Timber and forest product maker Weyerhaeuser Co has reported a wider fourth-quarter net loss, hit by goodwill and asset impairment charges. On an adjusted basis, the company posted a loss, compared with a profit last year, reflecting the impact of adverse market conditions.
THE FEDERAL Government’s $42 billion economic stimulus package has been seen as a lifeline for the future for many in the forest and timber and associated industries. First announcements of the rescue package brought hope. Then hopes were dashed when the Opposition tried to block the
OUTSPOKEN federal Liberal MP Wilson Tuckey has blamed the major parties for Victoria's bushfire tragedy, saying it's been caused by politicians pandering to green votes.
Mount Gambier mayor and Liberal candidate for Mount Gambier, Steve Perryman, has called on Labor Government Forestry Minister Rory McEwen to provide assurance the proposed upfront sale of three rotations of ForestrySA plantations is in the best interests of the region.
The forest industry’s economic situation and market conditions have been radically affected in recent months. Despite this, interest in the world’s biggest forestry fair, Elmia Wood 3–6 June, is still high.
CLICK HERE to subscribe to Daily Timber News, the FREE e-new delivered to your inbox 3 times/week with current national and international timber industry news.