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December '99 Headlines

Southern Hemisphere Pulp and Paper State the New Millennium Nudging US$8 billion in Revenue

The December edition of the Southern Hemisphere Forest Industry Journal features

The annual Survey of Pulp and Paper in the Southern Hemisphere.

Two key findings to come from the survey are:

  1. The large amounts of revenue pulp and paper is generating for companies and shareholders.  We estimated US$7.5 billion from public companies alone.

  2. The important role pulp and paper companies play in generating export revenue for the countries of the Southern Hemisphere - nearly US$3 billion for the main countries surveyed.

Summaries are provided of country-by-country performance and details are provided of company developments.


South Africa:

  • The main focus in South Africa is on progress in the Government’s privatisation of State forests.   Some sales have been made but key forests are unsold.  We include a list of bidders and bids.


  • The US company Weyerhaeuser outlines its strategy following investments in New Zealand and subsequently in Australia.

  • Boral Timber has secured woodchips for its Tasmanian plants following a A$13.5 million deal involving a Japanese consortium and the State’s Forestry Tasmania.

  • We report on progress on the Regional Forest Agreements.

  • CSR Limited reports a positive result, and remains seen as a takeover target.

  • Gunns is buying Boral’s hardwood and sawmilling business.

New Zealand

  • In a slightly unusual move, Carter Holt Harvey is seeking investors for a sawmill it plans to build adjacent to a new laminated veneer lumber (LVL) plant in Northland.

  • The Government Labour Government is taking a hard line on controversial deals done by Timberlands West Coast which were said to be models of sustainable native logging.

  • Fletcher Challenge Paper has sold a eucalypt resource it had been building up, but has supply agreements.

  • Rotorua-based forest management company, PF Olsen Ltd, has opened up shop as an application service provider, providing the base computer network for small to medium sized companies.

South America

  • The trade in Argentine forest products continues to climb, with Mercosur being the main partner.

  • A new US$14 million sawmill is planned in Misiones, Argentina, along with a planting programme.

  • Visitors from a number of countries have been reviewing the Argentine’s forestry prospects.

  • Chilean interests continue to investment in the development of forestry in Argentina.

  • Added value exports from Chile have continued to grow, although some sectors suffered following the Asian economic crisis.

  • Masisa, Latin America’s leading panel and board manufacturer, has reported a positive result for the year ended 30 September 1999.


Exporters look set for a New Millennium party of their own.  Millers has shrugged off the blues of 1998/99 and have a more positive attitude.  This is in spite of a slump in some prices for products sold in the US, and the knowledge that a hangover generally follows the party.


The Southern Hemisphere Pine Price Index is the average of all prices for pine lumber across the main forestry countries of the South.  Available to subscribers.


Southern Hemisphere Forestry

Postal Address: P.O Box 6215,
Whakarewarewa - Rotorua - 3220 - New Zealand.

Street Address: 5 High Street,
Rotorua - 3201 - New Zealand.

Phone: ++64 7 349 4107 - Fax:++64 7 349 4157
Mobile:025 927 158 .

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