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 Industry Roundup |
Logs / Timber
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Aspen Wood Products' new US$2M pellet mill in Mancos, Colorado, will produce aspen and ponderosa pine pellets for heating, animal bedding; Mesa Verde Pellets captures aspen sawdust from AWP excelsior mill and also uses chipped logs
The Durango Herald (02/22)
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Deforestation / Reforestation
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CSAA Insurance Group invests US$25M to California Wildfire Innovation Fund, developed in partnership with Blue Forest; aim of fund is to decrease severity, frequency of catastrophic wildfire by supporting forest restoration-related economic development
Business Wire (02/22)
Asia Pulp and Paper Sinar Mas appoints Anthony Sebastian as its first Chief Sustainability Advisor; he will focus on guiding sustainability matters through ESG lens, with focus on ecological restoration as part of organization's Forest Conservation Policy
Contify Retail News (02/22)
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Forestry
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Vaagen Fibre Canada's fiber manager Dan Macmaster is named 2022 Professional Forester of the Year by Assn. of BC Forest Professionals
Grand Forks Gazette (02/22)
US Forest Service releases final revised Nantahala and Pisgah Forest plan to guide management of the North Carolina national forests; plan supports sustainable management, healthy and resilient forests, recreation, water, wilderness and wildlife habitat
U.S. Fed News (02/22)
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Timberland / Forestland
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Fewer than half of tropical country governments are using latest mapping technology to report key environmental data about tropical forests to UN; study finding raises questions about UN data accuracy
ENP Newswire (02/22)
Washington State legislative committee endorses plan to sell forestry carbon offsets, but stipulates that DNR cannot reduce planned timber harvests or lease less land for agriculture; American Forest Resource Council remains opposed to the bill
Chinook Observer (02/22)
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Forestry/Timberland
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Demand for birch increases in Sweden amid shortage of seeds; production of refined birch in 2022 rose by more than 50% compared with 2021
M-Brain Nordic News (02/22)
USDA's Natural Resources Conservation Service in Oregon to invest more than US$5M through Joint Chiefs' Landscape Restoration Partnership program to support two new projects in Mt. Hood and Malheur National Forests
States News Service (02/22)
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Agri
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Greenhouse / Urban / Vertical Farming
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Purdue University researchers design two simple LED lighting strategies they say could make vertical farming less costly, more productive by increasing yield and reducing energy costs
Targeted News Service (Press Releases) (02/22)
Fresh produce shortages prompt UK supermarkets to ration fruits, vegetables; shortages mostly caused by extreme weather, including snow and flooding in north Africa and Spain, as well as planting reductions at British greenhouses amid rising heating costs
EcoWatch (02/22)
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Agricultural Technology
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North Carolina State University study shows wrapping yam seeds in biodegradable paper made from mixture of unusable parts of banana plants and recycled paperboard boxes sharply increased yam size and yields in field tests conducted in Benin, Africa
Targeted News Service (02/22)
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Land
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Land
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Italian tissue maker Sofidel eyes Millersburg, Oregon, for new wholesale and production site; city seeks to swap 167 acres of hazelnut orchard farmland for 163 acres outside city limits on hopes to house new industrial operation, decision set for March 7
Albany Democrat-Herald (OR) (02/22)
The sights of IDEX 2023 Day 3
Breaking Defense (02/22)
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Farmland
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Effort to ban foreign adversaries from buying US farmland picks up steam in Congress amid growing concern over China's influence
Spokesman-Review (02/22)
Iowa lawmakers advance bill that would allow foreign companies to buy contiguous farmland tracts of 1,000 acres or more to build factories; a company would need to spend at least US$1B on its project to qualify
Des Moines Register (02/22)
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Wood Products
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Oriented Strand Board (OSB)
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Zacks: LP reports lackluster Q4 results, but earnings surpass Zacks Consensus Estimate despite declining significantly year-over-year; net sales of US$705M marginally miss expectations and decline 16% due to lower OSB prices and volume
Zack's Commentary (02/22)
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Lumber
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RBC Capital: WWPA softwood lumber stats in November show European imports added to market woes, with North American production down 3.0% year-over-year; November 2022 was second busiest month for lumber imports from Europe since global financial crisis
RBC Capital Markets LLC (02/22)
Canada's Lynx Equity acquires Buse Timber & Sales in Everett, Washington; Buse specializes in cutting high-grade timbers and other high-end products such as transmission cross-arms, industrial clears, and FOHC timbers
PR Newswire (02/22)
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Pulp/Fiber
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Paper Pulp
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Nine Dragons Paper building new wood pulp lines in Shenyang and Beihai, China; when complete, group's production capacity will be 7.43 million tpa, including 4.07 million tpa of wood pulp, 1.30 million tpa of recycled pulp, 2.06 million tpa of wood fiber
Industry Intelligence Inc. (02/22)
Bracell begins using 100% electric truck to transport pulp from mill in Lençóis Paulista to terminal, cutting about 132,000 kg of CO2eq/year; Brazilian pulp producer expanding sustainability actions to logistics part of production chain
Bracell Ltd. (02/22)
