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Latest timber industry news, updated on Monday, Wednesday and Friday.

Big Data to offer solutions for sustainable forestry

A pilot initiative has offered a new solution for sustainable forestry. It’s part of a series of activities that handle massive data flows collected through sensors and aerial and satellite imagery. The importance of a well-functioning bioeconomy is increasingly recognised in addressi
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China reporting: hardwood chip import record

China’s imports of hardwood chips totalled a record 3.442 million bone dried metric tonnes (bdmt) over the three months to the end of November. Nine months after China’s trade data ‘went dark’ as part of its strategy in the trade war with the US, IndustryEdge has advised that limited
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 HIA new home sales drop to lowest level since 2012 

HIA New Home Sales continued the declining trend that we saw throughout most of 2018 according to Geordan Murray, HIA Senior Economist. The HIA New Home Sales Report shows detached house sales fell by 6.7% in the final month of 2018. Source: Timberbiz “Sales during the final quarter o
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NZ firefighters deployed to Tasmania

A contingent of New Zealand firefighting personnel is heading overseas, this time to help combat a growing number wildfires in Tasmania. Fires have been burning since late December, mainly in the southwest of the state following a heatwave and period of lightning strikes and high wind
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Allied Timber Products sold to AAM Investments

The Australian Financial Review has reported that AAM Investment Group has acquired Allied Timber Products’ softwood sawmill and business located in Bathurst for about $25 million. This latest transaction is yet another addition to its diversified, unlisted investment offerings
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NZ announces $36m for erosion control

Te Uru Rākau (Forestry New Zealand) has announced funding of almost NZ$36 million through the Hill Country Erosion Fund (HCEF) to enable much-needed erosion control in the regions. The HCEF supports proposals to protect the most vulnerable hill country landscapes, where the main treat
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European importers deliver price increases 

Through to mid-2018, European producers who were importing dressed sawn softwood products to Australia raised their prices significantly, even as they grew their market share. According to IndustryEdge, that trend is continuing. Source: Timberbiz Speaking to Daily Timber News, the man
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Hyne celebrates start of new GLT plant

Hyne Timber was joined by the Acting Premier and Minister for State Development, Manufacturing, Infrastructure and Planning, the Honourable Cameron Dick, local member, Bruce Saunders MP and Mayor, George Seymour to officially turn the first sod ahead of construction of its new Glue La
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