In a joint announcement on Monday (10-18-21), The Westervelt Company and Caisse de dépôt et placement du Québec (CDPQ), a global investment group, announced the acquisition of more than 76,000 acres (307 km2) of high-quality pine timberland and the creation of a new strategic partnership that will focus on sustainable timberland management.
News in timber
18 Large Wildfires Continue to Burn Across the U.S. with Only 2 as Listed as Contained
As the wildfire season slowly comes to an end, The National Interagency Fire Center reported today (10-19-21) that there are 5,600 wildfire fighters deployed nationally trying to contain 18 large wildfires that are burning on over 2,253,764 acres. No new large fires were being reported as of today.
Roseburg Completes Purchase of 30,000 Acres of Timberland in Southern US
Roseburg announced on Wednesday (10-13-21) that it has completed the purchase of approximately 30,000 acres of timberland in the southern U.S. from Forest Investment Associates (FIA). The properties are located in the northeast region of North Carolina and the southeast region of Virginia and consist of well-managed loblolly pine plantations.
Weyerhaeuser Provides Behind-the-Scenes Look at Oregon Tree Farms’ Recovery from 2020 Wildfire Season
Weyerhaeuser has provided a fascinating behind-the-scenes look at how all four of their Oregon tree farms’ operations were able to deal with and recover from the wildfire season of 2020. All four farms suffered significant damage after nearby wildfires on state and federal timberlands encroached on the company’s property in September 2020.
3 Years After Hurricane Michael Devastated the Florida Panhandle, Logging Industry Recovery is Still Ongoing
Sunday, October 10, 2021 marked the three-year anniversary of Hurricane Michael’s devastation of the Florida panhandle’s logging industry. The Florida Forest Service (FFS) estimates that Hurricane Michael damaged approximately 10-15 years worth of timber supply.
Impact of Timber Lost to B.C.’s 2021 Summer Wildfire Season Could be Both Extreme and Long Lasting
Although the extent of the damage has yet to be fully assessed, estimates place the number of hectares burned at 900,000 hectares or 9,000 square kilometers. Depending on the severity of the burn, trees in fire zones may still be harvestable, but there is often a timeframe before harvest loses viability.
Canada’s Sustainably Managed Forests Key to its Net-Zero Carbon Economy by 2050
According to the Forest Products Association of Canada, as Canada transitions to a net-zero carbon economy by 2050, Canada’s sustainably managed forests and the carbon-storing wood products they produce are providing key support to accomplishing that goal. Canada’s forest sector has already reduced its greenhouse gas (GHG) emissions by close to 70 percent since the early 1990’s.
Sierra Pacific Industries Completes Acquisition of Seneca
Sierra Pacific Industries (SPI), the Anderson California-based forest products company, announced last week that it has completed its acquisition of Seneca, a Eugene Oregon-based company that, prior to the acquisition, had about 400 employees and owned about 167,000 acres of timberlands.
SDS Lumber and Timber Co. Reveals the Names of the Company’s Buyers
SDS Lumber and Timber Co. has been a forest products industry fixture since the 1940’s. The Bingen, Washington-based company manages nearly 100,000 acres of Pacific Northwest forest reserves on top of it mill operations. Late last week, a consortium of three separate entities were announced as the new owners.
New Brunswick Woodlot Owners Question Province’s Timber Royalty Collection Methods During 13-Month Lumber Market Price Surge
Taking full advantage of the higher lumber prices being charged by sawmills and the increased profitability those prices were generating during the recent 13-month lumber price surge, Alberta raised the price of logs coming off the Crown’s land several times and collected additional timber royalties.