Sägeindustrie

The cost of building timber will rise by up to 10 per cent from next month due to a severe supply shortage and booming international demand for New Zealand pine.

SANTIAGO, Nov 27 (Reuters) - Chilean industrial conglomerate Copec COP.SN said on Friday its nine-month profit tumbled 43.3 percent from a year ago, but its businesses were recovering from the worst of the global financial crisis.

SHANGHAI — British Columbia has only a small slice of the growing Chinese lumber market because most forest companies are shipping lumber cut to North American — not Chinese — specifications.

The supply of logs from the country's industrial forest (HTI) is expected to rise by 36 percent to 18.5 million cubic meters next year with the issuance of more forest development licenses, a director at the forestry ministry said.