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 Industry Roundup |
Forestry
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Nature Conservation Council urges end to native forest logging subsidies amid New South Wales budget deficit; CEO says shift to profitable plantation sector could save taxpayers and forests, put Forestry Corp. 'on a path to sustainable operations'
Targeted News Service (Press Releases) (06/23)
Timber Queensland says Australia must lift water rule barrier in Emissions Reduction Fund to promote new plantation investment; CEO says plantation forestry is the only land-based carbon sequestration activity subject to 'this perverse rule'
Friday Offcuts (06/23)
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Timberland / Forestland
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Ence offers free native hardwood seedlings to forest owners that supply the company, to promote sustainable eucalyptus plantations; initiative aims to improve biodiversity, reduce fire risk, enrich landscapes
ENCE Energia y Celulosa SA (06/23)
Canada, US formalize agreement to jointly combat wildfires, as Canada battles record-setting fire season with more than 63,000 sq. km. burned this year; plan improves resource sharing and collaboration on technological innovations, training, research
Canadian Press DataFile (06/23)
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Forestry/Timberland
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As Lebel-sur-Quévillon, Quebec is evacuated for second time in less than three weeks, mayor says it will 'absolutely take rain for us to return home'; hot, dry weather conditions complicating firefighting efforts are forecast to persist through weekend
Canadian Press DataFile (06/23)
US Fish & Wildlife Service names Scott Covington assistant regional director for Science Applications in Pacific Region; he will lead conservation and climate adaptation efforts in Hawaii, Idaho, Oregon, Washington, and Pacific Islands
U.S. Fish & Wildlife Service (06/23)
Almost 1,500 foreign firefighters from 10 countries help battle worst-ever Canadian forest fire season; deployed through Canadian Interagency Forest Fire Centre, they endure fatigue, mosquitoes during stints of 14 days or more in unfamiliar conditions
Canadian Press DataFile (06/23)
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Land
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Land
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Alberta's premier keeps Central Peace-Notley MLA Todd Loewen in place leading Ministry of Forestry and Parks in new cabinet
The Signal (06/23)
Arizona wrestles with multiple wildfires, with Oak Wildfire in Coronado National Forest the biggest at some 5,500 acres; Bullet Fire in Tonto National Forest reached 3,355 acres, and Volunteer Fire near Flagstaff 2,675 acres
Arizona Republic, The (06/23)
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Wood Products
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Oriented Strand Board (OSB)
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CIBC: Mid-week update published June 21 shows SPF lumber continues to strengthen given Canadian wildfire concerns, with W. SPF up 2.6% since June 16 to US$390/mbf, SYP 2x4 flat at US$385/mbf; OSB pricing up 1.6% in North Central, up 5.2% in Western Canada
CIBC World Markets Inc. (06/23)
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MDF, Particleboard & Non-Structural Panels
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Andritz to supply refining system for Sudama's new fiberboard production line in Uttarakhand, India, which is scheduled for startup in Q1, 2024; technology will deliver high-quality MDF at 25 tons/hour capacity
Andritz AG (06/23)
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Lumber
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Price of benchmark framing dimension lumber grade Western SPF 2x4 #2&Btr KD (RL) in week ended June 23 up 4% compared with prior week at US$406/mbf, down 24% year-over-year: Madison's
Madison's Lumber Reporter (06/23)
Price of benchmark southern yellow pine lumber grade SYP East Side 2x4 #2&Btr KD (RL) in week ended June 23 down 2% from prior week, at US$400/mbf, down 39% year-over-year: Madison's
Madison's Lumber Reporter (06/23)
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Pulp/Fiber
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Paper Pulp
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Altri CEO leaves Greenvolt board following completion of the separation of pulp and renewable energy businesses, under which Altri no longer holds shares in Greenvolt
CE Noticias Financieras (Latin America) (06/23)
Stora Enso chooses ABB to supply sectional drive systems for Oulu mill in Finland, where company is converting former paper line into consumer board line for folding boxboard, coated unbleached kraft; production on new converted machine to start in 2025
Stora Enso Oyj (06/23)
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Paper Recycling / Recovered Paper
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Buchmann Karton resumes production of recycled cartonboard on board machine at mill in Annweiler, Germany, which had been idled since June 5 when fire damaged machine's rewinder; Buchmann fulfilled orders from inventory of its new parent company, Weig
Industry Intelligence Inc. (06/23)
Kadant starts up new 650 BDMT/day OCC line to produce containerboard at Shandong Hechuang Paper's facility in Linyi, China; Kadant starts up new pulping system for Lee & Man's PM26 in Malaysia, featuring Kadant Foundations fiber processing product line
China Business News (06/23)
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Publication / Fine Paper
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European printing-writing paper market has been weak over past two quarters, and most European paper mills operating at 60%-75% capacity, leading to price pressure; UPM to close PM4, PM6, while Norske Skog PM6 remains shut, Heinzel, Mondi plan conversions
Industry Intelligence Inc. (06/23)
