The Forestry Source - December 2010 - (Page 7)
Big Iron “Gearing Up,” the cover story of the November issue of Biomass Power & Thermal magazine (biomass magazine.com) highlights biomass harvesters such as the John Deere 1490D Eco III Energy Wood Harvester. Although in-woods chipping is relatively common these days, sales of specialized bioharvesters is just crawling along, writes associate editor Lisa Gibson: “The expected rush for forest woody biomass harvesting equipment could come any day and many manufacturers are preparing, but economics always have a significant influence.” As of its October issue, Biomass Magazine split into two publications: Biomass Power & Thermal and Biorefining. The former focuses on all types of biomass energy production and the feedstocks, logistics, and technologies that go with it, while the latter covers advanced refining technology, project finance, policy, and markets. Plum Creek’s Prospects Plum Creek Timber Co. recently announced thirdquarter earnings of $32 million on revenues of $259 million, up from $19 million on revenues of $294 million in the same quarter in 2009. However, the company’s $154 million in total earnings for the first three quarters of 2010 were lower than the $208 million it reported for the same period in 2009. “Despite the slow pace of economic recovery we remain excited about the long-term prospects for significant growth in our cash flows as the economy recovers, Canadian lumber supply becomes constrained, and bioenergy demand grows,” said Plum Creek’s President and Chief Executive Officer Rick Holley. Holley noted that profit from the company’s real estate division was flat compared with its 2009 performance. “While interest in rural lands remains steady, we did not see the growth in real estate revenue we were ex-
“After Russia introduced a log export tax of 25 percent of the log value in 2008, shipments to China fell from a record 25 million m3 in 2007 to less than 15 million m3 this year,” reports WRQ. “Unless Russia reduces their log tariffs, it is difficult to see importation expanding between the two countries. Instead, New Zealand, Australia, the United States, Canada, Papua New Guinea, Solomon Islands, and a number of African countries will all continue to benefit from the Chinese forest industry’s diversification of their log sourcing.” Random Lengths WoodWire (www.rlpi.com) reports that North American softwood lumber exports to China surged in the third quarter of this year: “Canadian shipments to China soared to 1.067 billion board feet, up from 328 million board feet and 336 mmbf in the first and second quarters, respectively. Year to date, Canadian exports to China reached a record 1.73 bbf. US exports to China climbed to 70 mmbf in the third quarter, up from 18 mmbf in each of the previous two quarters. US shipments to China have surpassed 106 mmbf through September, according to Chinese Customs. North America has contributed to massive gains this year in total Chinese imports, which have reached 4.4 bbf through September, more than double the year-ago pace.” $4.8 Million Timber Fraud Scheme A Rome, Georgia, man pleaded guilty in November to defrauding Temple-Inland Co. of more than $4.8 million by creating phony receipts for timber deliveries that never took place. In addition to manipulating Temple-Inland’s computer system to create counterfeit receipts, Aaron Wilbert Freeman recruited log-truck drivers to redeem the fake receipts for payment and then laundered the proceeds through several financial institutions. “Paper is made from trees,” said Sally Quillian Yates, US Department of Justice attorney, “but in this case, Freeman created trees out of paper.” Freeman, who worked as a scaler at the Temple-Inland’s paper mill in Floyd County, Georgia, until June 2006, could receive a maximum sentence of 20 years in federal prison and a fine of up to $250,000 for wire fraud and a maximum sentence of 10 years in prison and a fine of up to $3.6 million for money laundering.
pecting as individual and family buyers remained cautious in reaction to increased economic uncertainty,” he said. China Hungers for Wood China’s demand for wood is pushing timber prices up, reports the Wood Resource Quarterly (WRQ, www.woodprices.com), and its importing of logs and wood chips has reached record levels. During the first eight months of 2010, China’s imports of softwood and hardwood logs were up 23 percent compared to the same period in 2009. Imports of tropical hardwood logs has increased almost 50 percent, and Papua New Guinea has overtaken Russia as the major hardwood log supplier to the Chinese sawmilling and veneer industry.
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The Forestry Source
Table of Contents for the Digital Edition of The Forestry Source - December 2010
The Forestry Source - December 2010
2010 National Convention Recap
An Overview of Forestry and Natural Resources Master’s Degree Programs in the United States
Field Tech: A Forester’s Wish List
Here’s How to Build a Weight Table for Loblolly Pine
People in the News
Continuing Ed. Calendar
Bcap Is Back: Usda Revises Rules for Biomass Crop Assistance Program
The Forestry Source - December 2010