New Forests has partnered with Oji Holdings to establish the Future Forest Innovations Fund, a forest investment fund to help it achieve its 2030 environmental goals.
News in international markets
UK Biofuel Policy Following Brexit Opened Markets for US Wood Pellets
Since Brexit, the UK’s renewable energy strategy has led to increased imports wood pellets, the USDA Economic Research Service reported.
Setra Reduces Production in Långshyttan, Sweden
Setra Group will transition its Långshyttan, Sweden, CLT and wood component facility from continuous production to periodic production.
Latvian Forest Company Exploring Sale of Forest Assets in Latvia and Lithuania
Latvian Forest Company AB will explore the market regarding a sale of the company’s forest assets in Latvia and Lithuania.
UK to Plant First National Forest in 30 Years
The Western Forest will see 20 million trees set to be planted across the West of England in the coming decades, creating at least 2,500 hectares of new woodland.
China’s Struggling Real Estate Market Moves Closer to Stabilizing
UBS analysts are the latest to raise expectations that China’s struggling real estate market is close to stabilizing, CNBC reported.
New Zealand and India Agree to Strengthen Forestry Ties
The Memorandum of Cooperation is aimed at reinforcing New Zealand’s commitment to enhancing collaboration with India in the forestry sector.
EU Warns of High Risk of Plywood Sanctions Evasion
On Friday, the European Commission issued an alert warning of a high risk of sanctions circumvention in plywood imports.
EU Proposes Tariffs, Including on Wood Products, in Response to US Tariffs
The European Commission announced that it was imposing tariffs on US imports into the EU in response to new US tariffs on EU steel and aluminum.
Rayonier to Sell Its New Zealand Joint Venture Interest to The Rohatyn Group for $710 Million
Rayonier will sell the entities that hold its entire 77% interest in the New Zealand joint venture to an investment fund managed by The Rohatyn Group for $710 million.