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 Industry Roundup |
Deforestation/Reforestation
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Progress in combating deforestation 'unacceptably slow', says Investor Policy Dialogue on Deforestation; first progress report of IPDD, whose members manage US$10T in assets, notes agriculture, forestry, land use account for 22% of global GHG emissions
Reuters (12/07)
Sierra Pacific Industries to build US$10M tree nursery in California's Siskiyou County that will grow 25 million seedlings/year to help with wildfire recovery; Cal Fire awards US$3M grant, which will enable construction to start soon
Record Searchlight (12/07)
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Forestry
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Interpol and World Customs Organization join forces in month-long global crackdown on illegal wildlife and timber trade; Operation Thunder 2022 has so far seen almost 2,200 seizures and the identification of 934 suspects
M2 PressWIRE (12/07)
New FPAC Conservation Forestry report identifies link between sustainable forest management in Canada and progress being made on biodiversity goals, Indigenous-led management, net-zero carbon targets
Forest Products Association of Canada (FPAC) (12/07)
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Timberland/Forestland
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New Forests launches new Australia New Zealand Landscapes and Forestry Fund for institutional investors, aiming to raise AU$600M over two to three years; fund builds on experience of previous strategies that collectively manage AU$4.67B
New Forests Pty Ltd. (12/07)
Six new land conservation projects by National Fish and Wildlife Foundation will permanently protect more than 200,000 acres of vital US wildlife habitat; US$3.1M in Walmart Acres for America grants will leverage US$133.4M in matching funds
Globe Newswire (12/07)
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Forestry/Timberland
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Women Executive Leadership honors Rayonier with Elevate Award for advancing gender diversity in the boardroom; Rayonier added its first female director to the board in 1994 and currently three of its 10 directors are female
Business Wire (12/07)
Changes planned by Ontario government as part of its housing plan could further put at risk wetlands in southern Ontario, half of which have never been considered for provincial protection: auditor general
Canadian Press DataFile (12/07)
US Forest Service in Alaska commits US$20.5M in Wood Innovations Grant funding; it will support entities using byproducts from ecosystem restoration projects, and the establishment of temporary bridge rental programs to minimize stream bed disturbance
Targeted News Service (12/07)
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Agri
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Fruit Farming
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Forty-eight percent of apples sold in UK supermarkets imported between start of October and mid-November, despite it being the height of what was a bumper British apple season, according to data from research organization Market Intelligence Services
Grocer (12/07)
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Animal Farming/ Meat Production
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Rabobank sees global animal protein production growing modestly, prices remaining high in 2023; while market will see growing supply of aquaculture and poultry, this masks weakening pork market in Europe, reductions in beef supply due to contraction in US
National Hog Farmer (12/07)
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Fertilizers & Plant Nutrients
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WTO calls on countries to step back from trade restrictions, which have increased in the current economic climate, especially in food, feed and fertilizer
just-food.com (12/07)
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Regenerative Agriculture
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ADM to engage 1 million acres in regenerative agriculture within the next year, company executives say at the virtual BMO Capital Markets and Growth ESG Conference
Food Business News (12/07)
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Land
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Land
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Farmland Partners purchases a 3,843-acre farm in Texas for US$12.1M, marking company's first farmland transaction in the state since selling property there in 2020
Business Wire (12/07)
Proportion of organic land in Austria should increase to 30% by 2027, according to federal government
APA EconomicNews Service (12/07)
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Wood Products
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Plywood
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Roseburg’s marine core, exterior core and siding softwood plywood options all now tout a two-piece or composed core, improving performance; company's Douglas-fir and DuraTemp real wood siding products are now available with an optional PPG primer
Roseburg Forest Products (12/07)
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Engineered Wood Products (EWP)
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Construction of New Zealand’s largest mass timber office building set to begin January 2023 in Tauranga; building is targeting the highest 6 Green Star--Design and As-Built NZv1.0–Design Review Rating, demonstrating world leadership in sustainability
Tauranga City Council (12/07)
US Law Library of Congress presents report on construction use of mass timber in 10 countries: Australia, Austria, Canada, Italy, Japan, New Zealand, Norway, Sweden, Switzerland, UK
US Official News (12/07)
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Lumber
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Canfor's Houston sawmill to shut for three weeks beginning Dec. 19 as part of temporary mill curtailments across British Columbia and Alberta to address decline in demand for solid wood products
Houston Today (12/07)
Canfor to shut down Plateau mill for four weeks as part of company-wide curtailment of its solid wood operations in British Columbia and Alberta beginning Dec. 19; CEO has cited a significant decrease in demand for solid wood products
Vanderhoof Omineca Express (12/07)
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Pulp/Fiber
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Paper Pulp
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Capacity snapshot: Sappi eyes paper capacity conversion projects--beyond Somerset PM2 conversion to produce SBS board--as it looks to grow in packaging; Sappi to boost labels at Gratkorn mill, ramp up production of packaging, specialty grades at Cloquet
Industry Intelligence Inc. (12/07)
Paper Excellence-owned Meadow Lake Mechanical Pulp donates C$5,000 to North West College in Saskatchewan to help update welding lab on campus; MLMP focuses on supporting local programs that provide education, training for potential future employees
Paper Excellence BV (12/07)
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Paper Recycling/Recovered Paper
