Owners of the Morgan sawmill in South Australia's mid-north are calling for State Government help to save the local forestry industry. Source: ABC Rural

A fund managed by Mirvac is readying to sell 20,000ha of forestry land to New Forests Group for more than $50 million. Source: The Australian

The New Zealand Superannuation Fund has sold 2.5% of Kaingaroa Timberlands to six central North Island iwi, giving the underlying landowners access to some of the profits generated from the nation's biggest forestry business. Source: The National Business Review (NZ)

Southern Cross Forest Products, a sawmill company in New Zealand with about 400 employees and about NZ$100 million in annual sales was placed in receivership. Sources: Stuff NZ, Fairfax NZ News, TVNZ

Australian Sustainable Hardwoods (ASH) at Heyfield, Victoria is putting the finishing touches on its latest expansion, which experts tip will provide a much bigger range of building products for architects and designers. Source: The Gippsland Times

February and March were dark months for Australian manufacturing and aviation workers. Unfortunately, they are not the only sectors tipped to feel the pain of restructuring. Sources: Business Spectator, The Age

Prime Minister Tony Abbott's declaration that too many of the country's forests are "locked up" has met a furious response from the Tasmanian state government and environmentalists. Sources: The Australian, ABC News

A subsidiary of IKEA that supplies timber to the furniture maker has been stripped of its Forest Stewardship Council (FSC) accreditation following an audit. Source: Supply Management