Forisk Consulting, a leader in North American forest industry and timber market research, has acquired the North American Wood Fiber Review from Wood Resources International of Bothell, Washington. The Review, which tracks wood fiber markets in all major regions of the United States and Canada, will be published by Forisk…
Great Pacific Capital Corp. failed to acquire Canfor Corp. due to resistance from minority shareholders. In October, the Canfor management approved the takeover offer made in August and also recommended that the shareholders approve it. With the acquisition by the major shareholder Great Pacific, Canfor would have been taken off as a private…
Weyerhaeuser Company announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. The company anticipates minimal tax liability in conjunction with the transaction. “The sale of our Montana acreage is part of our ongoing effort to strategically…
Canfor Corporation has agreed with Great Pacific Capital Corp. and 1227738 B.C. Ltd., a wholly-owned subsidiary of Great Pacific, to terminate the previously announced arrangement agreement dated October 28, 2019 with respect to the proposed plan of arrangement of Canfor. Based on the Canfor shareholder votes cast by proxy prior…
The total area notified for final felling in Sweden decreased by 24% in November compared to the same month last year, and it decreased the most in the region South of Sweden, according to the Swedish Forest Agency. The total area notified for final felling was 26 058 hectares in…
Chinese wood products will continue to face 25% tariffs, according to a phase one trade agreement reached Friday between China and U.S. According to a statement by the United States Trade Representative, some $250 billion in Chinese-made goods will continue to face tariffs of 25%. This third round of tariffs,…
From January to October 2019, Russian exports of sawnwood increased by 3.7%, up to 16.8 million m3, according to data of the Russian Federal Customs Service (Rosstat), compiled by lesprominform.ru. At the same time, the value of sawnwood exports also slightly increased by 0.2%, up to 3.8 billion dollars. In…
According to data from the U.S. Department of Agriculture (USDA), U.S. exports of forestry products to China decreased dramatically in 2019. In the past years, since 2014, exports of between US 2$ billion and US$ 3 billion were made in the first 10 months. In 2018, exports reached US$ 2.56…
It seems that the U.S. government has agreed to suspend some tariffs on Chinese products and cut back on others in exchange for Beijing’s commitment to increase purchases of U.S. farm products in 2020, sources quoted by Reuters said on Thursday, December 12. If confirmed it could mean a de-escalation…
Roundwood prices in Estonia started to fall rapidly from their spring high. A new report by the Estonian Public Broadcasting news service (ERR) describes the situation as serious, after interviewing several Estonian industry insiders. To be blamed is a cooling of the global economy and widespread damage to spruce trees caused…
