NEWS

A consortium has paid $1.8 billion for a block of U.S. hardwood forests, the largest bet yet on forest carbon markets. The consortium is acquiring and managing timberland to maximize how much carbon is stored in the standing trees, rather than sustainably managing the forest for harvest.

Resources:

Decorative Hardwoods Association (formerly HPVA) eNews Volume XV, Issue XXI: USTR Reviews Tariffs On Hardwood Plywood, Wood Flooring From China | DHA Talks Trade, Highlights Benefits Of Decorative Hardwoods | Kitchen Cabinet Sales Continue Strong Growth | U.S. Imports Of Hardwood Plywood Soar

How many tree species are there in the world?

Answer: There are more than 60,000 tree species worldwide.

Source:

NPR: There Are More Than 60,000 Tree Species Worldwide, Scientists Say

Hardwood plywood has been regulated to control formaldehyde for several years. Beginning on March 22, 2024, laminators will become subject to the panel producer provisions. Capital Testing and KCMA have provided helpful guidance that emphasizes the need to get started early to meet requirements. Laminators who need certification or want more information can contact Josh Hosen at Capital Testing.

The Real American Hardwood Campaign initiative continues to gather steam. Attendees of the National Hardwood Lumber Association convention saw a preview of the three-year marketing strategy to make Real American Hardwoods an iconic brand. The Real American Hardwood Campaign initiative was also highlighted at the 2022 DHA Annual Meeting in May.