The Ghana Forestry Commission (GFC) has agreed a memorandum of understanding with a Swedish firm Greenland Resources for investment in forest plantations to feed a pulp and paper plant. The plantation component envisages planting in three different forest reserves identified in the Savannah region. The proposed paper mill will be…
Resolute Forest Products Inc. announced it will acquire Conifex Timber Inc. ‘s three U.S. sawmills for $163 million, plus net working capital at closing, currently estimated at $7 million. The three sawmills have a combined production capacity of 550 million board feet and are located in Cross City, Florida, and…
Media reports say the authorities in Brazil are considering allowing the export of Amazon native tree species in log form. The authorities are considering this after being lobbied by timber businesses. Current regulations establish that only exotic plantation species such as eucalyptus and pine can be exported as logs. The…
Western U.S. sawmills produced 13.203 billion board ft. (bbf) of softwood lumber in the first 11 months of 2019, a drop of 1.4% from the same period in 2018 when output was 13.390 bbf, according to the latest figures from the Western Wood Products Assn. (WWPA) of Portland, Oregon. Coastal…
Domestic sawlog prices in Finland and Sweden have been declining for over a year because of lower demand from the region’s sawmills. However, the reduced wood raw-material costs have not kept pace with the falling prices for lumber, which has resulted in lower margins for the sawmilling sectors in both…
According to the local press, the China Green Times, the output value of China’s timber processing and wood products industries in 2018 was RMB1.3 trillion, accounting for 17% of the total output value of China forestry sector. Wood-based panel industry There are about 10,000 wood-based panel enterprises with 3 million…
