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An example of a few headlines sent to our customers on Feb, 23 2022
Forestry & Timberland

powered by Industry Intelligence, Inc.

February 23, 2022

Industry Roundup

Logs

Alberta renews joint forest management agreement with West Fraser, Tolko for 20 years; minister says secure access to wood fiber gives the companies the security they need to make long-term investments in province's forests, economy, northern communities
Government of Alberta (02/22)

Tasmania to play big part in Australia's AU$86M plan to plant more than 150 million trees nationwide to provide future wood supply; federal government aims to partner with states, territories to deliver forest industry funding for effort over five years
Mercury (02/22)

Deforestation/Reforestation

Canadian expert in carbon offset project development Radicle partners with New York's Everland for carbon credits from Kasigau Corridor REDD+ project; Kenyan project protects 200,000 hectares of forest, avoids 1.7M tonnes/year of CO2
Canada Newswire (02/22)

Forestry

Native American tribes in area of Northern California at heart of redwood-logging protests want input in fate of ancestral homeland; officials say renewed debate could end in first agreement with Indigenous tribes to co-manage a state demonstration forest
Los Angeles Times (02/22)

Oregon Dept. of Forestry award of US$830,000 to Wild Rivers Coast Forest Collaborative helps accelerate forest restoration, fuel reduction on Rogue River-Siskiyou National Forest; project also helps achieve key objectives in Oregon's Forest Action Plan
Targeted News Service (02/22)

Timberland/Forestland

Forest2Market: US Forest Service plan that includes US$3B funding for confronting wildfire crisis is sound; focusing on firesheds where wildfires pose greatest risk to people, property and resources is a smart strategy and will make sense to the public
Forest2Market Inc. (02/22)

Groups urge Competition Bureau of Canada to investigate Drax's 'stranglehold' on British Columbia's wood pellet industry; they say UK utility has 'a lock on two thirds' of BC's 2.5 million tonnes/year of pellets and should be made to divest some holdings
Targeted News Service (02/22)

Forestry/Timberland

Forisk Timber REIT (FTR) Index, week ending Feb. 18: public timber REITS decreased 4.09% over past week
Forisk Consulting (02/22)

 Agri

Dairy Farming

Two-thirds of the world's largest meat and dairy farms, including suppliers for McDonald's and Tesco, aren't doing enough to prevent the next pandemic, according to report from the non-profit organization Fairr Initiative
The Independent (02/22)

Cannabis/Hemp/Marijuana Farming

New York hemp growers may begin planting this spring under new provisional licenses from the state, ahead of opening the recreational use market
CE Noticias Financieras (02/22)

New York Gov. Kathy Hochul signs legislation creating a new conditional license for marijuana cultivation, opening the door for hemp farmers to apply and begin growing soon
CE Noticias Financieras (02/22)

Regenerative Agriculture

Whole Foods releases Social Impact Update, highlights include: requiring products to have third-party certification or soil health information to support regenerative agriculture, debut of Sourced for Good seal that identifies sustainably sourced products
Whole Foods Market Inc. (02/22)

 Wood Products

Oriented Strand Board (OSB)

Zacks: LP's Q4 adjusted EPS surpass Zacks Consensus Estimate, and net sales of US$992M also top estimate, driven by solid segmental results; for Q1, LP expects Siding Solutions revenue to grow 10% year-over-year, and OSB revenues to sequentially rise 40%
Zacks Equity Research (02/22)

GP will invest US$20M to expand its operations in Alcolu, South Carolina, with focus on adding a third OSB line; addition will increase the plant's output by about 150 mmsf per year, is slated to be online by Q1 2023
Post & Courier (02/22)

Engineered Wood Products (EWP)

Boise Cascade reports Q4 net income of US$169.1M on sales of US$1.78B, up from year-ago income of US$26.0M on sales of US$1.47B; wood products segment sales, including sales to Building Materials Distribution, up 25% on higher net sales prices for EWP
Boise Cascade Co. (02/22)

