Tree Frog Forestry News

Daily Archives: October 29, 2013

Business & Politics

Canadian exports to gain 5.3 per cent, survey says

The Globe and Mail
October 29, 2013
Category: Business & Politics
Region: Canada

Canada’s exports of goods and services are poised for a 5.3-per-cent gain in 2014, paced by a cheaper dollar and higher shipments of lumber, aircraft and machinery, according to a new Export Development Canada survey. However, the federal export lender is downgrading its expectations for this year in a semi-annual export forecast being released Tuesday.

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Market Recap: RISI Crow’s Construction Materials Cost Index

Crow’s Weekly Market Report
October 28, 2013
Category: Business & Politics
Region: Canada, United States

Lumber: Demand from wholesalers the week prior for SPF lumber set the market up for less activity at the mill level. Many wholesalers also ended up in Las Vegas for the NAWLA Traders Market, which kept them away from their phones for much of the week. Buyers also considered declines in futures as a reason to stay on the sidelines. Slower sales activity throughout October left Southern Pine lumber producers with the challenge of managing inventories by way of price adjustments.

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West Fraser, Canfor to close Interior mills

Pine beetle devastation leaves companies with wood shortfall
Business in Vancouver
October 29, 2013
Category: Business & Politics
Region: Canada, Canada West

Two sawmills in British Columbia’s Interior will close next year, the latest casualties of the forest devastation caused by the mountain pine beetle infestation. …According to West Fraser figures, the mountain pine beetle infestation will reduce the allowable timber harvest in the Interior by more than 30% below current levels. …David Cohen, a professor in the University of British Columbia’s faculty
of forestry, called the closures “the beginning of the downsizing” for
the Interior lumber industry.

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Cullen says he will do what he can for Houston after mill closure

HQ Prince George
October 28, 2013
Category: Business & Politics
Region: Canada, Canada West

Skeena-Bulkley Valley MP Nathan Cullen says he is focused on doing what he can to help employees of the West Fraser mill in Houston who will be out of work come spring. Cullen says he will be speaking with the company, union and the town in the coming days to try to devise a plan for the 225 mill workers affected by the shut-down. He says now is the time to listen before acting in order to react propoerly.

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West Fraser Timber reports third-quarter sales and profit up from year ago

Canadian Press
October 28, 2013
Category: Business & Politics
Region: Canada, Canada West

VANCOUVER – West Fraser Timber Co. Ltd. said Monday it earned $55 million in its latest quarter, as sales improved compared with a year ago. The forestry company said the profit amounted to $1.29 per share on sales of $878 million in the quarter ended Sept. 30. That compared with a profit of $52 million or $1.21 per share on sales of $772 million a year ago. Though the results for what was the company’s third quarter were up compared with a year ago, they were down from the second quarter when it earned $109 million or $2.54 per share on $900 million in sales.

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Pair of forestry projects to provide Atikokan area with more than 100 jobs

TB Newswatch
October 28, 2013
Category: Business & Politics
Region: Canada East, Canada

The former Buchanan Mill outside of Atikokan is now the site of a new $50 million sawmill that is now underway. The project is expected to provide the area with 90 new jobs, and it should be in operation sometime in 2015. Meanwhile, on the other side of town, a new wood pellet facility is also under construction. Rentech is investing in the $22 million mill that will supply wood pellets to the Atikokan Generating Station.

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Miramichi mill protest ends after Arbec gets court order

Workers angry maintenance shutdown work being handled by Quebec contractor
CBC News
October 28, 2013
Category: Business & Politics
Region: Canada East, Canada

Several dozen workers protested outside the Arbec mill in Miramichi on Monday, angry the company has hired a Quebec contractor to do a regular maintenance shutdown at the mill. The demonstration ended late in the afternoon, after Arbec Forest Products Inc. obtained a court injunction ordering the protesters to leave. No one from Arbec was available for comment.

Angry workers block gates to N.B. mill over hiring dispute from CTV News
Protest sparked after Miramichi mill hires Quebec workers from Global News

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Plum Creek Timber Q3 Profit Rises – Quick Facts

RTT News
October 28, 2013
Category: Business & Politics
Region: United States

Plum Creek Timber Co., Inc. Monday reported third-quarter earnings of $72 million or $0.44 per share, up from $59 million or $0.36 per share in the same period last year. On average, 11 analysts polled by Thomson Reuters expects the company to earn $0.42 per share for the quarter. Analysts’ estimates typically exclude special items.