LEIPA launches digital-direct sale of its new sheet paper to printers for first time via digital platform, using Zaikio Procurement's app; print shop customers in Germany can now purchase LEIPA Square brand's new sheet-fed paper via Zaikio Procurement
LEIPA Group GmbH (06/23)
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Containerboard
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Pingfeng Paper in China selects Kadant Fiberline to deliver OCC line with capacity of approximately 720 BDMT per day of corrugated paper, featuring technology that enables high capacity with low energy consumption; commissioning expected in 2024
China Business News (06/23)
Progroup's Schuttorf site produces corrugated board sheets, transports them via conveyor bridge directly to company’s neighbor, which then turns them into packaging; model saves significant amount of CO2 emissions, freight costs, reduces delivery times
Progroup AG (06/23)
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Real Estate
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Existing Homes
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US existing-home sales rose 0.2% in May to seasonally adjusted annual rate of 4.30 million; inventory of unsold homes increased 3.8% to 1.08 million, equal to 3.0 months of the monthly sales pace: NAR
National Association of Realtors (NAR) (06/23)
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Home Ownership
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Commentary: Gen Z makes up average of 14.9% potential homebuyers in 50 largest US metros, should grow in coming years; remote work changed young people's attitudes toward housing, allowed them to feel comfortable moving to new cities not based on a job
Axios (06/23)
US needs 4.3 million more affordable homes as millions live in "missing households"; housing crisis leaves low-income families unable to obtain their own property, exacerbating existing inequalities: Zillow
PR Newswire (06/23)
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Mortgages / Home Financing
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US 30-year fixed-rate mortgage averaged 6.67% as of Jun. 22, down from 6.69% a week ago; 30-year FRM averaged 5.81% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (06/23)
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Housing Starts
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RBC Capital: May US housing data viewed as positive, with housing starts above expectations, as single-family starts rose 18.5% from April, multifamily starts up 28.1%; permits also beat estimates, and homebuilder confidence rises for sixth straight month
RBC Capital Markets LLC (06/23)
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Real Estate
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Capital Economics: Estimated 35% plunge in office sector values by end-2025 won't recover even by 2040 on lower demand following shift to remote work; reduced office demand is similar to malls over last six years, as consumers leaned into online shopping
Fortune (06/23)
Executive Perspective: 'Yes in my backyard' movement to support new housing works at all government levels to create positive political environment for housing, counteract anti-housing 'not in my backyard' movement, says executive director of YIMBY Action
John Burns Real Estate Consulting LLC (06/23)
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Logistics
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Rail Cargo / Shipping
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Canadian Pacific Kansas City releases 2022 sustainability data report, which offers insights on ESG integration during merger of CP and KCS; report aligns with Global Reporting Initiative Standards, Sustainability Accounting Standards Board framework
Canada Newswire (06/23)
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Ocean Cargo / Shipping
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Yara Clean Ammonia, Bunker Holding sign MoU to develop clean ammonia as marine fuel for shipping industry along key trade routes, ports in various regions; agreement brings together global supplier of clean ammonia and largest bunker supplier
GlobeNewswire Europe (06/23)
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Logistics, Shipping & Delivery
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Saia LTL Freight lands on Inbound Logistics' 2023 Green Supply Chain Partner list; company has invested in new tractors, trailers for fuel efficiency, implemented efficient linehaul scheduling and conducted pilots for alternative fuels such as CNG
GlobeNewswire (06/23)
Canada Post releases 2022 sustainability report; highlights include achieving 6% decrease in operational emissions compared to 2019 and becoming one of first four Canadian companies to have officially approved net-zero emissions target by SBTi
Canada Newswire (06/23)
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Stock
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Latest: Jun, 23 2023
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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50.23
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51.78
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-2.99%
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12.47%
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Rayonier (RYN)
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28.42
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29.12
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-2.40%
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-23.29%
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Weyerhaeuser (WY)
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30.41
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30.85
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-1.43%
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-8.65%
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Forestry & Timberland
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