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

New Zealand wants Chinese investors in timber plant

Chinese investors will be encouraged to consider building a timber processing plant in New Zealand to create work. Source: Radio New Zealand
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Carter Holt Harvey losses grow

Carter Holt Harvey has worn a $264 million charge on its Australian building supplies group, which widened its loss by 80% last year and left it in negative equity. Source: The New Zealand Herald
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Foresters say climate change mitigation is in their hands

At the Institute of Foresters of Australia national conference IFA president said “…the science presented shows clearly that forestry can contribute most strongly to climate change mitigation in Australia through carbon stored in timber”. Source: Timberbiz
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Is biomass really the fuel of the future?

Which source of renewable energy is most important to the European Union? Solar power, perhaps? The answer is neither. By far the largest so-called renewable fuel used in Europe is wood. Source: The Economist
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Global sawlog prices

Sawlog prices in North and Central Europe have trended downward the past two years, while prices in Eastern Europe have increased slightly, reports the Wood Resource Quarterly. Source: Scoop Independent News
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Giant kauri may be saved by tourist ban

Access to Waipoua Forest in New Zealand and its giant kauri Tane Mahuta could be closed to the public to protect the trees from a fast spreading killer disease. Source: The New Zealand Herald
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Banner Hardware joins forces with Mitre 10

South Australian family-owned Banner Hardware has joined forces with Australia’s largest independent hardware retailer, Mitre 10. Source: Timberbiz
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Funding in New Zealand gets green light

A national forestry initiative with roots in Marlborough has won more than NZ$200,000 in additional government funding to set up eucalypts in some of New Zealand's driest regions. Sources: Stuff, The Marlborough Express
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