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Forest Products News

York expects lower H1 earnings

By: Anine Kilian     24th February 2016 JSE-listed York Timber expects to report a 45% to 50% year-on-year decrease in its headline earnings per share (HEPS) for the six months ended December 31. Earnings per share (EPS) and HEPS were expected to decrease to between 10.5c and 11.6c, from 21c in the six months to December 2014. 

Mindanao to lead Philippine rubber production

12th February 2016 The Philippine Department of Trade and Investment (DTI) aims to position Mindanao as the country’s rubber product manufacturing hub. Mindanao currently supplies 99% of the country’s national rubber production. DTI region 9 director and national coordinator for the rubber industry cluster Dr Sitti... 

Bayer commits to sustainable farming in S Africa

By: Anine Kilian     4th February 2016 Chemicals and pharmaceuticals company Bayer has joined forces with the Howick-based Future Farmers Foundation to show its support for the Future Farmers initiative. This reinforced Bayer’s commitment to local agricultural development through sustainable food production, skills development and job... 

Bayer commits to sustainable farming in S Africa

Ecological intensification of agriculture must be done across value chain

By: Schalk Burger     15th January 2016 Reducing the impact of agriculture on the environment, called ecological intensification, is most effective when it involves the entire agricultural value chain, rather than just the primary producers. This was proven by the results achieved by South African macadamia processor Green Farms Nut... 

Ecological intensification of agriculture must be done across value chain
MACADAMIA NUT FACTORY Eliminating wasteful production processes and driving additional revenue streams provide positive environmental impacts

Grain body says South Africa may need to import 5 Mt of maize

By: Reuters     6th January 2016 South Africa may need to import as much as 5-million tonnes of maize this year, roughly half of its requirements, because of its worst drought in three decades, the country's largest producer group said on Wednesday. The drought in the continent's biggest maize producer has been exacerbated by an... 

Grain body says South Africa may need to import 5 Mt of maize

DA calls for action on looming Gauteng agriculture crisis 

By: African News Agency      16th November 2015 The Democratic Alliance (DA) on Sunday called on the Gauteng government to take urgent steps to avert a looming agriculture crisis in the province and its impact on food security. The Gauteng agriculture and rural development department should as a matter of urgency approach National Treasury... 

DA calls for action on looming Gauteng agriculture crisis

DTI publishes forestry BBBEE sector codes

By: Natasha Odendaal     10th November 2015 The Department of Trade and Industry (DTI) has published the draft amended broad-based black economic empowerment forest sector codes for public comment. Interested parties had until January 6 to comment on the proposed codes, which were aimed at finalising the Codes of Good Practice-aligned... 

Sappi chairperson to step down

By: Creamer Media Reporter      9th October 2015 Dr Danie Cronjé will retire as Sappi chairperson at the end of February 2016. He was appointed to the board in January 2008 and took up the position of chairperson in March of that year. 

Sappi chairperson to step down

Currency gains lift Mondi’s Q3 profit by 27%

By: Natalie Greve     8th October 2015 Paper and packaging company Mondi has reported a 27% year-on-year rise in its underlying operating profit for the third quarter ended September 30, to €22-million, with a good performance posted by all business units and strong incremental contributions from the packaging paper, uncoated fine... 

Currency gains lift Mondi’s Q3 profit by 27%

Land claims threaten forestry company's viability‚ MPs told 

By: RDM News Wire      14th September 2015 The land claims at Komatiland Forests‚ a subsidiary of South African Forestry Company Limited (Safcol)‚ threatens the viability of current operation‚ with 61% of the plantation being claimed by more than 50 groups of people‚ MPs were told. The Select Committee on Communications and Public... 

Land claims threaten forestry company's viability‚ MPs told

Rate of global deforestation slows – FAO

By: Shirley le Guern     7th September 2015 Africa is leading the way when it comes to deforestation with a net yearly loss of 2.8-million hectares of forests between 2010 and 2015. United Nations Food and Agriculture Organisation (FAO) director-general José Graziano da Silva, on Monday released the Global Forest Resources Assessment for... 

Rate of global deforestation slows – FAO

Italian compact loaders well received since local launch

By: Dylan Slater     4th September 2015 After officially opening its head office in mid-February, Jet Park-based industrial equipment distributor MultiOne South Africa (SA) has sold more than 30 loaders and numerous attachments of the machinery the company is distributing from Italy-based manufacturer CSF MultiOne. 

Italian compact loaders well  received since  local launch
8-SERIES Compact loaders from MultiOne aim to rival the more expensive skid-steers

Streamlined industrial group focusing on high-barrier-to-entry markets

By: Schalk Burger     4th September 2015 Industrial and logistics company KAP posted robust results for the 2015 financial year, ended June 30, including reducing its debt-to-equity ratio from 40% to 27%, in a tough and competitive environment. The board and management are “comfortable” with the streamlined structure and performance of... 

Tiger Brands to buy more from small farmers

By: News24Wire      7th August 2015 SA’s biggest consumer foods maker Tiger brands on Friday signed an agreement with the Department of Agriculture, Forestry and Fisheries in which it agreed to buy certain crops from smallholders. Tiger Brands CEO Peter Matlare said at the signing of the Memorandum of Understanding that the deal... 