Stora Enso to deliver CLT and LVL for Wisdome Stockholm, a new arena at Sweden’s National Museum of Science and Technology; Stora Enso's digital tools will also be used, such as CLT 360+ assembly app, Wiiste moisture sensor, Calculatis calculation tool
Cision Ltd. (02/22)

Cross-Laminated Timber (CLT)/Mass Timber

British Columbia to invest C$136.6M in facilities for BC Institute of Technology's trades and technology programs, with an emphasis on wood; plans include four-story building with mass timber elements, mass timber pavilion, marine and mass timber workshop
Targeted News Service (02/22)

Lumber

CIBC Chopping Block (Feb. 18): Lumber prices continue to strengthen on shipping difficulties, signs of increased buyer interest in procuring product ahead of spring demand; W. SPF up 3.9% week-over-week to US$1,325/mbf, and SYP 2x4 up 1.9% to US$1,442/mbf
CIBC World Markets Inc. (02/22)

Mercer swings to Q4 profit of US$74.5M from year-ago loss of US$13.0M on revenue up 30% to US$519.0M, and reports record high income for FY 2021; results driven by strong sales volumes, steady pulp and lumber pricing, surplus green energy sales in Germany
Globe Newswire  (02/22)

 Pulp/Fiber

Paper Pulp

Russian government gives priority investment status to major modernization of Selenginsk Pulp and Cardboard Mill that will increase containerboard production by 40 thousand tons/year to 150 thousand tons/year; project expected to cost 2.1B rubles in total
TendersInfo - News (02/22)

RBC Capital: December PPPC World-20 market pulp stats show supply disruptions driving market strength; pulp shipments to China dip 11.7% year-over-year in 2021, and with Arauco and UPM mill startups, Chinese demand rebound needed to keep market in balance
RBC Capital Markets LLC (02/22)

Recovered Paper

Kerala Corrugated Box Manufacturers Assn. proposes to increase corrugated box prices in wake of the sharp increase in prices of kraft paper and duplex board; the price rise is due to shortage of waste paper and import restrictions, says president
Business Line (02/22)

EU’s exports of recovered paper to India remains delayed for at least six more weeks as ERPA corrects EU policy mistake; India is EU’s largest importer of recovered paper, has high fiber demand and short supplies amid EU ban and US port congestion
Industry Intelligence Inc. (02/22)

Publication/Fine Paper

Sappi Europe increases prices for its graphic paper and board products--including fine paper, coated mechanical paper, paperboard--by 8% effective on deliveries from Apr. 1; price hike is in addition to Q1 price increases, including energy surcharges
Sappi (02/22)

UK's glossy catalogs, holiday brochures under threat amid strike at UPM's Finnish pulp and paper mills; UK printing stocks soon at 40% shortage, may not last until strike ends as nearly all of UK's 40 paper mills have switched to containerboard production
Daily Telegraph (02/22)

Specialty Papers

Ahlstrom-Munksjo partners with Ellepot and OrganoClick to produce the nonwoven paper for Organic 2.0 paper pot, a biobased and biodegradable solution to grow crops on an industrial scale; product is signed up for IDEA's Nonwoven Product Achievement Award
Ahlstrom-Munksjö Oyj (02/22)

Sappi Europe increases prices of its specialty paper grades--including flexible packaging, label, silicone base papers--for shipments as of Mar. 1; price hike comes amid high level of raw material, chemical, logistics costs, highly volatile energy prices
Sappi Ltd. (02/22)

Containerboard

Wells Fargo: Domestic containerboard market gearing up for March price hike; industry and many investors have gravitated toward view of US$50/ton hike in March, with remaining US$20/ton possibly reflected in April should supply/demand and/or costs warrant
Wells Fargo & Co. (02/22)

Kraft Group's International Forest Products promotes Edward Clark to VP, Europe; Clark joined company's UK containerboard sales team in 2013 and expanded his role in 2018 to include recycled fibers
International Forest Products LLC (IFP) (02/22)

