Resolute Forest Products Inc. reported a net loss for the quarter ended September 30, 2019, of $43 million, or $0.47 per share, compared to net income of $117 million, or $1.25 per diluted share, in the same period in 2018. Sales were $705 million in the 3Q 2019, a decrease…
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…
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…
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…
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…
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…
China’s official manufacturing Purchasing Managers’ Index inched up in September to 49.8 according to the National Bureau of Statistics from 49.5 in August. The index has been below 50 for almost six months indicating activity was still cooling amid uncertainty caused by the protracted trade dispute between China and the…
Monthly statistics from the Swedish Forest Agency shows an overall decrease in notified area for final felling in September compared to the same month 2018 – in region South of Northern Sweden 41%. The reason behind the decrease are the vast areas notified after the extensive forest fires last year….
The surge in the number of new FDI projects into Vietnam’s wood processing sector continues. Most of the investment is in woodchip production, processing industry services, wooden pallet production and composite panel products. Xuan Phuc,(Forest Trends) has reported that most of the incoming investment is from China. In the first…
A China-Russia timber processing and trading centre was recently established in Suifenhe City, Heilongjiang Province. The centre occupies an area of 380,000 square metres and cost around RMB600 million. The aim is for the Centre to be an industrial cluster for the itmber industry and become a timber distribution centre…
