SCA Timber and Persson Invest to form a joint sawn-products company, Gallo AB

SCA and the Persson Invest Group, based in the County of Jämtland, Sweden, plan to form a joint sawn-products company, Gallo AB. The company will consist of Persson Invest’s two sawmills Gällö and Tjärnvik, and SCA’s Jämtlamell sawmill in Stugun. Persson Invest and SCA will own equal stakes in Gallo AB, company said in a press release.

Experts: Scotland's forestry industry faces an unprecedented crisis

Scotland's forestry industry faces an unprecedented crisis unless the timber supply chain can be restored quickly, experts have warned, as The Scotsman reported.

Estonia exported EEK 630 million ($60 million) worth of wood and related products during August 2009

Estonia exported EEK 630 million ($60 million) worth of wood and related products during August 2009, official figures show, as KMS Baltics reported.

Plum Creek Timber reported 3Q net income of $19 million

Plum Creek Timber Company, Inc. announced 3Q earnings of $19 million, or $0.12 per diluted share, on revenues of $294 million. Results for the quarter include a $2 million after-tax ($4 million pre-tax) pension settlement charge resulting from personnel reductions in 2009, primarily within the company’s manufacturing operations. The expense, net of tax, reduced earnings by $0.02 per share. Earnings for the 3Q 2008 were $69 million, or $0.40 per diluted share, on revenues of $414 million.

Canadian lumber production declines

Canadian lumber production in July totaled 1.5 billion board feet, a 1% decrease from June and a 24% decrease from July 2008, according to Statistics Canada. Production through seven months reached 10.7 billion board feet, 26% behind last year's pace, as Random Lengths reported.