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Friday Analysis: Knowns & Unknowns

14 February 2020
To paraphrase former US Secretary of Defence Donald Rumsfeld, the timber industry in Australia and New Zealand currently have some known knowns, and some unknown unknowns. To put it another way, the timber industry hopes it has a future, it just isn’t certain of what that future looks
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Brazil wood-based exports decline

12 February 2020
In November 2019, the Brazilian exports of wood-based products (except pulp and paper) declined almost 19% in value compared with November 2018, from $301 million to US$244.9 million, ITTO reported. Sources: Timberbiz, Lesprom The value of pine sawnwood exports in November fell 3% yea
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Rayco RG165T-R Stump Cutter

12 February 2020
Morbank has released its new Rayco RG165T-R Stump Cutter for customers who need to remove large stumps in a short time. The 165-hp (123-kW) Ford V8 gasoline engine provides plenty of horsepower and torque allows maximum use of the cutter wheel to get jobs done quickly while meeting em
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Sumitomo Forestry project again inline for international award

12 February 2020
Sumitomo Forestry announced that its technology research development project W350 Plan was chosen to be a finalist in the Best Future Project category of the MIPIM Awards 2020. The MIPIM Awards 2020 presents awards to the world’s outstanding real estate developments, and this is the s
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Hyne says bushfire recovery will take years

12 February 2020
While the full extent of fire impact in South Eastern New South Wales and the salvageability time frames remain unknown, what was known was that full recovery will take many years, according to Hyne Timber CEO Jon Kleinschmidt. Source: Timberbiz “Until plantations are re-established i
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Norske Skog to sell Tas forest assets to New Forests

12 February 2020
Norske Skog has entered into an agreement to sell its Tasmanian forest assets to a fund controlled by the Australian based investment manager New Forests Pty Ltd. The purchase price for the assets is $62.5 million. The transaction will result in a gain to be recognized in the first qu
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Consultation needed for national skills standards for forestry

12 February 2020
AFCA has reminded forestry workers to not miss out on the chance to have a say on changes to national skills standards for forestry jobs as these views are critical to ensuring skills standards meet industry needs. Source: Timberbiz Skills standards are developed with industry help an
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Qld forestry region to benefit from $600k funding

12 February 2020
Two businesses in Queensland’s largest timber forestry region will share in more than $600,000 of State Government funding to investigate projects that will transform waste streams into products and create new jobs for the state. Source: Timberbiz Laminex Australia at Toolara will rec
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KIPT’s claim for losses in progress

12 February 2020
  KIPT reported to investors that its insurer, Primacy Underwriting Management Pty Ltd, had accepted its claim for losses and provided the timber company with a $10 million “progress payment”. Source: Timberbiz “The balance of the claim is being progressed by the insurer, and fur
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Bob Brown takes credit for logging shutdown – not true says Sustainable Tasmania

12 February 2020
Sustainable Timber Tasmania has rejected claims by the Bob Brown Foundation that protests have shut down logging operations in the logging coupe north of the Pieman River in the South-East Tarkine. The protest is the second in the Tarkine in recent weeks, with a separate action focuss
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