Canfor reports third quarter results

Reflecting weak global market conditions and a challenging fibre cost environment in British Columbia, for the third quarter of 2019, Canfor reported an operating loss of $124.0 million compared to an operating loss of $49.7 million reported for the second quarter of 2019. The material decline reflected significantly lower operating…

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Sharp decline in Russia’s exports of logs

In the first seven months of this year, the actual export volume of Russian timber products fell by 0.4% year-on-year, according to data of the Russian Federal Statistics Office (Rosstat) compiled by wood media platform Lesprom Inform. Among them, the export volume of logs was 8.94 million m3, a decrease…

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USDA announces appointments to the Softwood Lumber Board

The U.S. Department of Agriculture (USDA) announced the appointment of four members to serve on the Softwood Lumber Board. Members newly appointed to serve three-year terms are: T. Furman Brodie, Effingham, S.C. (U.S. South) Jim D. Neiman, Hulett, Wyo. (U.S. West) Timothy Biewer, St. Clair, Mich. (Northeast & Lake) Ray…

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Vietnam: Concerns raised over raw material availability

Concerns have been raise over the rapid increase in wood chip production and export which, say analysts, could threaten raw material availability for the domestic solid wood processing industry. In response the authorities in Quang Nam Province are seeking the development of technical standards for forest management and harvesting for…

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Ghana urged to invest in reforestation

Ms. Diana Acconcia, the EU Ambassador to Ghana, has encouraged Ghana to be more active in restoring degraded forest and increasing tree cover to contribute to climate change mitigation. Ms. Acconcia was speaking at the European Union Climate Diplomacy Week Ghana 2019 themed ‘Regreening Ghana’. According to Ms. Acconcia, the…

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