Tiger Brands to buy more from small farmers
Photo by Duane Daws
Tiger Brands CEO Peter Matlare

Mondi expects H1 earnings to increase by 35%

By: Megan van Wyngaardt     28th July 2015 Dual-listed packaging and paper group Mondi expects its underlying operating profit for the half-year ended June 30 to be above the €377-million it reported for the first six months of 2014.  In the six months under review, the group recognised a net special item charge of €36-million, relating... 

Mondi expects H1 earnings to increase by 35%

Mondi signs land reform settlement agreements with KZN communities 

By: Megan van Wyngaardt     23rd July 2015 International packaging and paper group Mondi on Thursday signed a settlement agreement with Department of Rural Development and Land Reform for land claims lodged by the Mkhuzane community for land in the Richmond area and the Nodunga community for land in the Stanger area of KwaZulu-Natal. The... 

Mondi signs land reform settlement agreements with KZN communities

DTI, Nestlé sign chicory MoU 

By: Natalie Greve     2nd July 2015 Trade and Industry Minister Dr Rob Davies says a memorandum of understanding (MoU) signed by the Department of Trade and Industry (DTI), the Eastern Cape provincial government and dairy products manufacturer Nestlé South Africa on Thursday would create 800 permanent and seasonal jobs by 2019. The... 

DTI, Nestlé sign chicory MoU

Sappi sells recycled packaging paper business to Corruseal

By: Creamer Media Reporter      2nd July 2015 Pulp and paper manufacturer Sappi will sell its Enstra mill recycled containerboard and kraft papers business, in Springs, to packaging supplier Corruseal Group for an undisclosed amount. The mill would continue to manufacture recycled and lightweight packaging paper, but the existing security... 

Sappi sells recycled packaging paper business to Corruseal
Sappi Southern Africa CEO Alex Thiel

Land reform necessary as small-scale farming is essence of economy

By: Megan van Wyngaardt     18th June 2015 The development of small-scale farming, or so-called communal farming, is on the rise in South Africa, as it provides significant economic benefit and forms one of the key pillars of the National Development Plan (NDP). “The debate used to be that there [is] only commercial farming in South... 

Land reform necessary as small-scale farming is essence of economy
Photo by Duane Daws
Martin Mohale

Global agriculture forum seeks innovative ideas in Africa competition

By: Megan van Wyngaardt     8th June 2015 The organisers of the first regional Global Forum for Innovations in Agriculture (GFIA) Africa, to be held at the Durban Exhibition Centre, in KwaZulu-Natal, in December, have issued a call for innovators to submit entries on game-changing innovations. “This opportunity is aimed at any companies,... 

Global agriculture forum seeks innovative ideas in Africa competition

Sappi expecting better earnings, but currency movements may impact

By: Sashnee Moodley     29th May 2015 Pulp and paper producer Sappi has increased its net profit for the three months to March 31, by 75% to $56-million, compared with the profit of $32-million recorded in the March 2014 quarter. 

Sappi expecting better earnings, but currency movements may impact
Photo by Duane Daws
LOCAL GROWTH The South African paper business continued to progress with higher volumes, pricing and lower logistics and fixed costs

Sappi lifts Q2 profit by 75% y/y

By: Sashnee Moodley     14th May 2015 Pulp and paper producer Sappi has increased its net profit for the three months to March 31, by 75% to $56-million, compared with the profit of $32-million recorded in the March 2014 quarter. 

Sappi lifts Q2 profit by 75% y/y

25 MW Sappi biomass project added to SA’s growing renewables portfolio

By: Terence Creamer     14th April 2015 Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The value of... 

25 MW Sappi biomass project added to SA’s growing renewables portfolio
Photo by Duane Daws
Sappi Southern Africa CEO Alex Thiel

New tax mooted by DEA could impact negatively on paper industry

By: Kimberley Smuts     27th March 2015 Currently the paper industry is largely responsible for its own collections of recyclable paper needed as a raw material. Owing to transport and labour costs, collection  is an expensive exercise, a situation manufacturers can do little to improve, says Paper Manufacturers Association of South... 

New tax mooted by DEA could impact negatively on paper industry
POTENTIAL CONSEQUENCES There is no guarantee that an EPR tax will feed money back into developing the paper and packaging sector

Paper industry doing well, despite struggling economy

By: Kimberley Smuts     27th March 2015 While the South African economy has been relatively stagnant over the past two years and is not expected to grow much this year – with 2% being an optimistic upward growth projection – the pulp and paper industry is “doing  well under extremely difficult circumstances”, says Paper Manufacturers... 

Paper industry doing well,  despite struggling economy
Photo by Sappi
GROWTH PROJECTION The paper industry’s energy-saving initiatives are paying off amidst South Africa's stagnant economy

Mpact revenue rises to R8.6bn in tough 2014

By: Megan van Wyngaardt     27th March 2015 JSE-listed packaging company Mpact’s basic underlying earnings a share, for the year ended December 31, increased by 15.3% to 269.2c, while revenue increased by 11.9% year-on-year to R8.6-billion, owing to a drop in the oil price, capital expenditure investments and higher average selling prices.... 

