Andrew Copley, senior analyst with Forisk Consulting, spoke on North American Timberland and Forest Industry Capital Investment Trends during the recent Wood Bioenergy Conference & Expo in Atlanta. He noted that Weyerhaeuser’s REIT, with 11,735,000 million acres, is far and away the largest owner of timberland; it is larger than the four largest U.S. TIMOs combined. He said in 2019 about 1.6 million acres changed hands.
Focusing on southern pine timberlands, Copley said that in the 1980s the average southern yellow pine plantation accumulated 2.4 tons of volume per acre per year, and by 2016 that number had more than doubled to five tons per acre per year. “As a whole, we are growing much more wood on an acre of land today than we were 30 years ago,” he said. “There is still room for improvement; a well-managed SYP plantation can produce six to eight tons per acre per year.”
Abundant grade supply is one of the factors that has led to a massive influx of sawmill investment in the South. In 2019 Copley said firms in the South completed 10 sawmill expansions and five new sawmills began operations. This added 1.7 billion BF of capacity to the regions. Firms expect to build or expand 21 mills in the South in the next two years. Southern softwood sawmill capacity should approach 23 billion BF by 2024, a gain of 17% in five years.
Irish manufacturer Combilift, best known for its range of space-saving forklifts and other handling solutions, has drawn on its expertise in engineering and software design to develop the Combi-Ventilate, a splitter…
The 21st Century Conservation Corps for Our Health and Our Jobs Act recently introduced by U.S. Sen. Ron Wyden (D-Ore.) provides more than $15 billion for a wide variety of public lands projects that benefit rural…
Klausner Files Bankruptcy Following several years of below capacity operation and controversy,...
In a move that creates one of the largest wood products scanning companies in the world, Microtec has acquired Lucidyne Technologies, Inc. Microtec has been delivering technologically advanced scanning and…
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives.
Complete the online form so we can direct you to the appropriate Sales Representative.