EcoPlanet Bamboo sets 1 million-acre reforestation goal
After concluding a first phase of growth that involved the strategic reforestation of 10,000 acres of degraded land, EcoForest Bamboo is raising the bar to 1 million acres to mark its latest goal.
“While our achievements to date are still a long way from our 1,000,000 acre goal, they have proved not only that we can, but that we are committed to industrializing bamboo in a way that benefits the local community, is environmentally positive, and enables the feedstock security that multinational corporations require to ultimately move away from unsustainable logging practices, and make the switch to an alternative fiber,” said Troy Wiseman, CEO of EcoPlanet Bamboo Group.
The company’s initial reforestation effort, which took place in Central American and Southern Africa, was aimed at demonstrating the commercial viability of bamboo as a wood alternative in varied climates. The company also gained accreditation from the World Bank and the World Wildlife Fund, among other institutions.
The second phase of growth will be concentrated in Southeast Asia, Brazil and Africa, and will be split into smaller dedicated plantations of 25,000 – 100,000 acres.
Masonite’s sales up 4.7% with net income loss in Q2
Masonite’s second quarter results pointed to strong year-ago gains of 4.7% to $453.1 million in net sales, though the company sustained a loss in net income.
Specifically, net income loss attributable to Masonite totaled $1.21 million, a gain compared to 2012’s Q2 loss of $3.89 million.
“Second quarter results reflect a strengthening U.S. housing market and on-going benefits from our strategic tuck-in acquisition program,” said Fred Lynch, president and CEO of Masonite. “Pricing actions taken in the first quarter led to improvements in the average unit price achieved in North America. Also, our decision to proactively discontinue certain unprofitable product lines and exit select markets in Europe also contributed meaningfully to second quarter results.”
Masonite’s position in Q2 was strengthened by other meaningful expansions, including its recent acquisition of the door manufacturing operations of the Chile-based Masisa S.A.
Plum Creek Timber creates new post for Punke
Plum Creek Timber appointed Timothy Punke as senior VP, corporate affairs and public policy, effective Oct. 1.
His responsibilities will include oversight of government relations, communications, sustainability and environmental affairs. He will report to CEO Rick Holley.
Before being tapped for the newly created position, Punke served in a variety of leadership roles during his nearly 20-year career in federal government affairs and communications. He joins Plum Creek from Monument Policy Group, a bipartisan public policy consulting firm with offices in Washington, D.C., and Seattle, and was previously a partner at the law firm of K&L Gates
“Tim’s breadth of experience and expertise in the corporate affairs and public policy arenas make him an excellent addition to our leadership team,” said Holley. “The creation of this new position underscores the increasing importance of these functions in helping achieve corporate objectives, and the role Plum Creek and the industry can serve in helping address multiple challenges and opportunities, such as those related to the economy, energy and climate.”
Punke earned a Bachelor of Arts and Juris Doctor from Cornell University.