News archive

China: Wood imports prices decline

04-01-2016

China’s log imports fell 14% to 34.21 million cubic metres while sawnwood imports rose 4% to 19.9 million cubic metres in the first three quarters of 2015, according to China Customs. Plywood imports dropped 10% to 117,200 cubic metres, while fibreboard imports fell 7% to 161,600 cubic metres. Both OSB and …

US hardwood lumber exports to MENA up 18%

04-01-2016

US hardwood lumber exports to the Middle East and North Africa (MENA) totaled $66.25 million in the first three quarters of 2015, up 18% over the same period last year.  The volume of the exported US hardwood lumber hit 81,402m3, according to the American Hardwood Export Council (AHEC). Data released from the United States …

Sumitomo buys Nelson forests for $370m

04-01-2016

Japanese conglomerate Sumitomo has acquired 30,000 hectares of Nelson region pine forests from Hancock Forest Management in New Zealand in a $370 million deal, giving its Richmond timber processing plants long-term security of supply. Sumitomo owns Nelson Pine Industries (NPI), which produces large export volumes of medium-density fibreboard …

Egger releases half year results

04-01-2016

EGGER concludes the first half-year with sales of EUR 1.19 billion (previous year: EUR 1.16 billion); the half-year balance of 31 October 2015 showed a sales increase of 2.7%.  The EBITDA, at EUR 172.2 million Euro, was maintained at a similar level to the previous year's high of EUR 172.6 million. Equity ratio fell marginally in comparison …

Editor’s pickRebuilding the market for North American hardwoods in China

04-01-2016

Sometime in March last year prices of North American hardwoods started to fall rapidly. Many dealers in China took this as a sign of a weakening market and started to sell whatever stock they had on hand. Others panicked and followed. The result was mayhem. This trend was in contrast to the good times in 2013. Prices were rising then, which saw …

Japan plywood imports up 7% in October

31-12-2015

Japan's October year-on-year plywood imports were up 7%, the third consequetive rise in imports from Malaysia and Indonesia, according to the ITTO.   Japan’s three major plywood suppliers are China, Malaysia and Indonesia. Imports from China were down 26% while shipments from Malaysia rose 22%. Japan’s …

Tece Dekor: Veneer edgebanding in three layers

30-12-2015

Veneer is natural and its production requires attention at each step. To produce three layers of veneer edgebanding, continuous veneer rolls are laminated together with PVA glue. The layers of veneer are put together with a special lamination machine with high pressure. The colour of the layers matches from the side; A+ quality is used for the top …

Vietnam-China wood products trade reaches US$425 million in 1Q/2015

30-12-2015

Vietnam’s wood product exports to China reached US$425 million in the first half of 2015, despite China's apparent trade deficit with Vietnam, according to the Secretary General of the Vietnam Wood and Forest Products Processing. Between 2012 and 2014 Vietnam exported an estimated US$1 billion of wood products to China, making the …

CTI chief: 2016 plan will address existing skills gap in timber industry

29-12-2015

The UK Confederation of Timber Industries will focus on developing industry skills to address existing skills shortages and gaps in the education system as part of its strategic plan to enable future growth within the industry. CTI chief executive Dirk Vennix said that Proskills has been commissioned to assess industry needs and where required …

China the largest importer of Congo Basin timber

29-12-2015

China has become the largest importer of timber from the Congo Basin with some 2.9 million cubic metres (RWE) bought in 2014. This amounts to over 75% of total timber exports from the Congo Basin and exceeds the two million cubic metres imported by member states of the EU. In 2014 China imported 95% of all logs produced in Equatorial Guinea, 85% …

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