On 27 February 2020, Indonesia’s Ministry of Trade (MoT) issued Regulation No 15/2020 on the export of forestry products. Subsequently, on 13 March 2020, the Coordinating Ministry for Economic Affairs issued a press release about a Non-Fiscal stimulus package intended to address
FPInnovations announced that a new federal mandate is expected to come into effect next year making electronic logging devices (ELDs) mandatory for Canadian federally regulated motor carriers and their drivers. With few exceptions, anyone who currently uses paper logs to keep track of
Metsä Fibre, part of Metsä Group, has made the decision to build the world’s most modern sawmill in Rauma. The value of the investment is approximately EUR 200 million. Construction will begin in the spring of 2020. Production at the sawmill is set to begin during the third quarter of
Nippon Paper employees, who still have strong ties to the Allied Natural Wood Exports (ANWE) wood chip mill in Eden, have shown their support by donating money following the recent devastating bushfires. Source: Timberbiz Before it changed hands in 2015, Japanese company Nippon Paper
Weyerhaeuser Company announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately US$145 million in cash. Source: Timberbiz The company anticipates it will incur minimal tax liability in conjunction with the sale. R
JCB received a direct appeal from Prime Minister Boris Johnson to help plug the national ventilator shortage and to help save lives of Coronavirus patients. Following the approach, JCB Chairman Lord Bamford promised to help in any way the company could and immediately mobilised a rese
Due to the closure of suppliers of critical components, Komatsu Forest will temporarily shut down its production of forest machinery at its factory in Umeå. On 26 March, the company agreed with IF Metall on short-term work from 13 April through 21 June for employees in production. Sou
The UK Government announcement that it was time to work from home wherever possible, and to close all non-essential businesses which according to the Timber Trade Federation (TTF) started the confusion, as “hardware” stores – including timber and builders’ merchants – were exempt from
A resurgence in illegal logging in Indonesia may be on the cards after the government declared that wood exports would no longer have to comply with a stringent legality check that took a decade to put in place. Sources: Timberbiz, Mongabay, Reuters Under the new regulation issued by
To support certified entities and certification bodies during the COVID-19 challenge, Programme for the Endorsement of Forest Certification (PEFC) has extended the transition period for its three revised international standards by six months. Source: Timberbiz This extension applies t