Tree Frog Forestry News

Daily Archives: October 28, 2014

Business & Politics

Norbord profit drops to $5M in third quarter amid low prices for OSB wood panels

Canadian Press
October 28, 2014
Category: Business & Politics
Region: Canada

TORONTO – Norbord Inc. (TSX:NBD) says lower prices for orient-strand board wood panels amid soft demand from the U.S. house-construction sector depressed its third-quarter net sales and drove down its profit. The Toronto-based company, which reports in U.S. currency, had only $5 million of net income, or nine cents per share, in its third quarter — including a $5-million non-recurring income tax recovery. That’s a dramatic fall from the year-earlier quarter when Norbord’s net income was $27 million or 50 cents per share, including a $9 million non-recurring income tax recovery.

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West Fraser Timber sees Q3 profit improve to $70M; revenue tops $1B

The Canadian Press
October 27, 2014
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER – West Fraser Timber Co. Ltd.has reported third-quarter net earnings of $70 million or 83 cents a share, up substantially from $55 million or 64 cents in the same 2013 quarter. The integrated company whose products include lumber, plywood, pulp and newsprint among others, said after markets closed Monday that revenues advanced to $1.03 billion from $878 million in the quarter. Lumber operations generated operating earnings of $101 million, up from $81 in the second quarter, largely as a result of reduced costs and manufacturing productivity improvements related to capital investments, it said.

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Fraser Cedar Products mill workers facing layoffs after 2nd major fire

Owner estimtates 60 to 65 employees will be laid off after fire destroys 50 per cent of main building
CBC News
October 26, 2014
Category: Business & Politics
Region: Canada, Canada West

A fire at the Fraser Cedar Products mill in Maple Ridge Saturday night destroyed about 50 per cent of the main building and will likely result in the layoff of 60 to 65 workers according to the mill’s owner. Maple Ridge firefighters had to call in water tankers and request assistance from firefighters in Mission before the blaze could be brought under control. On Sunday morning, firefighters were still on scene hosing down hot spots.

Maple Ridge shake mill fire puts 65 jobs in peril from Maple Ridge Times
Sixty-five mill Maple Ridge workers face layoffs due to fire from the Vancouver Sun

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Another rail mess for the province

Kelowna Daily Courier
October 27, 2014
Category: Business & Politics
Region: Canada, Canada West

…The same day CP Rail announced it made $400 million in net income in just the third quarter, the government started debate on a bill that will give the corporation even more money. It arises from a settlement about the disputed ownership of timber and stone rights on 213,000 hectares of land in the Okanagan and Kootenays. CP filed a lawsuit last year seeking to confirm its ownership of timber and gravel rights that were mishandled decades ago and wound up assigned to various owners, including the government.

Les Leyne: Ancient clerical error costs $20 million from the Victoria Times Colonist

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West Fraser Supports Pool Renovation in Williams Lake

250 News
October 27, 2014
Category: Business & Politics
Region: Canada, Canada West

Williams Lake, B.C. – Timber giant West Fraser has announced a commitment of $500,000 towards the proposed renovation of Sam Ketcham pool in Williams Lake. The company, a major employer in the city, also contributed to the construction of the original pool in 1981 in honour of one of its founders, Sam Ketcham. “Sam Ketcham long recognized the importance of having great recreational facilities in our communities,” says Ray Ferris, West Fraser’s VP of Wood Products. “As part of the fabric of this community since 1955, and where Sam spent so much of his time, we are pleased to be a supporter of the renovations to this valued facility.”

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Catalyst Paper to take temporary curtailment at Powell River mill

Lesprom
October 28, 2014
Category: Business & Politics
Region: Canada, Canada West

Catalyst Paper announced the temporary curtailment of one of three paper machines at its Powell River mill, removing capacity of 6,500 tonnes of specialty paper grades from the market. This curtailment reflects Catalyst’s strategy to match production with domestic market demand and inventory, as the company said in the press release received by Lesprom Network. The Powell River No. 9 paper machine will be idled on October 31 for three weeks. Additional downtime may be taken later in the quarter based on market demands.

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Plum Creek Timber Co. (PCL) Releases Quarterly Earnings Results

WKRB13
October 27, 2014
Category: Business & Politics
Region: United States

Plum Creek Timber Co. issued its quarterly earnings data on Monday. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02, American Banking News reports. The company had revenue of $375.00 million for the quarter, compared to the consensus estimate of $379.00 million. During the same quarter last year, the company posted $0.46 earnings per share. Plum Creek Timber Co.’s revenue was up 2.5% compared to the same quarter last year. Plum Creek Timber Co. updated its FY14 guidance to $1.10-1.20 EPS.

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Fire case ignites misconduct allegations

Federal and state officials accused of using powers to shake down lumber company
U-T San Diego
October 27, 2014
Category: Business & Politics
Region: United States, US West

SACRAMENTO — Liberals often complain about the greed of profit-seeking corporations, while conservatives likewise complain about abuses by government officials. Both sides might take notice of something that seems to epitomize the worst of both worlds — government agencies that use their power to bolster their own budgets. An eye-popping example – filled with allegations of fraud, corruption, and official misconduct – is unfolding in a northern California legal case involving state and federal efforts to secure a massive financial settlement from the state’s largest land owner, Sierra Pacific Industries.

