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ARGENTINA HAS CAPACITY TO ABSORB $4B IN FOREST INVESTMENTS
Argentina has the capacity to absorb $4,000 million in forest investments in comingyears, according to the country’s forest owners. The AFOA says the sector requiresa law for the promotion of industrial uses of its growing plantation forest resources.The statement says after an annual private-public sector meeting analysingprospects for 2012. The president of Afoa, Jorge Acne, says there was a need for policy to be developed to help the forest sector achieve its potential to add value.Industry growth would have a great impact on regional economies, generatingemployment and sustainable development.
MINISTER CLAIMS ARGENTINA STRONGER IN FACE OF INTERNATIONALCRISIS
Meanwhile, in Argentina, the Minister of Production, Débora Giorgi, has highlightedthe international impact from the public and private debt crisis in contrast toArgentina, where industrial investment secures a productive model and increasescompetitiveness, FAIMA reported. Giorgi said Argentina was very well placed inregards to the international crisis that "here we are with new ideas for new problems,well-placed for what we are going to make." She was speaking at the opening of anew cigarette-making outfit.
MANUFACTURING RESULTS CONFIRM NEW ZEALAND WOOD INDUSTRY’SPROBLEM
Raw logs will continue to be shipped overseas unprocessed unless there is seriousattention paid by the government to the wood processing industry, a union for workers in the sector says. The Economic Survey of Manufacturing reports a 0.7 per cent decline in the volume of wood and paper product manufacturing sales in theSeptember 2011 quarter. The sector has declined five out of the past eight quarters.FIRST Union General Secretary Robert Reid said that exporters of raw logs weremaking money, but many value-added wood processors were downsizing or beingput out of business. “We face the real risk that New Zealand will be unable to fullycapitalise on the processing side of one of our largest industries – forestry.”
NEW SAWMILL CLOSURE ADDS TO GROWING LIST OF NZ WOOD SECTORFAILURES
Meanwhile, the union for wood processing workers is asking how many more millswill close before the New Zealand Government admits there is a crisis. EurocellTimber in Upper Hutt has announced it is shutting down its mill, with the loss of up to40 jobs, saying that a lack of pick up from the Christchurch rebuild, trouble sourcingaffordable logs, a weak housing sector and competition from exporters of raw logswere factors in its closure. “For a number of years now, wood production has beendeclining, sawmills closing and workers have been losing their jobs,” said RobertReid, General Secretary of FIRST Union. “We estimate 1,200 jobs had been lostsince 2008 in the wood processing industry, but that figure could be well under half the real amount when attrition and unreported job losses are taken into account.”