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The solid wood manufacturing arm of Brazil's Aracruz has announced an ambitious plan of new development. Aracruz Produtos de Madeira has recently invested US$40 million on upgrading its factory at Vicosa Nova and plans to spend another US$12 million later this year or next year in order to increase production from 50,000 cubic metres of eucalypt product this year to 75,000 cubic metres and, in th... [more...]
The New Zealand forest estate company, Evergreen Forests Limited, has reported last week a consolidated net profit of $5.044m for the 12 months ended 30th June 2001 (2000: $5.152m). The company’s independently assessed year-end forest value increased to $157.4m (2000: $148.6m). Net asset value per share was $0.85 at year-end (2000: $0.86).
Chief Executive Mark Bogle said that prices for high-qua... [more...]
A legal representative of the Bolivian forest agency, Cámara Forestal de Bolivia, has met with authorities from the Sustainable Development and Planning Ministry to discuss the possibility of securing certificates for the export of native cedar products. The agency is looking at the possibility of exporting cedar products in logs, boards and veneers under the certificate.
Speaking to the Diario L... [more...]
Canadian and US lumber producers and labour unions demand to exempt western red cedar from the 19,3% countervailing duty. This week they formed the "Stand Up For Cedar Coalition". The U.S. punitive tariff has triggered the closure of several coastal mills and resulted in at least 4,000 layoffs.
The coalition has ten key-arguments, why western red cedar should exempted: It is not used for structur... [more...]
Universal Forest Products announced Wednesday it has signed a letter of intent to acquire the assets of P&R Truss Company and its affiliates. P&R manufactures roof and floor trusses and distributes engineered wood products from four facilities located in the state of New York. P&R had annual sales for its most recent fiscal year of approximately $23 million. The transaction is expected to close fo... [more...]
The overvalued dollar is having a strong, negative impact on the U.S. forest and paper industry, including dramatically reduced exports, plant closings and job losses, an industry official said this week.
"Time is not on our side," said Ronald Budzik, vice president for government affairs of Mead Corp., and chairman of the American Forest & Paper Association's (AF&PA) international trade subcomm... [more...]
"More trees please" was the strong message coming from a recent survey on people's attitudes to forestry, with three quarters of those interviewed saying that they would like to see more woodland in their area. Although just over a quarter said they would prefer new woods to be broadleaved species, 67 per cent would prefer a mix of both conifer and broadleaves.
Most respondents agreed that publi... [more...]
Potlatch Corporation’s 17,000-acre, intensively managed hybrid poplar plantation at Boardman, Oregon, has become the first such operation in North America to be independently certified by the Forest Stewardship Council (FSC). Potlatch’s pursuit of FSC certification at Boardman reflects the fact that segments of the U.S. lumber market have demonstrated a willingness to pay a premium for FSC certifi... [more...]
Norske Skog Canada
Norske Skog Canada, where Norske Skog earlier had a 50.8 % shareholding, has now completed its acquisition of the company Pacifica Papers Inc. (Pacifica). The Pacifica shareholders could choose between two options: Either 2.1 shares in Norske Skog Canada for each Pacifica share, or 1 share in Norske Skog Canada plus CAD 7.50 as cash. Shareholders representing approx. 77 % of... [more...]
SCA has reached an agreement with the US protective packaging company ISC Inc. to acquire the company for USD 10 M. The Arizona-based company is a leading supplier of high performance insulated shipping containers for transporting temperature-sensitive products including biopharmaceutical products, blood components and diagnostic samples. ISC is traded over the counter (OTC) and in 2000 annual sal... [more...]