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Latest timber industry news, updated Thursdays.

Deere decline in construction and forestry

Deere’s Construction and Forestry segment reported revenue of US$1.10 billion in fiscal 1Q17, a decline of 6% compared with US$1.17 billion in fiscal 1Q16. Source: Market Realist The segment’s revenue fell mainly due to lower shipment volumes. The Construction and Forestry segment rep
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First vertical gardens, now vertical forests

Stefano Boeri, started with his Vertical Forest in Milan and more recently with his proposal for the Nanjing Vertical Forest. Source: Treehugger In fact, the Italian architect now has an office in Shanghai and is planning entire cities covered in forests. Forest City Shijiazhuang will
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Global engineered wood market growth the reach $41bn

The global engineered wood market is estimated to reach $41.2bn by 2022, growing at a CAGR of 24.8% from 2016 – 2022. Source: Forestry Expo North America and Europe account for nearly 70% of global engineered wood production and will continue to maintain high CAGRs, according to
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CLT for big and small developments

Hume Partners Property, the developer behind Melbourne’s tallest timber commercial tower, is also building its smallest – a single-storey childcare centre. Source: Australian Financial Review The company backed by BRW Rich-Lister Peter Scanlon has partnered with childcare indust
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Big demand for NZ roundwood logs

NZ roundwood log prices jump to a record on demand from construction, horticulture industries. Source: Scoop NZ Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record. The average price for
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Council may spend millions to buy a forest

Community environmental volunteer group, Friends of Tawa Bush Reserves in New Zealand, is campaigning for Wellington City Council to make a bid to secure the 36 hectare. Source: Stuff NZ A million-dollar forest on the hills above Tawa is for sale, and locals are hoping Wellington rate
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Hyne welcomes Taiwanese importers

Hyne Timber welcomed Taiwanese visitors to the Tuan Mill near Maryborough for a tour of their manufacturing plant. Source: Timberbiz For more than 18 years, Hyne Timber has been exporting large volumes of processed, plantation softwood from both Maryborough (QLD) and Tumbarumba (NSW)
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NZ Labour Party pledges $20M for timber processing

The New Zealand Labour Party is pledging up to NZ$20 million, if elected, to support the region’s timber processing sector, possibly by helping fund a prefabricated housing plant. Source: NBR Such an initiative would dovetail with Labour’s KiwiBuild policy to fund construc
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Where is Daniel Andrews? Not at Heyfield

A worker from Heyfield’s timber mill has received more than 800 responses to a letter he wrote for the Victorian Premier at the weekend, but says he is yet to hear from Daniel Andrews. Anthony Wilkes, a supervisor at Australian Sustainable Hardwoods green mill, raised more than $25,00
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