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Coillte, Ireland’s leading natural resources company, announced on July 25, an operating profit before exceptional items of €35m for 2012. The annual results published, also show the company paid a dividend of €2m to the State. Coillte Group turnover increased by €3m during 2012 to €262.2m an increase of 1%. ... [more...]
A Canadian company, KD Quality Pellets based in New Liskeard, Ontario, announced that it will start up production at a new wood pellet plant. The annual production of pellets will be around 45,000 tons and more than 95% of the output is destined to Europe, mostly UK and Italy.... [more...]
US imports of plywood, including imports from China, recovered in April after a steep drop in March. Furniture imports also grew, while imports of other processed wood products were largely stable compared to the previous month. Hardwood plywood imports rebounded in April after a steep drop in March. Total hardwood plywood imports were 264,715 m³ in April, up 33% from March. Year-todate imports are 35% higher than in 2012. The recovery in total imports was due to higher imports from China. China’s shipments increased from 61,058 m³ in March to 170,984 in April (+33% on a year-to-date basis). ... [more...]
The market of both imported and domestic produced plywood continues firm trend with the prices edging up. Shipment of domestic plywood has been brisk for precutting plants and house builders. Both production and shipment in May exceeded 210 M cbms. ... [more...]
North American wood pellet exports reached a new record of over one million tons in the 1Q/13, according to the North American Wood Fiber Review. There has been a steady growth in shipments from both the US and Canada the past few years, mainly as a result of the continued increase in demand for pellets in the United Kingdom.... [more...]
Rayonier reported 2Q 2013 net income attributable to shareholders of $87 million, compared to $69 million in the prior year period. The 2Q results included a $16 million gain related to the consolidation of its 65% owned New Zealand joint venture (JV), as the company said in a press release. ... [more...]
In general, British Columbia has historically accounted for the largest share of wood product manufacturing in Canada. From June 2012 to May 2013, the province was responsible for 33.2% of national wood product manufacturing sales. From June 2012 to May 2013, sales rose $1.4 billion to $7.5 billion, up 22.9% from the same period one year earlier. Wood product manufacturing accounted for 19.0% of all manufacturing in British Columbia.... [more...]
The following prices were recorded for teak log sales during competitive bidding on 21st and 24th June 2013 during the Myanma Timber Enterprise tender. The next tender sale is in late July.... [more...]
Plum Creek Timber Company announced second quarter earnings of $46 million on revenues of $303 million. Earnings for the second quarter of 2012 were $36 million on revenues of $294 million. Earnings for the first six months of 2013 improved $37 million compared to the same period of 2012. Earnings were $102 million on revenues of $643 million. Earnings for the first six months of 2012 were $65 million on revenues of $631 million.... [more...]