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Latest timber industry news, updated Thursdays.

OneFortyOne to acquire Nelson Forests

Australian forestry company, OneFortyOne Plantations (OFO) has confirmed that it has signed an agreement to acquire one of New Zealand’s leading forestry businesses, Nelson Forests. Source: Timberbiz Commenting on the proposed acquisition, OneFortyOne Plantation’s Chief Executive Offi
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Mitsui buys Kangaroo Island woodchips

Kangaroo Island Plantation Timbers (KIPT) has signed a woodchip sale and purchase agreement with international commodities trader Mitsui. Source: Timberbiz This five-year agreement establishes key terms under which the bluegum timber resource on Kangaroo Island will be monetised. An a
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Pulp and Paper Manufacturing Safety Compliance Project

Skills Impact has advised of a project that will review units of competency from the PPM Pulp and Paper Manufacturing Training Package with regard to occupational health and safety, so they reflect current industry skills standards and practices and all job functions are accurately de
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Global Forest and Paper Industry reports on Sustainability Progress

The International Council of Forest and Paper Associations’ (ICFPA) has launched its 2017 sustainablity Progress Report. It is the sixth biennial Report highlighting ICFPA members’ progress on the sustainability commitments agreed upon in the 2006 CEO Leadership Statement on Sustainab
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Robots could soon take over dangerous forestry jobs

Some of the most dangerous and labour intensive jobs in the primary sector could soon be done by robots.  Source: RNZ Researchers from Lincoln Agritech, Scion, and several universities around the country are working to develop robots that can be trained to work alongside people in the
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Record low rates to continue into 2018

Australia will kick off 2018 with ultra-low interest rates following this week’s decision from the RBA. Source: Timberbiz “The RBA’s official cash rate has been held at 1.50 per cent since August 2016. We are close to marking the longest ever period without a change in interest
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Kangaroo Island Plantation issues 10 milllion shares

Kangaroo Island Plantation Timbers (KIPT) has completed a successful $20 million placement with institutional investors, issuing 10 million shares at $2. Source: Timberbiz The funds raised will be used for working capital; increased contingency; the cost of building the initial timber
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Let’s talk about the management of our forests

Victorians are being encouraged to have their say on the sustainable management of our forests as part of the five-yearly review of the Victorian Regional Forest Agreements (RFAs).  Source: Timberbiz The Australian and Victorian governments have released the Report on Progress with Im
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Forest owners say below minimum wage rates ‘unacceptable’

New Zealand’s Forest Owners Association has taken a strong stand on pay rate breaches by forest planting contractors. Source: Timberbiz FOA President Peter Clark said a recent MBIE audit of pay rates and conditions in three forest regions has revealed what appeared to be widespr
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