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

Morbark acquired by Stellex Capital Management

Private equity manager Stellex Capital Management has acquired Morbark. The acquisition is focused on providing growth capital and resources to significantly expand the company in the future. Source: Timberbiz Morbark builds equipment for the forestry, recycling, sawmill, biomass and
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Waikato companies fined for poor practices

Two related Waikato companies have been fined a total of NZ $64,525 following a poorly executed forestry harvesting operation near the Waitomo Caves. Source: Forestry Expo Co NZ The charges which Corboy Forest Management Limited and Corboy Earthworks Limited were convicted of recently
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Herbicide safety questioned

During the 1970s Tordon 50D was used as a chemical herbicide to kill trees now a forestry worker is questioning its safety. Source: The Weekly Times It was called the Forests Commission when Graeme Hughes started working in the public service in 1967. By the time he retired in 2000, i
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Tropical Forestry Services opens $3.5m nursery

The world’s largest Indian sandalwood grower, Tropical Forestry Services (TFS), has opened a $3.5 million nursery in Katherine. Source: ABC Rural At a little over one hectare in size, TFS claims it is the biggest of its type in Australia, with the capacity to hold about 1 millio
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PEFC endorsement only a first step for NZ

According to Ben Gunneberg CEO of PEFC International achieving PeFC endorsement was only the first step, now the work begins to run the system. Source: Forestry Expo Co NZ “The real work begins now,” Mr Gunneberg said at an event for the New Zealand Institute of Forestry (NZIF). “Achi
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Tasmania’s next timber conflict on the horizon

Battlelines have been drawn for Tasmania’s next round of environmental conflict as the State Government said it would seek sources for special species timber in areas including conservation reserves. Source: The Mercury Angry that the Tarkine could be high on the list for future loggi
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NZ forest harvest decline

New Zealand forest harvest volumes declined in 2015 for the first time in seven years as uncertainty about future prices prompted plantation owners to hold back from felling their trees. Sources: Scoop Media, NZ City The country harvested 28,896,354 cubic metres of wood, mostly radiat
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Australia Institute claims more profit from standing forest

An economic analysis by The Australia Institute claims that native forest logging in NSW lost $78 million over the last seven years, but could be making a $40 million profit if left standing and allowed access to the Federal Government’s Emissions Reduction Fund (ERF). Source: A
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