BillerudKorsnäs informed about revaluation of forest land. According to the disclosed information, the company had made a valuation of approximately 36 000 hectares of forest assets, of which approximately 18,000…
Read MoreForestry and timberland
Mosaic Forest Management restarts operations in Canada
Mosaic Forest Management announced restart of the company’s operations. The company will continue to monitor market conditions going forward and make adjustments to its operations accordingly. According to the announcement,…
Read More
West Fraser Timber declares a quarterly dividend payable on July 15, 2020
West Fraser Timber Co. declared a quarterly dividend of $0.20 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July…
Read More
British Lister Wilder expands its forest machine range with KESLA tractor attachments
Kesla, the diversified forest technology company, informed that Lister Wilder becomes the sole dealer for the company’s tractor attachments. “Here at Kesla we have found a great partner in Lister…
Read More
Komatsu Forest appoints Anna Fredriksson as the new Plant manager in Finland
Komatsu Forest appointed Anna Fredriksson as the new Plant manager at Komatsu Forest in Umeå, Finland. Accoriding to the announcement, Anna Fredriksson is also the first woman ever to become…
Read More
Rayonier declares a quarterly dividend payable on June 30, 2020
Rayonier Inc. announced that the company’s board of directors has declared a fourth quarter cash dividend of $0.27 per common share. The dividend is payable on June 30, 2020, to…
Read MoreMosaic Forest Management and United Steelworkers Local reached agreements-in-principle in Canada
Mosaic Forest Management and United Steelworkers (USW, Local 1-1937) have reached agreements-in-principle that will bring increased collaboration, flexibility and certainty for workers and Mosaic across its South Island and Northwest…
Read More
Acadian Timber reports 1Q2020 results
Acadian Timber reported 1Q2020 results on May 6, 2020. “Acadian’s operations benefited from favourable winter operating conditions and good demand and pricing for most of our products during the quarter….
Read More
Keweenaw reports 1Q2020 results
Keweenaw Land Association reported 1Q2020 results on May 12, 2020. Earlier, Keweenaw completed sale of conservation easement in the US. About Keweenaw Land Association: Keweenaw is a forest products and…
Read More
Wood business companies are reacting on the Coronavirus threat (May 6 update)
Wood business companies are responding to the threats of Coronavirus. Here is a tracking of the most recent developments: U.S. Paper and Wood Products Industry Sets Record-High Levels of Tissue…
Read More
UAB Juodeliai completes annual FSC® Chain of Custody audit in Lithuania
UAB Juodeliai fully conforms to the requirements of the FSC® chain of custody (CoC) certification standards, as stated in the annual FSC® CoC audit report conducted in April this year. Each…
Read More
Weyerhaeuser reports 1Q2020 results
Weyerhaeuser reported 1Q2020 results on May 1, 2020. According to the announcement, the company reported first quarter net earnings of $150 million, or 20 cents per diluted share, on net sales of $1.7…
Read More
CatchMark Timber Trust reports 1Q2020 results
CatchMark Timber Trust reported 1Q2020 results on May 4, 2020. According to the announcement, the company increased revenues by 19% to $27.0 million, compared to $22.6 million in first quarter…
Read MoreCatchMark Timber Trust declared a dividend payable on June 15, 2020
CatchMark Timber Trust declared a quarterly cash dividend of $0.135 per share for its common stockholders of record on May 29, 2020, payable on June 15, 2020. Earlier, CatchMark reported negligible impacts of…
Read More
West Fraser reports 1Q2020 results
West Fraser reported 1Q2020 results on April 29, 2020. In 1Q2018, West Fraser increased Adjusted EBITDA margin to 27.8%. Earlier, West Fraser Timber declared a quarterly dividend payable on October 10, 2019….
Read More
Klabin reports 1Q2020 results
Klabin, Brazil’s leading producer and exporter of packaging paper and the country’s only company to offer a one-stop shop solution for hardwood, reported 1Q2020 results on May 4, 2020. According…
Read More
Setra reports 1Q2020 results
Wood products company Setra reported 1Q2020 results on April 24, 2020. The company reported an operating profit of SEK 12 (83) million for the period January–March 2020. Net sales totaled…
Read MoreKesla brings to the market a new generation of harvester heads
Kesla, the diversified forest technology company, introduced a new generation of harvester heads. According to the announcement, the brand new KESLA 19RH-III and 21RH-III harvester heads represent the latest technology…
Read More
Forest Stewardship Council of Australia informs that VicForests is longer eligible for membership
VicForests informed that the Forest Stewardship Council of Australia advised that the company was no longer eligible for membership. According to the announcement, the Council has stated that it will…
Read More
Titan Group increases shipping of timber in Russia by 13% in January-March 2020
Group of companies “Titan” informed that in January-March 2020 the timber enterprises of the holding harvested 1 297.9 thousand m3 of timber ( 58,3 thousand m3 increase y-o-y), while shipping of…
Read MoreCatchMark Timber Trust appoints Tim E. Bentsen and James M. DeCosmo as new independent directors to the board
CatchMark Timber Trust appointed two new independent directors to the board – Tim E. Bentsen and James M. DeCosmo – effective immediately. Tim E. Bentsen is a former audit partner and…
Read MoreWest Fraser Timber adopts a shareholder rights plan
West Fraser Timber announced that it has adopted a shareholder rights plan effective April 9, 2020. According to the announcement, the Rights Plan has been adopted to ensure, to the…
Read MoreWest Fraser Timber obtains an additional $150 million committed revolving credit facility
West Fraser Timber announced that it has obtained from a syndicate of lenders an additional $150 million committed revolving credit facility. According to the announcement, the committed facility has a…
Read More
Komatsu Forest appoints Jens Bengtsson as CEO
Komatsu Forest appointed Jens Bengtsson as CEO of Komatsu Forest AB, one of the world’s leading manufacturers of forest machines and related services and accessories. Jens Bengtsson has worked in…
Read More
Molpus Woodlands Group purchases 66,946 acres of timberland in Mississippi
The Molpus Woodlands Group, a timberland investment management organization headquartered in Jackson, Mississippi, has, on behalf of two clients, successfully purchased approximately 66,946 acres of timberland in southeast Mississippi. According to…
Read More
Sumitomo Forestry joins RE100 renewable energy initiative
Sumitomo Forestry (SFC) announced that it has joined the international initiative RE100, led by The Climate Group in partnership with CDP, whichaims to have companies utilize 100% renewable energy for…
Read MoreKesla relocates its pare parts storage to Maantec Oy’s premises
Kesla, the diversified forest technology company, has relocated its spare parts storage in Southern Finland to Maantec Oy’s premises in Kauklahti, Espoo. According to the announcement, at the moment there…
Read More
Weyerhaeuser completes sale of its Montana timberlands in the US to Southern Pine Plantations
Weyerhaeuser completes sale of its 630,000 acres of timberland in Montana to Southern Pine Plantations for approximately $145 million in cash. The sale of our Montana timberlands is part of our ongoing…
Read More
Rottne Industri reports record forestry machinery deliveries in 2019
Rottne Industri AB reported record high forestry machinery deliveries in 2019. “We’ve succeeded with our strategy of focusing on what we do best. Quality, innovations, serviceability and operator comfort have…
Read MoreTitan Group increases shipping of timber in Russia by 17.5% in January-February 2020
Group of companies “Titan” informed that in January-February 2020 the timber enterprises of the holding harvested 877.5 thousand m3 of timber ( 79,5 thousand m3 increase y-o-y), while shipping of the…
Read More