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Waste Connections acquires construction, demolition recycler Trojan Recycling as part of its Massachusetts expansion; Trojan operates out of Brockton, a city south of Boston, and can handle up to 500 tons/day, including wood, metals, paperboard, concrete
Waste Dive (12/07)
Stora Enso and Huhtamaki's Cup Collective program partners with McDonald's, SSP, C2 Centre, National Railway Company of Belgium to increase paper cup recycling volumes in Europe; initiative aims to recycle 500 million paper cups in first two years
Globe Newswire Europe (12/07)
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Containerboard
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Schumacher Packaging taps Valmet to supply Valmet DNA Automation System, IQ Quality Control System for BM 2 rebuild at Myszkow containerboard plant in Poland, with install starting in May; investment aims to improve production efficiency, product quality
Nordic Regulated Equity Markets (Web Disclosure) via PUBT (12/07)
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Paperboard
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Independent Carton Group recognizes Clearwater Paper for its 20-year partnership as supplier of SBS board to association members; nearly 60 ICG members, designated supplier partners tour Clearwater Paper's pulp, paperboard plant in Cypress Bend, Arkansas
Independent Carton Group (12/07)
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Real Estate
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Home Ownership
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RBC finds renting in Canada rose by three times the rate of home ownership in last decade; demand expected to put tremendous pressure on Canada's rental housing stock, require concerted efforts from policymakers, developers, builders to meet those needs
Canadian Press DataFile (12/07)
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Mortgages/Home Financing
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Fortune: Growing chorus of research firms expect US home prices to fall in 2023, and seven forecast 20% fall if mortgage rates remain elevated; however, such a crash shouldn't cause 2008-style crisis and would take us back to February 2021 price levels
Fortune (12/07)
US mortgage applications decreased 1.9% in week ended Dec. 2 from one week earlier; Refinance Index increased 5.0%, Purchase Index decreased 3.0%: Mortgage Bankers Assn
Mortgage Bankers Association (12/07)
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Green Building/Development
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Tetra Pak inaugurates new offices in Panama for the Central America and Caribbean region; Tetra Pak is said to be first company in Panama to be Fitwell certified and one of the few to be LEEDV4 certified
CE Noticias Financieras (Latin America) (12/07)
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Real Estate
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Fannie Mae Home Purchase Sentiment Index increased 0.6 points to 57.3 in November, the first increase in nine months; those saying it is a bad time to buy decreased to 79% from 80% in October, share saying it is a good time to sell rose to 54% from 51%
Federal National Mortgage Association (Fannie Mae) (12/07)
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Logistics
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Rail Cargo/Shipping
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Regional Rail agrees to acquire Agracel Rail's three railroads in the Midwest region, which serve sectors such as chemicals, plastics, aggregates and lumber; move brings number of railroads under railway's control to 13 operations across North America
UKI Equity Markets (Web Disclosure) via PUBT (12/07)
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Trucking/Van Delivery
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Quantix announces acquisition of Mid-States Packaging to build upon its warehousing, trucking operations; Mid-States offers dry bulk transportation, warehousing and export services through 11 locations across Texas, the Northeast and the Mid-Atlantic
PR Newswire (12/07)
Iowa announces US$6M grant program to reimburse businesses for cost of training new commercial truck drivers; organizations that provide entry-level driver training either in-house or through a third party can apply online starting Dec. 13 through Feb. 3
The Daily Nonpareil (12/07)
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Ocean Cargo/Shipping
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Euromonitor expects global supply chain pressures to ease in 2023, citing improved production capacity, restored inventory, weaker demand growth, increased transportation capacity; 2.1 million TEUs expected to be added to global shipping capacity in 2023
Euromonitor International Ltd. (12/07)
Dry cargo association INTERCARGO raises concerns that the IMO’s new Carbon Intensity Index will not deliver 'equitable, transparent and non-distorting emissions’ changes; group argues that factors outside vessel’s control can impact its CII ratings
The Maritime-Executive (12/07)
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Marine Ports
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CMA CGM to acquire Global Container Terminals' Bayonne and New York terminals in the Port of New York and New Jersey under undisclosed financial terms, pending regulatory clearance; move to expand carrier's US portfolio to seven terminals
SeeNews Deals (12/07)
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Logistics, Shipping & Delivery
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Washington DC sues Amazon for allegedly misleading consumers into thinking that tips they gave to Amazon Flex drivers would increase their compensation, while company was actually diverting tips to reduce its own labor costs, increase profits
Reuters (12/07)
DB Schenker to invest around €17.5M to build nearly 4,000-sq-meter freight terminal at Oslo Airport Gardermoen in Norway; move to enable more profitable routes for airlines and create a Nordic hub to strengthen import and export opportunities
M-Brain Nordic News (12/07)
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Stock
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Latest: Dec, 07 2022
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Latest Value |
Prev |
Chg |
YOY Chg |
| Watchlist |
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PotlatchDeltic (PCH)
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46.76
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45.28
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3.26%
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-21.05%
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Rayonier (RYN)
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34.57
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34.14
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1.26%
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-11.72%
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Weyerhaeuser (WY)
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31.73
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31.02
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2.27%
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-19.38%
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Forestry & Timberland
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