Monthly Archives: August 2012

Metcash down but Mitre 10 expands

Metcash has adjusted earnings guidance after assessing its June capital raising and recent initiatives including taking full ownership of Mitre 10 hardware. The company expected an earnings-per-share (EPS) dilution of between one and three percent in fiscal 2013 compared with underlying EPS in the previous year. Sources: Otago Daily Times, Gympie News, Herald Sun
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What a racket!

Ashrita Furman, a New York based Guinness record holder has built a 50-feet-long tennis racket and claimed it to be the largest in the world. Furman and 20 others built the racket within seven days. Sources: Google News, The Economic Times
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Canadian companies profit from US and China

Canadian lumber producers West Fraser Timber (WFT) and Western Forest Products (WEF) have announced the biggest combined profit since 2006 as mills run at five year highs to feed the US housing rebound and near-record Chinese demand. Source: Bloomberg
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Past 12 months sawlog prices down

Sawlog prices trended downward worldwide in past 12 months with the Global Sawlog Price Index (GSPI) falling 11% from the second quarter of 2011 to the second quarter of 2012, according to the Wood Resource Quarterly. The Index is based on sawlog prices in 20 regions around the world. Source: Wood Resources International
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Australia and New Zealand arrangement on illegal logging

Australia and New Zealand have strengthened their long-standing cooperation on forestry issues by signing the Arrangement on Combating Illegal Logging and Promoting Sustainable Forest Management. This illustrates a shared commitment to addressing illegal logging and promotion of sustainable forest management. Sources: Voxy (NZ), Ninemsn

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New Zealand timber design awards finalists

A coffee table-sized puzzle designed by a Dunedin furniture-maker is a finalist in the 2012 New Zealand Timber Design Awards. James Jagger’s design is in the indigenous timber showcase award, for the use of indigenous timber in furniture or a building that best highlights its characteristics. Source: Otago Daily Times
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Forest Industries ask Libs for Tasmanian plan

The Forest Industries Association of Tasmania (FIAT) confirmed to The Australian newspaper that it wrote to Liberal leader Will Hodgman expressing a willingness to engage on his alternative plan. Mr Hodgman’s plan locks in resource security for the industry without further trees being protected. Source: The Australian, ABC News

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NZ cautious of Australian illegal logging bill

The New Zealand forest and timber processing industries are watching the passage of illegal logging legislation in Australia, because it has the potential to disrupt the country’s export trade in forest products across the Tasman. Source: Radio New Zealand
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Pallet and packaging congress in Europe

The European Federation of Wooden Pallet and Packaging Manufacturers (FEFPEB) is holding its 63rd congress from 3-5 October 2012. The FEFPEB Secretariat said all 14 member countries would be represented to discuss progress on the main issues affecting the pallet and packaging business. Source: Packaging Europe
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Queensland alliance to further forestry

Gympie in Queensland is the centre for a strategic alliance between the University of the Sunshine Coast (USC), the CSIRO and the Queensland Department of Agriculture, Fisheries and Forestry for research into the future of forestry. Source: The Gympie Times

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