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...About 1 per cent of the commercial timber plantation is set aside to regrow native species....
...As companies tackle digital overhauls of their businesses — from homeworking to customer relationship management — they are increasingly relying on external providers for information technology services...
...Dubbed “Project Timber”, the fallout from its failure would have far-reaching consequences. A reckoning is coming in the next few weeks....
...It will also sell its wood and lumber products business, Idaho Timber, in two deals for a combined $239mn....
...Excluding the effect of the big fall in lumber prices, the decline was only 2.3 per cent....
...One of the emerging trends in sustainability construction was timber, Grainger said....
...KPMG will pay about HK$650m (US$84m) to settle legal claims after failing to identify fraud at a Chinese timber company whose calamitous initial public offering led to a backlash against poor listing standards...
...He in effect now runs a mining multinational that includes, according to the US government, gold, diamonds, oil and lumber operations across Syria, Sudan and the Central African Republic....
...“That’s the region where timber and lumber comes from,” said chair Morris. The company is “managing” the “spiralling” costs of birch, as well as aluminium and other materials, he added....
...The iShares Global Timber and Forestry Ucits ETF has lost less than 5 per cent this year and is actually up over 4 per cent in the past 12 months....
...I find another convert after driving past the 350-acre site where bike trails and sustainable timber buildings are taking shape on the new campus which Walmart will move to next year....
...Such was the case with wild timber prices in the spring of this year....
...The company has encountered rising prices in many of its core commodity categories, such as lumber and copper, but chief executive Ted Decker said it was not entirely clear how inflation would affect consumer...
...Viewed in this way, lumber costs do not accurately indicate future DIY retailer sales. True, the astronomical surge in lumber prices did turbocharge top line growth at both companies....
...As US consumers venture out again, lumber prices are heading back to earth....
...It said lumber companies minimised waste by selling offcuts — whether from old growth trees or younger woodland — to groups including paper and pellet mills....
...It reckons that timber land held by stock-listed companies “is still trading at discounts (5 to 25 per cent) below the prices of comparable assets on the private equity market, and recent transactions in...
...Supply was disrupted not only by the virus, he said, but by very cold weather in February in parts of the US south-east, where much of the country’s timber is cut....
...In the meantime, the run-up in lumber prices is proving to be hugely profitable for big forestry companies such as West Fraser Timber Company....
...“It’s boom time for timber,” said Hopkins, whose trade federation represents 1,500 UK companies. “There’s a natural living agenda....
...Even giant companies such as Ikea have been affected....
...The latest edition of Bloomberg’s Odd Lots podcast delves into why the lumber price, after soaring, fell like, err, timber....
...Although I am a gift-giving monopolist, it will always be day one at Santa Inc....
...A surge in lumber prices has helped. Dearer commodities translate into higher prices for end consumers, boosting the top line....
...The renamed company will stake its future on the “metaverse”....
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