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$1.1 billion deal would double Plum Creek’s SC timber land, make it part owner of Charleston-area development

The State
October 28, 2013
Category: Business & Politics
Region: US East, United States

COLUMBIA — A major S.C. landowner, Plum Creek Timber Co., plans to nearly double its Palmetto State acreage by buying 175,400 acres from MeadWestvaco. That property is expected to remain as timberland, according to a Plum Creek news release. But as part of the deal, Plum Creek also would acquire a 50 percent interest in an additional 109,000 acres that MeadWestvaco planned to develop in the Charleston area. Plum Creek also would buy about 325,000 acres of MeadWestvaco land in four other states – Alabama, Georgia, Virginia and West Virginia.

MeadWestvaco selling US forestland for $934M from The Associated Press

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Norske Skog net result down by 60% in Q1-Q3 period

EUWID
October 28, 2013
Category: Business & Politics
Region: International

Norske Skog concluded the first three quarters of 2013 with negative earnings. Capacity reduction measures during the reporting period have impacted results, the company says. Norwegian newsprint and magazine paper manufacturer Norske Skog posted a net loss of NOK1.39bn for the first nine months of 2013. The figure represents a 60% decline compared with last year.  While the operating result for the reporting period was 8.8% higher than
for the same period last year, it was still negative at -NOK829m.

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Wood, Paper & Green Building

Opening the door to wood-framed mid-rise projects

Northern Ontario Business
October 29, 2013
Category: Wood, Paper & Green Building
Region: Canada East, Canada

Mid-rise wood frame buildings may soon become reality in Ontario. A consortium of building industry groups has been pushing for amendments to national and provincial building codes that will allow for six-storey wood frame developments construction. Marianne Berube, executive director of Ontario Wood Works!, a regional arm of the Canadian Wood Council, is confident change will come within a few months. “We have the backing now. There’s no reason why it shouldn’t move forward.”

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Forestry

Warning issued after wolf pack encounter near Merritt

The Canadian Press
October 28, 2013
Category: Forestry
Region: Canada, Canada West

A forestry worker’s encounter with a wolf pack near Merritt has prompted a safety alert from the B.C. Forest Safety Council. The encounter took place two weeks ago on Lower Michael Road. A worker had just started what’s known as a road traverse when at least five wolves approached her to within three metres. She was about 100 metres from her vehicle.

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Could eliminating large-scale logging improve Comox Valley water?

Comox Valley Record
October 28, 2013
Category: Forestry
Region: Canada, Canada West

This is the second in a three-part series about sustainable use in the Comox Lake Watershed. The Proposal for a Comox Lake Watershed Sustainable Use Recreation Area suggests land-use designations need to change to eliminate large-scale logging in the watershed. Private forest companies own about 65 per cent of watershed lands, which are open to the international market. TimberWest owns 60 per cent.

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Safety board says weather not a factor in deadly B.C. float plane crash

Canadian Press
October 28, 2013
Category: Forestry
Region: Canada, Canada West

VICTORIA – The Transportation Safety Board has ruled out bad weather as a factor in the fatal float plane crash off northern Vancouver Island. But TSB Investigator Glen Friesen says they still haven’t determined the cause of the crash that claimed three lives. The Cessna 185 float plane, owned by Air Cab, crashed into an island in the middle of Potts Lagoon, on West Cracroft Island last Thursday.

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A number of forest fires burning east of Beauforts

Alberni Valley Times
October 29, 2013
Category: Forestry
Region: Canada, Canada West

The smoke that was seen hanging above the Beaufort mountain range for the past two days was the result of a fire on Island Timberlands land near Cook Creek. However, it was not the result of Island Timberlands burning resources, said Coastal Fire Centre fire information officer Donna MacPherson. … “The ignition source for the fires is expected to be smoldering fuels from recent forestry pile burning activities,” said Island Timberlands spokeswoman Morgan Kennah. She added the smoke is the result of “a number of forest fires burning on the east side of the Beaufort Range.”