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Publication / Fine Paper
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Navigator's Q4 net income up 114% year-over-year to €122M on revenue of €642M, up 34.9% from Q4 2021, but down 5.6% from Q3; paper sales volumes down 7% year-over-year, and pulp sales down 38% from year ago on maintenance shuts, slower demand
Euronext Lisbon via PUBT (02/22)
Paper and paperboard production at West Coast Paper Mills' Dandeli, India, site disrupted due to strike of contract workers called by joint negotiation committee of trade unions; management expects to settle matter amicably, will update on expected loss
Accord Fintech (India) (02/22)
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Paperboard
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United Steelworkers union at Graphic Packaging paperboard mill in Domino, Texas, rejects latest contract offer, files 10-day strike notice; over 400 union members have been working without contract since April 2022 as they negotiate pay system, benefits
KSLA (02/22)
Sirane to showcase Earthboard Eco salmon boards at Seafood Expo North America; boards are recyclable, cost-effective when compared to traditional boards, can be made in gold, silver, black or any pantone color using pearlescent water-based coatings
Sirane Ltd. (02/22)
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Real Estate
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Mortgages / Home Financing
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Fortune lists mortgage rate predictions from eight experts: BofA sees rates falling to 5.25% by end-2023, says they likely peaked in 2022; Morgan Stanley sees rates falling to 6% by end-2023; Moody's sees 30-year fixed rate averaging 6.5% for most of 2023
Fortune (02/22)
US mortgage applications decreased 13.3% in week ended Feb. 17 from one week earlier; Refinance Index decreased 2.0%, Purchase Index decreased 18.0%: Mortgage Bankers Assn
Mortgage Bankers Association (02/22)
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Real Estate
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Total value of US homes was US$45.3T at the end of 2022, down US$2.3T from June's record high of US$47.7T; San Francisco, California registered the largest decline in total value, down. 6.7% year-over-year to US$517.5B: Redfin
Redfin Corp. (02/22)
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Logistics
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Rail Cargo / Shipping
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Port of Montreal to invest more than C$335M over five years on infrastructure; projects include optimizing substations to help port meet demand for electrical energy, adding six km of track to improve rail traffic flow, capacity and wharf modernization
Canada Newswire (02/22)
Wabtec, French operator Fret SNCF, regional operator RDT13 launch MONITOR project to expand freight rail in Europe by equipping railcars with sensors; project could advance EU goal of doubling rail to 30% by 2030 to help reach carbon neutrality by 2050
ENP Newswire (02/22)
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Trucking / Van Delivery
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FleetForce Truck Driving School expands with six new CDL training centers to become largest private commercial driver training partner in Florida; training sites to generate over 3,000 new commercial truck drivers annually to help address labor shortages
PR Newswire (02/22)
Leaf Logistics launches multi-shipper dedicated trucking fleet, Flex Fleet, to give shippers access to flexible service and brokers, carriers benefits of consistent schedules; Flex Fleets eliminate 76% of empty miles associated with unloaded trucks
Business Wire (02/22)
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Ocean Cargo / Shipping
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Port of Toronto reports moving cargo record of over 2.3 million tonnes in 2022, including 547,000 tonnes of sugar from Central, South America and over 750,000 tonnes of salt; port also moved 717,855 tonnes of cement, nearly 160,000 tonnes of steel product
Canada Newswire (02/22)
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Logistics, Shipping & Delivery
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Kuehne+Nagel to begin weekly international cargo flights at Alabama's Birmingham-Shuttlesworth International Airport in April to avoid bottlenecks at larger airports; move marks first time company establishes presence at secondary airport in North America
Kuehne + Nagel International AG (02/22)
Norfolk Southern announces new paid sick leave agreement for approximately 3,000 union railroaders; agreement enables workers to take up to seven paid sick days/year
PR Newswire (02/22)
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Bioeconomy
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Biomass
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North Carolina Dept. of Environmental Quality issues modified air permit for Enviva's Ahoskie wood pellet plant expansion; move follows contentious public hearing in August 2022 over plan to increase pellet production by more 150,000 oven-dried tons
The Daily Advance (02/22)
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Biofuels
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Stora Enso has experimented with combining carbon dioxide generated by pulp mills with hydrogen to produce fuels and chemicals; technology not yet sufficiently developed, but Stora Enso CEO thinks it will eventually become reality
M-Brain Nordic News (02/22)
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Stock
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Latest: Feb, 22 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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46.19
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45.88
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0.68%
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-13.19%
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Rayonier (RYN)
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34.06
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33.69
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1.10%
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-10.88%
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Weyerhaeuser (WY)
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30.84
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30.77
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0.23%
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-19.85%
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Forestry & Timberland
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