In 2019, Latvia exported EUR 2.588 billion worth of forestry products, which is a decrease of 2.1 percent against the previous year, according to information released by the Latvian Agriculture Ministry. Timber and timber products made up the bulk or 85.1 percent (86 percent a year ago) of total forestry…
Ho Chi Minh City-based An Viet Phat Energy Company has broken ground on a VND1,200 billion (US$51.6 million) timber processing factory in the Vung Ang Economic Zone in Ky Anh township of the central province of Ha Tinh, a province in the North Central coast of Vietnam, Vietnam News reported….
In a convenient location in the immediate vicinity of Suvarnabhumi International Airport in Bangkok, Dieffenbacher is strengthening its presence in Thailand with the opening of a new spare parts warehouse. The company has thus taken into account the increased demand through five commissioning of new plants in Thailand since March 2017. Another…
Sweden-based sawmill company Bergs Timber decided to establish a new subsidiary, Woodworks by Bergs, which would manage the sale of the company’s products, primarily on the Swedish market. Peter Nilsson, CEO of Bergs Timber, said that the company has in recent years evolved from a sawmill company to a company…
Australia-based international forestry investor New Forests has agreed to purchase the Tasmanian plantations of a local subsidiary of Norwegian pulp and paper company Norske Skog. The purchase includes a net plantation area of more than 18,000 hectares of radiata pine in the south of Tasmania and an agreement for timber…
The State of Tyrol reports considerable price increases for roundwood at the beginning of the year. During the 7th Tyrolean softwood submission by the Tyrolean Forest Association, 498 m3 were traded. The average price for spruce was € 202 / m3 (highest bid: € 414 / m3), for larch it was €…
In the final month of 2019 the decline in exports continued. The total value of Brazilian exports of woodbased products (except pulp and paper) dropped 23% in value compared to December 2018, from US$291.9 million to US$224.6 million. Pine sawnwood export values declined 27% between December 2018 (US$46.5 million) and…
As the coronavirus is spreading throughout China, there are many fears that the virus could disrupt the wood trade in the country and could cause multiple problems in the global wood supply chain. There is industry concern that if the coronavirus would spread in coastal towns and cities, then access to Chinese ports…
Rayonier Inc. reported 4Q 2019 net income of $16 million, or $0.12 per share, on revenues of $178.8 million. This compares to net income of $2 million, or $0.02 per share, on revenues of $166.1 million in the prior year quarter. 4Q 2019 operating income was $26.1 million versus $15 million…
Ghana’s total export volumes from January to November 2019 stood at 280,223 cubic metres and export earnings were euro 140.74 million (USD 154.13 million). However, exports were down 24,152 cu.m (-8%) and euro 32.18 million (-19%) when compared to the same period in 2018, ITTO reported . Ghana’s export statistics from…
