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 Industry Roundup |
Logs / Timber
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HS Timber says six years of using Timflow GPS-based tracking system has 'significantly increased' supply chain security and contributed to fight against illegal logging in Romania
HS Timber Group GmbH (04/27)
Allegheny Wood Products plan to relocate Moorefield log-fumigation facility to Baker, West Virginia, gets pushback from residents; state has made preliminary plans to issue air quality permit, and regulators will hold public hearing on May 4
Canadian Press DataFile (04/27)
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Deforestation / Reforestation
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Two Sides North America reports improving perception among US consumers about sustainability of paper products; survey finds fewer people think paper products are bad for environment, blame paper use for forest loss, and more know paper is highly recycled
Two Sides North America (04/27)
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Forestry
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Copec plans investments of US$1.88B in 2023, with two-thirds to forestry sector, one-third to energy, both in Chile and abroad; Arauco's MAPA project will increase total pulp production capacity by over 30% when it reaches full capacity in another year
CE Noticias Financieras (Latin America) (04/27)
Preserving diversity of forests assures their productivity and potentially increases accumulation of carbon and nitrogen in the soil, helping to sustain soil fertility and mitigate global climate change: University of Michigan study
Targeted News Service (Press Releases) (04/27)
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Timberland / Forestland
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Mississippi man pleads guilty to conspiracy to defraud investors in timber deed scheme; Ted Brent Alexander admitted he and a co-conspirator solicited millions of dollars from investors and faces up to five years in prison, plus a fine of up to US$250,000
States News Service (04/27)
Wildfire in Croatan National Forest, North Carolina, remains at 30% contained with 32,400 acres burned
CBS - 9 WNCT (Greenville, NC) (04/27)
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Forestry/Timberland
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TPL honors conservation leaders and advocates for legislative action during annual 'Day on the Hill' in Washington D.C.; Doris Duke Foundation receives Groundbreaker Award, US Dept. of the Interior recognized with Public Land for Public Good Award
Trust for Public Land (04/27)
Wild Montana names John Todd as executive director; in 11 years with organization, Todd oversaw advancement of Blackfoot Clearwater Stewardship Act, defense of Montana's wilderness study areas, advocacy for wild places in federal agency planning processes
Independent Record (Helena, MT) (04/27)
Scion senior scientist Dr. Grace Villamor joins Te Pūnaha Matatini, a New Zealand Centre of Research Excellence, as a principal investigator; Villamor's current research at Scion focuses on managing risks and uncertainty for resilient forests
Scion (04/27)
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Agri
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Fruit Farming
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Suntory Beverage & Food Great Britain and Ireland unveils research project that aims to reduce GHG emissions by growing blackcurrants through regenerative farming practices
FoodNavigator.com (04/27)
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Regenerative Agriculture
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While major companies are enlisting regenerative agriculture to delivery on their lofty emissions reduction goals, industry officials are divided over whether the practice can produce tangible results
Food Dive (04/27)
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Wood Products
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Oriented Strand Board (OSB)
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RBC highlights wood products news for the week (April 23): Lumber/OSB prices rise; PotlatchDeltic announces CFO transition; LP agrees to acquire assets owned by Wawa OSB; Tolko cuts capacity in British Columbia; Roseburg invests in new capacity in Oregon
RBC Capital Markets LLC (04/27)
North American structural panel production in Q1 was 8.016 bsf, down from 8.518 bsf a year earlier; Q1 OSB output down 6.9% year-over-year to 5.557 bsf, plywood production down 3.4% to 2.459 bsf: APA
Industry Intelligence Inc. (04/27)
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Plywood
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UPM Plywood to restructure, scale operations to meet reduced production capacity, deteriorating markets; company has adjusted spruce plywood and veneer production with layoffs throughout current year, says outlook also uncertain for birch plywood
UPM Kymmene Oyj (04/27)
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Engineered Wood Products (EWP)
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Mass timber has had more than 20 years of success in Europe and its adoption is picking up speed in North America; sustainable, versatile and resilient, mass timber could shake up the building industry and contribute to a greener construction footprint
Mondaq Business Briefing (04/27)
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Lumber
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Large fire breaks out at Hood Industries sawmill in Bogalusa, Louisiana, late on April 23, when mill was not operating; firefighters say fire was contained to immediate area around debarker unit
The Daily News (04/27)
RBC Q1 Preview: Favoring lumber and timber companies for rest of 2023, expecting further lumber capacity closures in British Columbia; reduced sawmill capacity, pick-up in home building activity setting up for a much improved pricing environment in 2024
RBC Capital Markets LLC (04/27)
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Pulp/Fiber
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Paper Pulp
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Since 2005, AF&PA members have improved energy efficiency of pulp, paper mills by 13%, largely due to increased use of renewable energy like biomass; AF&PA members have also reduced GHG emissions by nearly 25% in that time, with goal of additional 50%
American Forest & Paper Association (AF&PA) (04/27)
RBC Q1 Preview: Lower pulp and containerboard pricing expected to weigh on companies leveraged to these commodities in Q1; given level of economic uncertainty, it's unclear when pulp and containerboard prices will reach their bottom
RBC Capital Markets LLC (04/27)
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Publication / Fine Paper
