Australasia's home for timber news and information

KIPT shares drop 53% following trading suspension

01 April 2020
Shares in Kangaroo Island Plantation Timbers dropped by 53% on Tuesday after its voluntary suspension of trading was lifted. Source: Timberbiz KIPT suspended trade in January while the company assessed the damage from the bushfires which burnt in excess of 90 per cent of its assets va
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Komatsu Forest, Logset, Ponsse suspend operations

01 April 2020
Due to the closure of suppliers of critical components, Komatsu Forest will temporarily shut down its production of forest machinery at its factory in Umeå. On 26 March, the company agreed with IF Metall on short-term work from 13 April through 21 June for employees in production. Sou
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RFA extension welcomed but not definitive

01 April 2020
The peak associations representing Victoria’s sustainable native timber industries have cautiously welcomed today’s announcement of the Regional Forest Agreements extension, but still believe considerable uncertainty surrounds the Andrews Government’s plan to close down the industry b
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Branding starts for OFO in NZ as it transitions from Nelson Forests

30 March 2020
The New Zealand side of the OneFortyOne (OFO) business is arguably experiencing a bigger change than other areas as it transitions from the well-known regional brand of Nelson Forests to OneFortyOne New Zealand as part of the company-wide rebranding project. Source: Timberbiz Environm
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NSW and SA State Forests closed

30 March 2020
Camping and picnic areas in NSW State forests have been temporarily closed from midday Friday 27 March 2020 until further notice as part of the public health precaution. Forestry Corporation’s Tourism and Partnerships Manager, Louise Faulkner said this move followed the Government dir
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Tiwi Islanders’ woodchip contracts on hold

30 March 2020
Forestry workers on the Tiwi Islands in the Northern Territory have had their contract work put on hold because of the coronavirus epidemic, which has slowed down demand for woodchips in China. Source: ABC Plantation Management Partners (PMP), which manage around 30,000 hectares of ac
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Forest products must continue to ensure essential products

30 March 2020
Australian forest products industries must continue to operate to ensure Australians continue to receive essential products and services including sanitary products, food packaging, and freight packaging used by all supermarkets and hospitals, the Australian Forest Products Associatio
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Wilderness Society paper claims totally unfounded says VicForests

30 March 2020
Claims have been made by the Wilderness Society that paper Australians are printing on is produced from illegally sourced wood taken from Victoria’s state forests. In particular, the Wilderness Society has claimed that Nippon-owned Australian Paper has illegally processed more than ha
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Defence Forces Operation Bushfire Assist completed

27 March 2020
Australia’s Defence Forces formally ceased Operation Bushfire Assist 2019-2020 yesterday having completed the emergency and recovery tasks requested by state and local authorities. Source: Timberbiz Defence has been assisting with the bushfire efforts since early September 2019 by pro
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OFO community grants nominations extension date

27 March 2020
Community groups, not-for-profits and schools have been urged to nominate for $50,000 in grants from OneFortyOne (OFO). OneFortyOne in partnership with The Stand Like Stone Foundation has distributed $180,000 to 18 local community projects since 2014. Source: Timberbiz Over six years
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