Nguyen Ton Quyen, general secretary of the Viet Nam Timber and Forest Product Association (VIFORES), said there are currently about 300 timber processing handicraft villages in Viet Nam, creating jobs for 300,000 labourers. – Source: Vietnam News
The US lumber futures hit a 19-month high amid expectations for demand to surge as thousands of homes, damaged by the superstorm Sandy, are rebuilt in the coming months. Source: Reuters
Austrian green building firm CREE GmbH has opened US operations in San Francisco, CREE Buildings. The company's timber and concrete hybrid technology enables architects to design wood buildings up to 30 stories, that can be erected as quickly as a story a day. Source: Azocleantech
Officials in Democratic Republic of Congo are colluding with foreign logging firms to support illegal logging, harming local communities and risking the destruction of the world's second largest forest, according to a report by a campaign group. Source: The West Australian
Actor Woody Harrelson is supporting a company called Prairie Pulp and Paper that produces paper made from waste wheat straw. Harrelson said he wants to get in on the movement that will see North America's first non-wood pulp-and-paper mill set up. Source: The Canadian Press, CBC News
Jamaica imports around US$3 billion worth of lumber each year, despite the island being known as the 'land of wood and water'. This has forced at least one local producer of lumber to appeal to more Jamaicans to invest in the planting of lumber trees. Source: Jamaica Observer
Timber imports are on the rise in Viet Nam, as local supply has not met demand according to Huynh Van Hanh, deputy chairman of the Handicrafts and Wood Industry Association of Ho Chi Min City (Hawa). Source: Viet Nam News
About 60 local timber companies have collapsed in the last 10 years, leading to the loss of about 30,000 jobs in Ghana. Companies that had managed to survive the turbulence in the industry are currently producing below 50% capacity.
Source: Daily Graphic
Wood Resources International LLC WRQ reported that domestic sawlog prices in Russia have gone up 25% in three years despite higher log export tariffs. Will they climb even higher now that Russia is a member of WTO? Source: Timberbiz
There are two forestry entrepreneurs whose software is revolutionising the harvesting of timber. A UK company is leading a quiet revolution to change the global forestry industry. Source: Independent (UK)