VANCOUVER (Reuters) - A recent run-up by Canadian forestry stocks has investors in the downtrodden sector basking in a warm glow, but that could fade as quickly as it appeared if the industry returns to its self-destructive tendencies.
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From an environmental perspective the basics of paper recycling are primary-school simple. 1. Recovering and recycling paper is a net positive for the environment. 2. Utilizing recycled fiber in packaging, and the lower quality paper grades (as well as insulation and other industrial...
I used to think that using post-consumer recycled content to make paper was good, that cutting trees to make paper was bad, and that online editions were greener than “dead-tree” editions. Silly me. It's taken me years to realize that using post-consumer waste (PCW) in North America to make...
Wear condoms, retire the bear, and eat less fried chicken. Those are among the unusual ideas for helping the environment in general and forests in particular that were turned up by a Dead Tree Edition study of recent news reports. I don't think you'll see these in the mainstream media's usual...
PaperMoney asked me to write a bimonthly column on the industry in “my” area, which is Canada. As the deadline rolls around I find myself in Uruguay, working on a permit application for a new 4000 tons/day mill, and realize that the situation here has much to do with North America. Some of the...
On 8 December 2009, UPM, Metsäliitto, M-real, and Botnia closed the transaction according to which Metsäliitto's and Botnia's share of the Fray Bentos pulp mill and the eucalyptus plantation company Forestal Oriental in Uruguay were transferred to UPM. UPM has a 91% ownership in the Fray Bentos...
Paper and pulp manufacturer Sappi Forests said on Tuesday that it had extended its plantation holdings in South Africa with the purchase of the Sjonajona plantation in the Mpumalanga province from Mondi. The plantation lies between Machadodorp and Barberton and is 14 500 ha in extent, of which 9...
April 20 2010 Magnus Hall, CEO of Holmen, has been elected new Chairman of Skogsindustrierna, the Swedish Forest Industries Federation. Magnus Hall was elected new Chairman of Skogsindustrierna in conjunction with the Federation’s annual meeting in Stockholm, Tuesday. He takes over the...
April 16 2010 Swedish Paper Workers Union’s notice of total stoppage of work at six Swedish pulp and paper mills was carried out early Friday morning. Approximately 3,000 paper workers at six pulp and paper mills in Sweden are striking, and the production at the six mills has come to a complete...
HELSINKI, April 16 (Reuters) - Finnish forestry companies UPM-Kymmene and Stora Enso fear that the government's plan to subsidise use of wood as a source of renewable energy will increase its price and serve another blow to the struggling industry. "If there is a fixed price for burning...
MONTREAL — Tembec's impending sale of two French pulp mills will allow the Quebec-based forestry company to reduce its debt and better ride the current wave of rising global pulp prices, an industry analyst said Monday. Paul Quinn of RBC Capital Markets said the likely sale of two kraft pulp...
The Communications, Energy and Paperworkers Union of Canada (CEP) has signed a deal with Sinar Mas (parent company of Asia Pulp and Paper) - the company that is purchasing the former Pope & Talbot/Worthington pulp mill in Mackenzie, British Columbia. The mill isn't expected to product pulp...
For the second time this year, Congress plans to “pay” for a new program partly by closing a non-existent loophole involving a pulp byproduct. The House-passed version of the “Small Business and Infrastructure Jobs Tax Act of 2010” counts on nearly $1.9 billion in revenue from making crude tall...
There is a “significant” level of illegality in Guyana’s forestry sector though it is lower than in several other major tropical timber producing countries in South America and around the world, according to a study commissioned by Norway’s Ministry of the Environment.
USA, April 12, 2010 (RISI) - In the five weeks since the 8.8 magnitude earthquake severely damaged large sections of Chile's forest products industry, substantial sections of the industry's productive capacity has come back online, and exports of products have resumed, albeit not yet on the...
CHARLOTTESVILLE, VA, April 2, 2010 (RISI) - The level of integration for European and Asian graphic paper mills is generally much lower than for North American producers, which will cause the mostly non-integrated off-shore suppliers to experience far greater negative effects from the...
Abstract:
Despite a Democratic Congressman almost ruining the scheme by committing a cardinal political sin – He told the truth! – the historic healthcare legislation President Obama signed today assumes $23.6 billion in savings from eliminating a mythical black liquor tax credit.
Domtar Corporation has announced that it has entered into an agreement to sell its forest products business to EACOM Timber Corporation for CDN$80 million plus elements of working capital estimated at CDN$30 to CDN$40 million. Domtar will receive 19% of the proceeds in shares of EACOM. The...
VANCOUVER — China's appetite for British Columbia lumber grew at a record pace in 2009 in volume and value, providing sawmillers here with a needed new market to counter stumbling American demand. Lumber exports to China hit 1.63 million board feet in 2009, more than twice the volume shipped in...