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| Industry News |
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|  | Potlatch to apply two sustainability reviews on Idaho timberland
The company yesterday said it would use both the Sustainable Forest Initiative and the Forest Stewardship Council program on the land. It marks the first time the two programs have been compared on private forest land. The Idaho Statesman (Boise) (3/21) |
| | Mortgage rates up on war moves
Mortgage interest rates rose across the board, with experts cautioning that a prolonged war could trigger a host of problems for the booming U.S. housing market. The average interest rate on a 30-year fixed-rate mortgage increased to 5.79%, compared with a 5.61% average last week. Inman News (subscription required) (3/20) |
| | Timber bills won't pass easily in California
The state forestry association says the package of 10 bills that restricts clear cuts and adds water protections, would spell "complete devastation for our industry." Other bills in the package would create a tax on wood products and a ban on cutting trees over 150 years old. San Francisco Chronicle (3/20) |
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| Public Policy |
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| | Officials: No talks planned in softwood lumber dispute
A group of wood manufacturers today are meeting with government staffers in Washington, D.C. A USDA report says at least 119 U.S. mills have closed because of the ongoing dispute over softwood lumber trade between Canada and the U.S. The Seattle Times (3/21) |
| | Ridge argues industry should pay for cargo safety
Speaking before the House Appropriations Committee, the Homeland Security secretary argued that trucking and rail companies should pay the expense to protect assets and better track containers once they are in the country. "That should be part of an operating expense in the post-9/11 world," he said. The Commercial Appeal (Memphis, Tenn.) (free registration) (3/21) |
| Forestry & Wood |
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| | Maryland regulators deny exclusions on mold claims
The Maryland Insurance Administration denied a request by insurers who wanted to exclude mold coverage. However, the state will allow caps on claims. Cleaning & Maintenance Management (3/20) |
| Pulp & Paper |
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| | Stora Enso works on reorganizing
The focus will be on the core product areas of paper, packaging and forest products, the company says. The company also says it hopes to boost growth in North America, Asia Pacific and Latin America. TAPPI (3/21) |
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|  | | Interested in learning more about advertising in the AF&PA SmartBrief? Contact Matt Kavney at (202) 737-5500 x244 or mkavney@smartbrief.com.
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| Science & Technology |
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| | Staples commits to green power
The company joined the Green Power Market Development Group and will use renewable energy sources for 5% of its power needs by the end of this year. Other members of the group include Alcoa, Kinko's and Pitney Bowes. GreenBiz.com (3/19) |
| International |
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| | Ilim Pulp says ownership dispute has been resolved
Russia's largest pulp and paper company yesterday announced an initiative to attract foreign investment. The company has been mired in court cases and hostile standoffs over some production facilities, but now says those issues are resolved. Boston.com/Associated Press (3/20) |
| | Asian exporters worried by war, but markets rally
Companies may see fewer orders from overseas if the conflict with Iraq continues. But many overseas traders are banking on a quick, decisive coalition victory and that no retaliatory strikes hit the region. Newsday (Long Island, N.Y.)/Associated Press (subscription required) (3/21) |
| AF&PA News
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| | Stop the double taxation of corporate dividends and keep us on the job
The paper and forest products industry pays the second highest effective tax rate in the world. The double taxation of corporate income is a major reason and it makes us less competitive in the global marketplace and costs jobs. Send your elected officials a letter asking them to stop the double taxation on dividends by supporting the President's economic growth plan online here. For more information, contact Katy Moffett at (202) 463-2755. |
| | EEAA Program accepting entries
Entries are now being accepted for the 30th Annual AF&PA Environmental & Energy Achievement Awards Program. The program recognizes those companies that are contributing significantly to advances in the practical application of new and improved environmental and energy technology. This year's program features the prospect of two awards -- one for companies with 2002 net sales of $100 million or less and one for companies with 2002 net sales of more than $100 million. The deadline for entries is April 11. Copies of the entry forms may be obtained at AF&PA's Web site. Contact: Kathy Zelaya (202) 463-2435. |
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