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Landslide at Norske Skog Saugbrugs paper mill in Norway causes 'great damage' to building, machinery and equipment for PM6, leading to shut down for 'longer period' of 260,000-tonne-capacity SC magazine paper machine; operations of Saugbrugs PM4 continue
Norske Skogindustrier ASA (Norske Skog) (04/27)
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Specialty Papers
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Koehler Paper introduces flexible product packaging made of paper for first time; Koehler NexPlus Seal Pure paper now available as recyclable flexible packaging option for products where no additional barriers are required, such as screws, parts, LEDs
Koehler Paper (04/27)
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Containerboard
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Zacks: IP's Q1 adjusted EPS surpass expectations, but down 39% year-over-year, as sales volumes for corrugated boxes and containerboard continue to be impacted by customer inventory destocking; net sales also beat estimate, but drop 4%
Zack's Commentary (04/27)
RBC highlights paper products news for the week (April 23): Containerboard/boxboard prices hold, with US liner, medium and boxboard prices flat in April for second month in a row; in RBC's Q1 preview, favorite names are Cascades, Clearwater Paper, Sylvamo
RBC Capital Markets LLC (04/27)
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Paperboard
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Metsa Board holds Partner Day to meets with entrepreneurs from different construction and installation sectors, discuss project timetable and labor needs for Kaskinen folding boxboard mill project; investment decision to be made in 2024 at the earliest
Metsa Board Corp. (04/27)
MigPAP project aims to map migration of organic substances into, out of paper packaging for the purposes of experimental testing and model-based predictions; project will also provide tools for developing paper, packaging with intended barrier properties
Paper World (04/27)
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Real Estate
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Mortgages / Home Financing
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US 30-year fixed-rate mortgage averaged 6.43% as of Apr. 27, up from 6.39% a week ago; 30-year FRM averaged 5.10% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (04/27)
US homebuyer affordability declined in March as the national median payment applied for increased 1.6% to US$2,093 from US$2,061 in February; decline in affordability due to higher mortgage rates and low inventory: Mortgage Bankers Assn.
Mortgage Bankers Association (04/27)
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Housing Starts
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Commentary: Canadian home prices forecast to stabilize in mid-2023; housing starts to decline and remain well below 2021 and 2022 levels due to higher construction and borrowing costs for housing developers, before seeing some recovery in 2024 and 2025
Canada Newswire (04/27)
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Remodeling
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Maryland-based home improvement company Home Genius Exteriors wins both the Product Excellence and MVP Top Performer awards at 2023 Owens Corning Roofing Platinum Preferred Conference in Arizona
Daily Scrum News, The (Canada) (04/27)
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Real Estate
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Pending US home sales decreased in March, down 5.2% from February to 78.9 on NAR's index, 23.2% lower year-over-year; three regions registered annual declines in transactions, the South registered an increase
National Association of Realtors (NAR) (04/27)
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Logistics
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Rail Cargo / Shipping
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Multimodal logistics gain traction in supply chain optimization as businesses adopt integrated transport solutions; efficiency, cost reductions and seamless connectivity drive industry shift towards air, rail, sea and last-mile delivery: Frost & Sullivan
Air Cargo Update (04/27)
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Ocean Cargo / Shipping
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International energy transportation company Toro acquires three LPG vessels for US$70.7M in its first move as an independent firm; move to create diversified fleet of tankers and LPG vessels as firm plans further expansion, diversification and renewal
GlobeNewswire (04/27)
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Logistics, Shipping & Delivery
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U.S. Department of Transportation Expands Investment in Regional Infrastructure Accelerators Grant Program
U.S. Dept. of Transportation (04/27)
Singapore-based food solutions provider SATS closes approximately US$1.8B acquisition of Worldwide Flight Services to create network covering over 50% of global air cargo volume; group operates in five of 10 top cargo airports in North America and Europe
Air Cargo Update (04/27)
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Bioeconomy
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Biomass
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Lenzing speeds up energy transition at Heiligenkreuz, Austria, production facility, where 50% of natural gas currently used can be replaced by renewable sources; company to acquire 43 MW biomass power plant from Energie 42, with regulatory approvals in Q2
Lenzing AG (04/27)
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Biofuels
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ResourceWise launches Prima CarbonZero, an online analytics platform designed for business leaders and analysts at organizations that produce, trade, invest in low-carbon fuels and feedstocks
Forest2Market Inc. (04/27)
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Stock
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Latest: Apr, 27 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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45.63
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45.24
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0.86%
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-16.63%
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Rayonier (RYN)
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31.13
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30.82
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1.01%
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-28.62%
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Weyerhaeuser (WY)
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29.39
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29.19
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0.69%
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-28.07%
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Forestry & Timberland
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