Every sector in forest products in the South swooned in 2009, with sawmill production falling an industry-worst 21 percent on top of a 23 percent decline in 2008.
Pulp and paper mills were less hard-hit, an industry group reported.
Sino-Forest Signs Long-term Master Agreement to Acquire Trees in Guizhou Province
TORONTO, Jan. 28 /CNW/ - Sino-Forest Corporation (TSX: TRE) ("Sino-Forest"), a leading commercial forest plantation operator in China, announced today that its wholly-owned subsidiary, Sino-Panel (China) Investments Limited has entered into a Master Agreement for the Purchase of Pine and Chinese Fir Plantation Forests (the "Guizhou Master Agreement") with Guizhou Sen Li Industry Company Limited ("Guizhou Sen Li"), which will act as the authorized agent for the original forest rights holders.
A report published Tuesday by PricewaterhouseCoopers found that the Canadian forest and paper industry lost $632 million in the third quarter of 2009, exceeding the $552 million reported in the same quarter of 2008.
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.
Indonesia: Industrial forest output to increase 36 percent
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.
India's wood imports show impressive growth rates!
New Delhi, Nov. 10, 2009 (RISI) - Although the growth in softwood log imports in India is impressive, at least 80% of India's log imports are hardwood. Teak logs are imported from Myanmar, various African countries, and Central and South America.
UPM to restructure plywood and timber operations in Finland
Nov 3 2009 UPM plans significant restructuring of its plywood and timber operations in Finland. Almost 900 jobs will be cut, but this time not in UPM's pulp and paper operations.
UPM and Sveza to postpone realization of project in Vologda region for 2 years
UPM-Kymmene (Finland) and Sveza Group postponed realization of the project on construction of a large timber industrial complex in the Vologda region for 2 years.
The new deputy minister of forestry in Ontario says the old days of the forestry industry are over and the leaders and the workers of that industry have to look for new directions and new ideas if the North is to profit from the vast quantities of wood fibre that remainin our
