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News Highlights, w/end 4 August
full reports available to Members only:
Canada: Limits on BC log exports challenged
A lawsuit has been filed against restrictions on whole log exports from private forests in Canada's largest timber-producing province, setting the stage for a new battle between the industry, its unions and environmentalists.
USA: Pine and hardwood sawn timber prices rise in southern states
The price of pine and hardwood sawn timber rose in the second quarter of 2001 alongside most other major wood products in the southern US states, say new figures.
Sweden: Falling Q2 redwood and whitewood prices illustrate uncertain European market, says AssiDoman
Falling prices for both redwood and whitewood illustrated the uncertain nature of the European sawn timber market during the second quarter of 2001.
New Zealand: FCL Forests says mulling CNI J/V sale options
New Zealand forestry company Fletcher Challenge Forests Ltd said on Tuesday it had been approached by several parties regarding the sale of the Central North Island forest partnership (CNI).
Australia: PaperlinX sells timber assets for A$152m
Australian paper maker PaperlinX Ltd said on Tuesday it would sell its Australian Paper Plantations for A$152 million (US$76 million), in line with its book value.
Canada: Rising lumber prices as Alliance beats expectations
The timber harvesting and lumber products company, Alliance Forest Products, beat expectations with net sales of C$298.9 million during the second quarter 2001, in part due to higher prices for its lumber products.
USA: US June key lumber imports from Canada fell 11.4 per cent
Canada's June shipments to the United States of a key variety of softwood lumber were down an unadjusted 11.4 percent from May, the Commerce Department said on Thursday.
Switzerland: New US$775 million softwood pulp mill for Germany
A new softwood pulp mill costing US$775.9 million is to be built in Germany by Mercer International, the European forest products company, after it accepted financing arrangements from a German bank.
UK: Joinery manufacturers face declining profitability and increasing debts
UK joinery manufacturers face declining profitability and increasing debts despite enjoying acceptable levels of sales growth, according to a new industry report.
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