In response to the massive flooding caused by Cyclone Gabrielle, Pan Pac Forest Products announced on its website that, following assessment of the storm damage, its Whirinaki facility site will be closed until further notice. The cyclone ravaged New Zealand starting on February 12th.
News in international markets
Canada Fails to Respond to Japan’s Request That It Rejoin the International Tropical Timber Organization
According to reporting by The Canadian Press, an access-to-information request shows that in July 2022, Japan asked the Canadian federal government to rejoin the International Tropical Timber Organization. To date, the current government has failed to respond to the months-old invitation from Japan.
Some of New Zealand’s Forestry Sector Will Not Recover From Damage Caused by Cyclone Gabrielle
On February 12th, Cyclone Gabrielle cut a large path of destruction through New Zealand’s Tairāwhiti, Hawkes Bay, Coromandel, and Northland regions. The region is home to almost 30% of the country’s forestry plantations, according to local reporting by “Stuff Limited.”
Lumin to Invest $136 Million to Build Its Third Industrial Plant in Uruguay
Lumin, a leading timberland and forest products company, announced on Friday that it will be investing approximately $136 million (USD) to build its third industrial plant in Uruguay. The investment is expected to create more than 300 jobs and appreciably increase the country’s sustainable plywood production.
US Wood Pellet Exports Increased Month-Over-Month and Year-Over-Year in December
According to data released on Tuesday by United States Department of Agriculture’s Foreign Agricultural Service, the US exported 917,175.4 metric tons of wood pellets in December. This is above November’s shipment of 694,199.7 metric tons, as well as the 798,883.6 metric tons exported in December 2021.
Finland’s Keitele Group Sees Temporary Slowing in Demand for Lumber and Wood Products
Finland’s Keitele Group is reporting that the “temporary slowing” in the demand for lumber and wood products—which started in June of 2022—continues with no immediate relief in sight. Keitele cites the war in Ukraine, rising interest rates, expensive energy, and the overall global economic situation.
Chile’s Forest Fire Season Second Worst in Recent History
With hot and dry weather conditions expected to continue through the week, Chilean firefighters are battling out-of-control forest fires. The current forest fires already have the distinction of being the deadliest in the country’s recent history and have the potential of becoming even more deadly, according to a report by Reuters.
Pfeifer Holding GmbH Completes Acquisition of Finland’s Pölkky Oy
The Austrian Pfeifer Holding GmbH announced on Tuesday that it has successfully completed the acquisition of the largest private wood process company in northern Finland, Pölkky Oy. The contract had been waiting on the competition authority’s approval, and that has just been secured.
Brazilian Exports of Wood-Based Products Declined in December
According to the International Tropical Timber Organization, in December, Brazilian exports of wood-based products (except pulp and paper) declined 34.0% in value compared to a year ago, falling from US$423.2 million in December 2021 to US$278.8 million in December 2022.
Holmen Announces Investment in Its Bygdsiljum, Sweden, Sawmill to Increase CLT Production
Sweden’s Holmen announced on Tuesday (1-31-23) that it was planning an extension and investment at its Bygdsiljum Sawmill, which will help remove bottlenecks at the facility and increase CLT production.