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Emerald Ash Borer a tree monster

Daily Camera
October 28, 2013
Category: Forestry
Region: United States, US West

It takes a lot to rouse a Lorax, but when trees are threatened, those who speak for the them get moving. And when that threat is a pest so destructive the federal government wants it gone, Loraxes near and far become an army to try and stop it. The Emerald Ash Borer, a pest that is federally regulated, has been found in Boulder. Native to Asia, this borer was first identified in Michigan in 2002; since then it has killed millions of ash trees in 21 states, Colorado is now the 22nd state in which it has been found.

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Idaho tribes want first crack at federal land

Idaho Statesman
October 29, 2013
Category: Forestry
Region: United States, US West

If anyone should get Idaho’s 32 million acres of federal land, it should be the Indian tribes, tribal leaders said Monday. Representatives of three of Idaho’s Indian tribes testified before the Idaho Legislature’s Federal Lands Interim Committee Monday. They added to the doubts about the legality, cost and value of transferring the state’s popular public lands from federal to state management. “If Congress is to transfer title to any lands, they should transfer them to their original owners, the Indian tribes,” said Helo Hancock, legislative director of the Coeur d’Alene Tribe.

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Researchers putting together Colorado-wide forest inventory

Denver Journal
October 29, 2013
Category: Forestry
Region: United States, US West

FORT COLLINS — This fall, arborists completed the first phase of a project designed to create a statewide inventory of urban and community forests, and quantify the environmental benefits they provide. The inventory will help urban and community foresters around the state address such concerns as emerald ash borer – an invasive insect pest first confirmed in Colorado last month and already responsible for the death or decline of tens of millions of ash trees in 21 states.

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Forestry giant sorry over harm to koalas

Otago Daily Times
October 29, 2013
Category: Forestry
Region: International

Australia’s largest exporter of eucalyptus woodchips has apologised after being stripped of its environmental certification for harming koalas. In July, it was reported that thousands of koalas faced injury or death as loggers moved in to harvest blue gum timber plantations in south-eastern Australia. Woodchip exporter Australian Bluegum Plantations (ABP), which was named in the programme, initially denied the claims via the environmental certification authority, the Forest Stewardship Council of Australia (FSC). However, the claims were investigated by an international environmental auditor, and the recently released report was damning.

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Carbon, Climate & Bioenergy

B.C. funds First Nations’ clean energy

The Canadian Press
October 28, 2013
Category: Carbon, Climate & Bioenergy
Region: Canada, Canada West

VANCOUVER – A dozen British Columbia First Nations will share $1.3 million in provincial funding to develop clean energy, Aboriginal Affairs Minister John Rustad announced Monday during a speech to the Clean Energy Association of B.C… Among the 12 recipients announced Monday, the Lake Babine Nation will look at using wood chips for a biomass heating system, and the Shishalh (Sechelt) Nation will invest in the 33-megawatt Narrows Inlet hydro project. 

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Communities can monitor forests ‘as well as experts’

BBC News
October 28, 2013
Category: Carbon, Climate & Bioenergy
Region: International

Communities living alongside the world’s tropical forests can estimate an area’s carbon stocks as effectively as hi-tech systems, a study has shown. An international team of researchers found communities using sticks and ropes obtained the same results as data gathered by satellites. They added that the study showed that projects aimed at halting deforestation needed to use these people’s skills. The findings have been published in the journal Ecology and Society.

Forest people ‘can gather carbon data’ from Eco-Business.com

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General

Tembec – A Not So Obvious Way To Benefit From Rising Lumber Prices

Seeking Alpha
October 28, 2013
Category: Uncategorised

Lumber prices should move significantly higher in both the near-term and longer term, and owning the stock of Tembec is a good way to benefit from this. Most investors gravitate towards the stocks of the large lumber producers like West Fraser, Canfor, and Weyerhaeuser to get exposure to lumber prices or to the smaller producers like Interfor, Western Forest Products, or Conifex that are focused primarily on lumber. However, any given change in lumber prices causes a much larger change in EPS relative to the stock price for Tembec than for most of these other lumber producers.

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