News archive

2020

New Zealand: New construction policy will deliver more timber use

09-07-2020

The New Zealand Forest Owners Association (FOA) says that the Ministry of Business, Innovation and Employment's (MBIE) announcement of "Building for Climate Change" will mean that more timber will be used in New Zealand construction. FOA President Phil Taylor says that he’s been waiting three years for the government to announce a wood …

BNL BNP Paribas Group: 50 million euros to Biesse Group

07-07-2020

BNL BNP Paribas Group has structured a 50-million-euro positive loan in favour of Biesse Group, a multinational company based in Pesaro with four business divisions, 12 production sites and 39 subsidiaries and representative offices worldwide. BNL's positive loan is an innovative form of financing whose economic conditions further improve upon the …

IFMAC & WOODMAC postponed to 12 to 15 October 2021

06-07-2020

The International Furniture Manufacturing Components and Woodworking Machinery Exhibition (IFMAC & WOODMAC) 2020 edition will be postponed to 12 to 15 October 2021. PT Wahana Kemalaniaga Makmur (WAKENI), IFMAC & WOODMAC’s organizer and its industry partners, including Deutsche Messe representing LIGNA, have conclusively decided …

Axel Steiger appointed new CFO of WEINIG AG

06-07-2020
WEINIG, Management

At its last meeting, WEINIG’s Supervisory Board appointed Axel Steiger as its new Chief Financial Officer, succeeding former CFO Gerald Schmidt. Working alongside Chief Executive Officer Gregor Baumbusch and Chief Technology Officer Dr Mario Kordt, Steiger is responsible for the finance and accounting division. He took office on 1 July …

Editor’s pickBIFA WOOD Vietnam postponed to 11th to 13th March 2021

02-07-2020
Vietnam, BIFA WOOD, Exhibition, COVID-19

BIFA WOOD Vietnam was scheduled to be held from 27th to 30th October 2020. However, due to the uncertainty surrounding the COVID-19 pandemic, the exhibition has been postponed to 11th to 13th March 2021. The postponement seeks to protect the safety and well-being of all exhibitors, sponsors, delegates, trade attendees and staff, as well as to …

Brazilian exports of wood-based products dropped 13.5% in May

02-07-2020

In May 2020, the value of Brazilian exports of wood-based products (except pulp and paper) dropped 13.5% compared to May 2019, from $273.3 million to $236.3 million. The value of pine sawnwood exports declined 9% between May 2019 ($47.7 million) and May 2020 ($43.3 million). In terms of volume, exports increased almost 7% over the same period, …

Chinese flooring firm CFL to invest over $70 million in Georgia

01-07-2020
United States, Georgia, Flooring

United States governor Brian Kemp has announced that Creative Flooring Solutions (CFL), a Chinese manufacturer of laminate, wood, and luxury vinyl flooring, will invest more than $70 million in a new manufacturing facility in Calhoun, Georgia. This move will create 300 jobs for Georgians. CFL will locate to a newly constructed 252,000-square-foot …

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