• Forestry October 30, 2014 14:33

    Resolute to build momentum in the wood products business

    Resolute Forest Products Inc. today reported net income for the quarter ended September 30, 2014 of C$17 million (US$ 15,2 million) down from net income of C$29 million (US$ 25,9 mil.) in the third quarter of 2013. Sales were C$1.1 billion (US$ 984,5 million) in the quarter, down C$34 million (US$ 30,4 mil.), or 3%, from the third quarter of 2013."Our adjusted EBITDA improved sequentially thanks to the best lumber quarter in recent history and continued strength of market pulp," said Richard Garneau, president and chief executive officer. "We're building momentum in the wood products business: [more...]

  • Market Prices October 30, 2014 13:50

    Myanmar: teak prices at latest auctions

    Analysts say the convenient location fot the sale of logs on the 29 September (Yangon area) played a big part in the better prices that were received. Observers report that only part of the stock of logs which could not be shipped before the log export ban were sold at the recent sale... [more...]

  • Wood energy October 30, 2014 12:00

    Enviva Partners LP might expand wood pellet production capacity by 2 million tons

    Enviva Partners LP, the world's largest supplier of power generation wood pellets, has decided to raise US$ 100 million in an initial public offering. After the offering, Enviva will have the right of first offer to acquire wood pellet production plants with production capacity of 2.0 million metric tons per year... [more...]

  • Forestry October 30, 2014 10:47

    Södra seeks to double sawn timber production capacity at two sawmills

    Södra Wood has applied for a permit to expand production at sawmills in Unnefors and Orrefors (both in Sweden). At Orrefors, Södra plans to double capacity up to... [more...]

  • Sawmilling October 30, 2014 09:22

    Russia: Exports of lumber and plywood up 15%

    The volume of exported Russian lumber for seven months of 2014 grew by an annualized rate of 15.1% and reached 7.65 million tons. In value, lumber export was 2.27 billion US dollars (+10.2%). The export of lumber outside CIS was 5.59 million tons (+10.7%) up to 1.76 billion US dollars (+11.4%), and to CIS countries - 2.06 million tons (+15%) worth 507.5 million US dollars (+5%)... [more...]

  • Sawmilling October 29, 2014 15:15

    U.S. expands hardwood lumber shipments to Europe

    U.S. hardwood lumber exports to Europe in July were 30% higher than in July 2013, pushing year-to-date growth up to 15%. Shipments to 9 of the Top 10 European markets were higher this July than last, with Italy the exception. Italy was the fifth largest market through 2013, but has since fallen behind the UK and Japan into seventh place... [more...]

  • Sawmilling October 29, 2014 13:40

    UNILIN to increase wood flooring capacity with new production site in Czech Republic

    UNILIN, part of the Mohawk Group, a leading global flooring manufacturer, announces the expansion of its production capacity for engineered wood floors. In response to an increasing demand, UNILIN is opening a state-of-the-art production site in... [more...]

  • Market Prices October 29, 2014 12:04

    U.S. softwood lumber and panel price index

    The debut of September in US brought rising lumber and panel prices, following a strong August. However, prices slumped during the four weeks, and ended at stable or even lower levels compared to the beginning of the month... [more...]

  • Wood energy October 29, 2014 11:03

    Wood pellet plant for Guyana; production to be shipped to Europe

    Pinnacle Green Resources Ltd. (Guyana) plans to begin cultivation of an energy plantation on 5,000 acres of land in the Pomeroon Region 2, Guyana. Pinnacle, which has its headquarters in Singapore, is hoping to cultivate... [more...]

  • Forestry October 29, 2014 10:35

    Brazil: Timber industry benefits from changed export tax regime

    Brazilian government has brought forward the implementation of support for exporters in the form of tax credits for exports. Originally the Special Regime for Return of Tax Values for Exporting Companies (REINTEGRA) was due to begin in January 2015. Exporters will receive 3% credit on export revenues, up significantly from the previous 0.3%... [more...]

special report

Comment: New EU energy deal to make Europe dependent on wood pellet imports

The new EU energy deal agreed last night has set some ambitious targets. A 27% quota for renewable energy will further make wood pellets an increasingly important source of energy. However, the ability of the EU countries to satisfy internal demand will not be able to keep up the pace with the expected 4-6 time rise in consumption, and will make Europe more and more dependent on imports, especially from the United States...[ more...]

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