CJ Sheeran Ltd has announced that they have acquired Coolrain Sawmill Ltd. The facilities are less than 10km apart from each other in County Laois, with one located in Mountrath and the other in Coolrain.
News in international markets
Craigpine Timber Ltd. Sold to Niagara Sawmilling Company Ltd.
Craigpine Timber Ltd., a 98-year old, major Southland New Zealand sawmilling company, owned by the Black family, has agreed to sell their business to Niagara Sawmilling Company Ltd., another local timber processing company.
China’s Ban on Australian Forest Products Could Actually Boost Green Triangle Processing Industry
According to one Australian forestry sector representative, China’s indefinite suspension of timber exported out Australia’s Victoria region could actually help boost Green Triangle’s processing industry. Industry sources estimate the Green Triangle timber export industry underpins around 1,000 jobs in the south-east of South Australia (SA) and western Victoria.
Kenya Faces Shortage of Timber Just as the Country’s Needs Increase
Kenya’s demand for wood and wood products is increasing faster than their outdated sawmills and lack of forestlands can produce. A logging ban, imposed in 2018 by the Kenyan government, which applies only to government owned land, which is mainly mahogany, cypress and eucalyptus, which was meant to help regenerate its forests has made the situation even more dire, albeit needed.
Trade Hostilities Between Australia and China Intensify
China officially announced a ban of logs shipped from Victoria.
China Suspends the Importation of Timber from Australia
Ties between China and Australia began to fray in early April and the friction between the two countries continues to heat up. On Monday (11/2), China’s foreign ministry confirmed that China had suspended imports of timber from the Australian state of Queensland, noting that since January, Chinese customs has detected several cases of live pest in timbers imported from the region.
Forest Products Association of Canada Offer Ideas on How Forestry Can Help Canada’s Economic Recovery
On Tuesday (11/3) the Forest Products association of Canada (FPAC) appeared before the House of Commons Standing Committee on Natural Resources to speak with Members of Parliament about how the forest sector workers and communities can work with the government to advance Canada’s economic recovery and help grow a lower carbon economy for the future.
Year-Over-Year Brazilian Exports of Wood-Based Products Increase 20.8% in September
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) amounted to US$286 million in September 2020, an increase of 20.8% compared with September 2019 (when the value was US$236.6 million).
Australia’s Timber Industry Dealing with Short- and Long-Term Impacts of Recent Bushfires
A public hearing in Australia of the House Standing Committee on Agriculture and Water Resources was held on October 23rd with the purpose of looking into the short- and long-term impacts of the bushfires on Australia’s timber industry.
Holmen Investing in New Tunnel Drier for their Iggesund Sawmill
Holmen AB, the Stockholm Sweden based company, is investing SEK 70 million ($ 8 million) in a new drying plant which will increase its drying capacity at their Iggesund Sawmill from 400,000 to 500,000 m3.