Australasia's home for timber news and information

Pulp paper bottle production a step closer with new collaboration

23 July 2021
Solenis, a global producer of specialty chemicals, is joining forces with Pulpex Limited and its global consortium partners to collaborate on the ongoing evolution of the Pulpex eco-friendly paper bottle. Source: Timberbiz Pulpex is a new sustainable packaging technology company estab
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Sumitomo Forestry joins with IHI to form forest consulting business

23 July 2021
Sumitomo Forestry and IHI Corporation announced that they have agreed on a business alliance for a “Forest Management Consulting Business” and for “the development of a sustainable business that maximizes the value of natural capital”. Source: Timberbiz The two companies have started
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US lumber prices crash

23 July 2021
US lumber prices have crashed in a short time span, taking only eight weeks to tumble 70% from record highs as the party ends for forestry companies. Source: the globe and mail The price sawmills charged wholesalers – known as the cash price – was US$485 for 1,000 board feet this week
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FSC statement on Earthsight Russian logging issues

21 July 2021
In Monday’s issue of Daily Timber News, we reported on claims by Earthsight that Russian forests were illegally logged and that confidence in FSC certification was “wildly misplaced”. FSC has made a statement to address the issues that were brought up. Source: Timbebiz FSC has stated
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Sustainability roadmap for ASEAN furniture industry

21 July 2021
PEFC is embarking on a four-year journey with the ASEAN Furniture Industry Council (AFIC) to improve sustainability outcomes throughout the furniture supply chain in the ASEAN region. Source: Timberbiz As consumers worldwide demand sustainable products across a variety of fields, ever
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European Commission acknowledges impact of wood industry on climate strategy

21 July 2021
The European woodworking industries have been advocating for a long time for an increased recognition of the role of wood-based products to decarbonize key sectors of the economy, such as construction and renovation. Source: Timberbiz The carbon absorbed from the atmosphere is stored
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New Forests purchases 63,000ha in US

21 July 2021
New Forests has acquired the 156,000-acre (63,000 ha) Hilt-Siskiyou Forest, a mixed-conifer forest along the California and Oregon border, from the Fruit Growers Supply Company (“FGS”) alongside an institutional investor client. Source: Timberbiz The Hilt-Siskiyou Forest is the latest
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Ikea accused of using illegally logged Russian wood

19 July 2021
Ikea has for years sold children’s furniture made from wood linked to vast illegal logging in protected Russian forests, environmental activists claim. The retail giant is accused of sourcing pine from a group of companies that over the past decade axed 4 million trees in Siberia, sai
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US imports of sawn tropical hardwood rise

19 July 2021
In North America sawn tropical hardwood imports rose by 5% by volume in May. The 9,931 cubic metres imported in May was the highest monthly volume so far this year. The rise was fuelled by a 22% increase in imports from Ecuador, a 29% increase in imports from Malaysia, and a 258% incr
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Increased demand for softwood in Asia and US to affect global trends

19 July 2021
Softwood lumber has been in high demand in the US and Europe throughout 2021. The limited supply resulted in temporary price surges to record high levels during the spring, followed by substantial declines in early summer. The outlook for lumber demand is likely to be strong worldwide
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