Zest WEG signs long-term deal with paper mill

By: Jonathan Rodin     27th March 2015 Following the successful installation of a steam turbo generator set for packaging and paper group Mondi’s Richards Bay facility, motors,  controls, electrical products and solutions provider Zest WEG Group, through its subsidiary Zest Energy, on November 14, 2014 signed a five-year long-term... 

Zest WEG signs long-term deal with paper mill
INCREASED EFFICIENCY The 48 MW TGM multiextraction condensing steam turbine rotor, which is designed to maximise efficiency and power generation capability

Industry body prioritises education, empowers full-time employees

By: Kimberley Smuts     27th March 2015 In an effort to replace the old N-level courses previously offered by former further education and training colleges, the Paper Manufacturers Association of South Africa (Pamsa), in partnership with the Fibre Processing and Manufacturing (FP&M) sector education and training authority (Seta) and... 

Industry body prioritises  education, empowers  full-time employees
RECYCLING REWARDS One tonne of recovered paper saves three cubic metres of landfill space, reducing costs for municipalities

Agribusiness push continues as govt seeks to bolster economic growth, job creation

By: Tracy Hancock     27th March 2015 In 2015, government continues to stress the agroprocessing agenda in an attempt to bolster economic growth and job creation, while also securing South Africa’s future food requirements, in an economy that fell short of its growth target in 2014, achieving 1.5%, after initially being forecast to... 

Agribusiness push continues as govt seeks  to bolster economic growth, job creation
Photo by Duane Daws
AGROPROCESSING DRIVE The Department of Trade and Industry has invested about R1.2-billion into the agroprocessing industry since 2009

Automation improves wood treatment processes

20th March 2015 In their quest for accuracy, chemical specialists from wood preservative chemicals company Dolphin Bay Chemicals have taken an innovative approach to determining the correct solution strength of Permacure CCA, which is a wood preservative, which involves using existing technology and adapting it... 

Automation improves wood treatment processes
Photo by Duane Daws
AUTOMATED PROCESS The titration process has been automated to ensure the adequate retention of Permacure CCA in timber

African CEOs keen to expand agribusinesses into other African countries

By: Tracy Hancock     13th March 2015 African agribusiness CEOs are very positive about the possibility of expansion into African countries outside their own, with 72.7% indicating that they would pursue such opportunities, finds PwC’s Agribusinesses Insights Survey 2014/2015. “African CEOs identified the following as countries where... 

African CEOs keen to expand agribusinesses into other African countries

Industrial holdings group restructures amid tough economic climate

By: Schalk Burger     13th March 2015 JSE-listed industrial group KAP Industrial Holdings delivered robust interim results, owing to active restructuring of its divisions, cost-savings measures, improved efficiencies and the implementation of new technologies in its industrial division. The group also reduced its gearing ratio from... 

Compact housing launched onto national market

By: Dylan Slater     27th February 2015 Grabouw-based timber homes company Rustic Homes last month launched a rustic modular-design luxury housing solution, the Eco Cabin, which uses locally available materials unique to the Western Cape, onto the national market. 

Compact housing launched onto national market
MODULAR DESIGN The small cabin is premade in Rustic Homes’s factory in Elgin, about 70 km south-east of Cape Town

Packaging paper drives 10% FY profit gain for Mondi

By: Natalie Greve     24th February 2015 While Mondi’s revenue for the year ended December 31, at €6.4-billion, remained largely unchanged year-on-year, the international paper and packaging group succeeded in lifting overall profit up 10% to €767-million for the 12 months, leveraging strongly off acquisitions and a solid showing by the... 

Packaging paper drives 10% FY profit gain for Mondi

Bamboo group receives $8.6m cover for sustainability project in E Cape

By: Tracy Hancock     24th February 2015 The Multilateral Investment Guarantee Agency (MIGA) is providing $8.6-million to US-based EcoPlanet Bamboo Group, covering an equity investment by the company in EcoPlanet Bamboo South Africa, to contribute to sustainable agricultural development in the Eastern Cape. MIGA, the political risk... 

Bamboo group receives $8.6m cover for sustainability project in E Cape

York expects 425% rise in H1 earnings

By: Natalie Greve     20th February 2015 York Timbers expects its earnings a share and headline earnings a share for the six months ended December 31 to jump by between 425% and 445% to between 21c and 21.8c. Operating profit was likely to be between 55% and 65% higher than that reported for the first six months of the prior financial... 

York expects 425% rise in H1 earnings

Sappi cuts debt to below $2bn

By: Natalie Greve     10th November 2014 Pulp and paper producer Sappi’s earnings before interest, taxes, depreciation and amortisation (Ebitda), excluding special items, have increased 25% to $658-million for the year ended September 30, on the back of a strong fourth quarter. Special items included a charge of $32-million, comprised... 

Sappi cuts debt to below $2bn

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