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Russia Lumber Export Rise 7.4 Per Cent: 1H 2015
For the first six months of 2015 total volume of lumber exports from Russia increased by 7.4 per cent, to 6.96 million tons year-over-year, as Federal Customs Service of Russia said in the press release received by Lesprom Network August 7. The volume of Russian exports of roundwood however, for the reporting period, amounted to…
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Housing Starts, Canada: July 2015
The latest report from the Canadian Mortgage and Housing Corp, released Tuesday, showed the seasonally adjusted annualized rate of housing starts fell to 193,032 in July from a downwardly revised 202,338 units in June. With the six-month trend at 185,586 starts, analysts said homebuilding has settled into a pace that meets demographic demand, seemingly unaffected…
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Wei Wai Kum First Nation Signs 25-year BC Timber Deal
The British Columbia government announced August 7 a 25-year timber licence agreement with a First Nation on Vancouver Island, which allows the Wei Wai Kum First Nation to harvest almost 9,900 cubic metres of timber a year from its traditional territory around Campbell River, BC. The deal covers a 2,400-hectare parcel of Crown land near…
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Conifex Acquires Arkansas Mill
Conifex Timber, based in Vancouver, BC, has completed its purchase of a private Delaware company holding exclusive rights to a sawmill and 186 acres of land near El Dorado, AR, said Woodworking Network also Monday. The rights to the Arkansas property was acquired for US$21 million. The deal, announced Aug. 6, comprised US$12.36 million in…
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Major Explosion at Tianjin Port, China
An explosion in eastern China that rocked one of the world’s busiest ports Wednesday poses some logistics problems despite resuming operations. Authorities and companies near the blast site in the eastern Chinese city of Tianjin said to the Wall Street Journal Friday operations there were returning to normal. Still, bottlenecks remained for industries from steel…
