Archive

  • Panels
  • March 27, 2003 00:00

Wood-based panels industry hoping for further improvements

During the recent EPF General Assembly, held on 21 March in Brussels, the European wood-based panels manufacturers reported that MDF passed the 10-million m³ threshold for production by far. The corresponding buoyant European demand for MDF was also reflected by the considerable decrease in overall stocks throughout the year 2002. The main driver for growth in MDF consumption continues to be the l... [more...]

  • Forestry
  • March 27, 2003 00:00

IP Sells 1.5 Million Acres of Forestland

International Paper announced plans to sell approximately 1.5 million acres of southern U.S. forestland over the next five years through Southeast Timber Inc., a company controlled by International Paper, with an interest held by a private investor. This company will be International Paper's primary vehicle for selling southern forestland over the next five years. As part of this plan, Internation... [more...]

  • Panels
  • March 26, 2003 00:00

Temple-Inland Comments on First Quarter Earnings

Temple-Inland announced that first quarter 2003 results will decline from fourth quarter 2002 levels due to continued economic weakness, higher energy costs, disruptions from severe winter weather, higher pension expenses, initial costs related to previously announced plans to lower costs through consolidation and supply chain initiatives, and costs associated with recent box plant closures. P... [more...]

  • Forestry
  • March 26, 2003 00:00

New Forest Plan in British Columbia

The government of British Columbia is introducing a comprehensive forestry revitalization plan that will reverse the decline of the province’s most important industry by opening up new opportunities for British Columbians. The government will reallocate 20 per cent of logging rights from major licensees, which will be added to what is already available on the open market. As a result of these and... [more...]

  • Forestry
  • March 25, 2003 00:00

Finance Company takes Stake in Tree Cropping Firm

The Australian company Integrated Tree Cropping Limited (ITC) has entered into an arrangement with its major financer, Futuris Corporation Limited, to recapitalise the company's balance sheet. This will see Futuris exercise an option it holds to subscribe for a 50% stake in ITC and underwrite a renounceable rights issue to all shareholders, providing a total of approximately $20 million in new e... [more...]

  • Forestry
  • March 25, 2003 00:00

Brazil: Exports on the rise

Brazil s forest exports increased during February, totalling US$387 million, an increase of 6.4 per cent over January, SBS reported. Sales of paper and pulp product totalled US$229 million and wood products US$158 million.... [more...]

  • Forestry
  • March 25, 2003 00:00

S&P Revises Outlook on Norske Skog

Standard & Poor's Ratings Services affirmed its long-term 'BBB' ratings on Norske Skog, but revised its outlook on Norske Skog's long-term ratings to 'negative' from 'stable'. At the same time, the short-term corporate credit rating was lowered to 'A-3' from 'A-2'. All ratings were removed from CreditWatch, where they had been placed on February 5, 2003, with negative implications. The revision... [more...]

  • Panels
  • March 24, 2003 00:00

Euro 100 Mio. Papermaking Line to China

Metso Paper will supply a complete production line for LWC paper to Jiangxi Chenming Paper Co., Ltd. in China. The new production line will form the core of the new greenfield paper mill to be built in Nanchang in the province of Jiangxi, and scheduled for start-up in the latter half of 2004. The value of the order is approximately EUR 100 million. The production capacity of the new line will be... [more...]

  • Wood energy
  • March 24, 2003 00:00

Higher pulp prices

Western Pulp Inc. announced last week that it will be raising its price for northern bleached softwood kraft pulp by US $40 per tonne effective April 1st in Europe and the United States until further notice. This follows similar announcements by other producers in the United States and Canada over the last week. Western's price will be US $560 per tonne in Europe and US $580 per tonne in the Unit... [more...]

  • Forestry
  • March 24, 2003 00:00

British Columbia launches marketing network

Premier Gordon Campbell and Forests Minister Michael de Jong joined industry and community leaders and international officials launched last Friday a $3-million global marketing network to promote B.C.’s world-class forest practices and products. The funding is part of government’s $20-million commitment to international marketing and product development, which was announced last fall. The net... [more...]

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