vaucluse resident, said global toilet-paper use...
Statistics: wood processing in the first half of 2010
The AU$2 billion Penola Pulp Mill project in South Australia, shelved during the global recession, has been revitalized since The Commonwealth Bank recently came on board to help raise capital costs for the 750,000 tonnes/year mill, The Advertiser reported on 5 July. The bank is also helping Greg...
China’s potential fibre-supply gap (the difference between total demand and total domestic supply) is projected to reach approximately 150 million m3 (roundwood equivalent) by 2015 - or a volume that is more than the entire Canadian timber harvest in 2009 - a strong indication that China’s wood...
omtar Corporation and FPInnovations today announced that they have formed a new joint venture company to build the world's first one metric ton per day commercial-scale nanocrystalline cellulose demonstration plant at the Domtar Windsor, Quebec pulp and paper mill site. Construction will begin in...
The Internal Revenue Service may have handed U.S. pulp and paper companies a multibillion-dollar gift by ruling that black liquor produced in 2009 is eligible for an even more lucrative tax credit than the one claimed by manufacturers last year. The June 28 ruling contradicts previous guidance from...
It seems that forestry employment numbers bottomed out last year in British Columbia and may now be making a rebound. Here are some forestry job stats from British Columbia: 2005 – 79,700 2006 – 81,617 2007 – 84,275 2008 – 64,917 2009 – 51,958 2010 (Jan to May) – 55,200
JSE-listed Sappi announced on Thursday that its Southern African unit would consolidate its paper and paper packaging businesses to strengthen its ability to meet customer requirements and to develop new business opportunities. Sappi Fine Paper South Africa and Sappi Kraft would merge to become...
Pine trunks rumble down conveyors and sawdust clouds the air. The noise inside the sawmill nearly deafens, but in this remote town of 3,500 people, some 700 kilometres north of Vancouver, there are few sounds as welcome as the buzz and clatter of a mill back at work.
A new policy to develop oil palm on degraded land could protect Indonesia’s forests. But what does “degraded” really mean?
The European Parliament has voted in favour of legislation banning illegally logged timber imports into the European Union. The new legislation bans illegally-harvested timber or timber products from being placed on the EU market. This will prevent such wood from effectively being laundered once...