Australasia's home for timber news and information

PEFC ruling on conflict timber to affect Australia for years to come

09 March 2022
The decision by the world’s largest international forestry certifier to designate all timber originating from Russia and Belarus as ‘conflict timber’ banning this timber from being used in PEFC-certified products will have real and significant potential to impact on South Australia’s
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Teak trade from Myanmar continues into EU

07 March 2022
As one of the most highly prized hardwoods in the world due to its finish and durability, teak is becoming increasingly popular with the mega-rich. It’s one of the best-known timbers and hails from the tropical forests of Indonesia and Myanmar, which are the world’s larges
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Necessity is the mother of Russian invention

07 March 2022
Russian convoys navigating hostile and dangerous territory in Ukraine have taken up a very peculiar way of fortifying their trucks in order to survive Ukrainian attacks, according to a tweet shared on Saturday by the cohost and editor of TheOsintBunker. They are using wooden logs to a
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Former Reddit boss turns to forestry

07 March 2022
Terraformation, a forest restoration start-up founded by the former boss of technology company Reddit, is looking to raise $100 million for a fund focused on early-stage projects in developing countries. Source: Reuters The as-yet unnamed fund will blend private, public and concession
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120 environmental groups call for a ban on Russian timber

07 March 2022
Over 120 environmental rights groups have called for a ban on Russian and Belarussian timber in response to Vladimir Putin’s invasion of Ukraine. With the Siberian taiga considered one of the lungs of the Earth, and Belarus one of the most heavily forested regions of Europe, wood is a
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Ikea and Metsa suspend Russian operations

04 March 2022
IKEA and Metsa have both issued information regarding their activities in the Russia with IKEA stating that the actions of Inter IKEA Group and Ingka Group have been to support the personal safety and security of IKEA co-workers and their families. Source: Timberbiz The war has had a
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New Forests to double Asian forestry investment with $164M

04 March 2022
New Forests, a global investment manager of nature-based real assets and natural capital strategies, announced the first close of its Tropical Asia Forest Fund 2 (TAFF2) with US$120 (A$164M) million of capital commitments. Source: Timberbiz Investors in the first close include soverei
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APFC points to opportunities for forestry post pandemic

02 March 2022
There are immense opportunities for the forestry sector to contribute to post-pandemic recovery, as governments across the Asia Pacific region are pledging hundreds of millions dollars on green initiatives. Source: Timberbiz “In Asia and the Pacific, regreening action, in particular t
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A financial index for the forest and timber industry

02 March 2022
The Zurich-based Timber Finance Initiative, an initiative of the Timbagroup, has launched the Timber Finance Carbon Capture & Storage Index. The index focuses on the CO₂ storage effect of wood and, with 30 selected listed companies, tracks the forestry and timber industry in the U
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China timber supply could be affected by Russian war

02 March 2022
Russia’s invasion of Ukraine is likely to impact global trade in the coming months. Increased sanctions against trading with Russia and difficulty with financial transactions will probably interrupt and re-direct shipments of forest products throughout the world. Sources: Lesprom, Woo
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