Appalling Corruption And Deceit Alleged in DOJ Case Against Sierra Pacific Industries from The Conversation

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Plum Creek Timber Co. to sell 117,000 acres at Placid Lake, Gold Creek to Nature Conservancy

by Rob Chaney
The Missoulian
October 27, 2014
Category: Business & Politics
Region: United States, US West

Plum Creek Timber Co. has agreed to sell 117,152 acres around Placid Lake and the Gold Creek drainage northeast of Missoula to the Nature Conservancy for $85 million. “They are among the most ecologically diverse and intact biological systems remaining in the United States,” Plum Creek spokeswoman Kate Tate said in a press release on Monday afternoon. The deal also includes 48,000 acres on both sides of Interstate 90 between Snoqualmie Pass and Ellensburg in western Washington, in the heart of the Cascades Mountain Range. The total cost of the sale is $134 million.

Conservation Group makes Huge Land Purchase Near Snoqualmie Pass from Oregon Public Broadcasting

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Asia Pulp and Paper reveals how zero deforestation became a reality

Aida Greenbury of Asia Pulp and Paper explains how bottom line performance and sustainable forests can be combined to help deliver ‘a green economy for Indonesia’
Business Green
October 27, 2014
Category: Business & Politics
Region: International

Few companies have seen their green reputation undergo a more dramatic transformation than that experienced in recent years by Asia Pulp and Paper (APP). For years the Indonesia-based paper giant was a bête noire of environmental campaigners and was repeatedly targeted by high-profile protests designed to highlight the connection between the company’s blue-chip clients and the rainforest destruction that cleared the way for APP’s plantations. Then, in early 2013, something remarkable and largely unprecedented happened. 

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Wood, Paper & Green Building

Wood Solutions Fair: When it comes to building with timber, the Northwest is tops (Photos)

Biz Journals
October 27, 2014
Category: Wood, Paper & Green Building
Region: United States, US West

It should be little surprise that when WoodWorks honored the new construction projects that made the most dramatic use of wood, Northwest entries dominated. From the new arts center at Portland’s Reed College to Seattle’s celebrated Bullitt Center and the U.S. Army Corps of Engineers new home, Northwest architects, engineers and their clients produced some of the most stunning projects of the year using wood not just for its visual (and sustainable) vibe, but as a structural one too.

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Prefabs add value to timber

stuff.co.nz
October 27, 2014
Category: Wood, Paper & Green Building
Region: International

Exporting timber houses makes more economic sense than exporting logs. That was Dan Tremewan’s thought, as he watched, from his Lyttelton home, logs being stacked at the port below. Four years of thought later, the Christchurch property investor and developer has unveiled Welhaus, his own brand of modular, engineered timber homes. Based on what he had seen in Europe, he has developed the concept in several low-energy designs. The first example has just gone up in seaside North Beach. Others are planned for Huntsbury and Lyttelton, with more orders on the books.

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Earthquake-resistant wood tech used in Japan

Journal of Commerce
October 28, 2014
Category: Wood, Paper & Green Building
Region: International

Earthquake and wind- resistant wood wall systems designed in B.C. are planned for use on a historic Japanese project. This month, Japanese Ministry of Land, Infrastructure, Transportation and Tourism announced its contract award for a 9,000 square metre, five-storey elderly care facility in Adachi Ward, Tokyo. Once completed, the building will be the largest wood building of its kind in Japan. It will feature a midply shear wall system developed by FPInnovations and researchers at the University of British Columbia (UBC). The project received funding from Natural Resources Canada and Forest Innovation Investment (then of FRBC).

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Forestry

Study: Climate change will make wildfires worse for Arizona, nation

Cronkite Newsonline
October 27, 2014
Category: Forestry
Region: United States, US West

PHOENIX – While Arizona’s most recent fire season was relatively tame, one study argues that the worst may be yet to come due to climate change. In a study titled “Flammable Planet: Wildfires and the Social Cost of Carbon,” the Cost of Carbon Pollution project predicts larger, more frequent, more intense and more costly wildfires around the world by 2050 – with the American Southwest being affected in particular. Using current projections for warming temperatures and other factors, the study puts a price tag on the increased wildfire threat.

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Tiwi Islanders prepare for historic timber harvest as woodchipping machinery is ordered

ABC News, Australia
October 27, 2014
Category: Forestry
Region: International

A Federal Government grant of over $6 million has paved the way for timber to be harvested from the Tiwi Islands in the Northern Territory. The Traditional Owners of the Tiwis are in charge of nearly 30,000 hectares of Acacia mangium trees, which are destined to be sold into Asia as woodchips after a deal was signed earlier in the year with Japanese company Mitsui. It was hoped the first shipment of woodchips would leave Port Melville this year, but a range of issues delayed the harvest.

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Carbon, Climate & Bioenergy

Drying Amazon Could Be Major Carbon Concern

Climate Central
October 27, 2014
Category: Carbon, Climate & Bioenergy
Region: International

The lungs of the planet are drying out, threatening to cause Earth to cough up some of its carbon reserves. The Amazon rainforest inhales massive amounts of carbon dioxide from the atmosphere, helping keep the globe’s carbon budget in balance (at least until human emissions started throwing that balance off). But as a new study shows, since 2000 drier conditions are causing a decrease in lung capacity. And if the Amazon’s breaths become more shallow, it’s possible a feedback loop could set in, further reducing lung capacity and throwing the carbon balance further out of whack.

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