 Real Estate

Existing Homes

Zacks: After successful 2020 and 2021, homebuilding market seems on track for further growth in 2022, with existing home sales up 6.7% in January after economists expected 1% drop; D.R. Horton, Toll Brothers, KB Home, Lennar likely to benefit in near term
Zacks Equity Research (02/22)

US existing-home sales rose 6.7% in January from December to seasonally adjusted annual rate of 6.5 million, with sales up in all regions; inventory of unsold homes decreased to a record low of 860,000, equal to 1.6 months of the monthly sales pace: NAR
National Association of Realtors (NAR) (02/22)

Housing Starts

RBC Capital: January US housing data viewed as neutral, with housing starts slightly below expectations but permits remain strong; homebuilder confidence down month-over-month, marking second consecutive decline as supply chain issues weigh on confidence
RBC Capital Markets LLC (02/22)

CIBC: US housing starts lower than expected in January, down 4% from December and down 1% year-over-year, but building permits up 1% month-over-month and year-over-year, a positive sign for building as supply chain issues, labor conditions slowly improve
CIBC World Markets Inc. (02/22)

Green Building/Development

US Hemp Building Foundation submits Hempcrete as an appendix in the International Residential Codes; experts are set to evaluate the paperwork for approval as a natural building material in the US
GlobeNewswire (02/22)

Real Estate

Share of Redfin users looking to move to another metro at record 32.4% in January; rising mortgage rates, rents prompting many to look to move to more affordable locations to stay within housing budget, with Miami, Phoenix, Tampa most popular destinations
Redfin Corp. (02/22)

Median US rental price up 19.8% year-over-year to US$1,789 in January, 20.6% higher than monthly starter home payments in 26 of 50 largest metros; rents expected to outpace listing price growth in 2022, already advancing across all unit sizes: Realtor.com
Realtor.com (02/22)

 Logistics

Trucking/Van Delivery

ABF Freight to host hiring event on Feb. 24-25 in Carlisle, Pennsylvania; company to offer bonuses of US$10,000 for full-time road drivers, US$5,000 for full-time forklift operators and US$5,000 for Driver Development Program trainees
PR Newswire (02/22)

REE Automotive announces debut of modular P7 commercial EV platform at Work Truck Week 2022 in Indianapolis, Indiana, March 9-11; platform fits class 3-5 vehicles, supports 8,800 pounds, has 35% more cargo space and all-wheel steering, AWD
GlobeNewswire (02/22)

Ocean Cargo/Shipping

High sea freight rates expected to come down by end of H1 2022, according to industry analysts; rates were exacerbated by prices of goods, which increased drastically in H2 2020, as well as vessel space scarcity and shipping container shortages
Sri Lanka Sunday Times (02/22)

Renewable Energy Group and marine fuel supplier Bunker Holding partner to advance biodiesel use in US and EU markets; REG to expand Bunker Holding's existing alternative fuel portfolio in order to offer sustainable fuels on a global scale in marine market
Business Wire (02/22)

Logistics, Shipping & Delivery

ATA's For-Hire Truck Tonnage Index up 0.6% in January after 0.9% increase in December; ATA says tonnage was down 1.5% from March 2020 when the pandemic hit and was boosted by rising retail sales and factory output, despite housing starts falling
PR Newswire (02/22)

Royal Mail delivers 85.6 pieces of first-class mail on-time during last week of January and misses its target of 93 pieces, after seeing record staff absences due to Omicron wave; company delivered 76.8 pieces on-time during last three months of 2021
Daily Telegraph (02/22)

 Stock

Latest: Feb, 22 2022

Latest Value Prev Chg YOY Chg
Watchlist
PotlatchDeltic (PCH) 53.21 53.53 -0.60% -1.46%
Rayonier (RYN) 38.22 38.54 -0.83% 8.15%
Weyerhaeuser (WY) 38.48 39.18 -1.79% 8.46%
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