News archive

Tag: investment

New Forests Asia attains Capital Markets Services Licence

11-06-2020
New Forests Asia (Singapore), Capital Markets Services (CMS) Licence, forestry investment

New Forests Asia (Singapore) Pte Ltd announces its newly attained Capital Markets Services (CMS) Licence, bolstering its capabilities as a Singapore-based fund manager. The CMS Licence enables New Forests Asia to conduct funds management for accredited or institutional investment clients. “We feel it is beneficial to be licenced here in …

India government to consider investing US$10 to $11 billion to boost domestic production of furniture

09-06-2020
India, government, investment, furniture production

The government of India is considering proposals to invest US$16 to $17 billion to boost domestic production of various consumer items, including furniture, air conditioners and its components, and leather footwear. This is to reduce import dependence and increase exports, other measures may include duty hikes, reported Times of India on 3rd of …

New Forests converts $1.3 billion Australian Forestry Fund to long-term mandate

12-05-2020
International forestry investment manager, New Forests, extension, forestry management fund

International forestry investment manager New Forests announced the extension of its flagship forestry fund, the Australia New Zealand Forest Fund (ANZFF). Originally launched in 2010 as a 10-year, closed-end fund, ANZFF was converted into an extended long-term vehicle by agreement of the institutional investors in the fund. The extension includes …

European Space Agency co-funds €1mil for demo project by Finnish-German startup, combining AI and satellite data for modernising forestry

22-04-2020
Finnish-German startup CollectiveCrunch, European Space Agency, AI, digitalising forestry, forest planning, investment, management

The Finnish-German startup CollectiveCrunch will use the funding to further develop its one-of-a-kind Artificial Intelligence(AI), Linda Forest, and bring its service to new markets. The European Space Agency (ESA) has confirmed that it will co-fund a demonstration project of CollectiveCrunch, the Finnish-German leader in AI for the forest …

Chinese cabinetmaker considers US$86 million investment in North Carolina

21-02-2020
Chinese company, GoldenHome, cabinetmaker, investment, U.S., North Carolina, new plant, cabinets, wood products

Chinese cabinetmaker GoldenHome may consider investing US$86 million in a new manufacturing plant near Charlotte, North Carolina, reported Woodworking Network. The city of Concord is expected to vote on a major tax incentive package for the company soon, which would include a $803,515 grant given over five years. The investment would create 256 …

Freres Lumber Installs First Horizontal Plywood Press from Taihei in the United States

04-02-2020
Freres Lumber, first, horizontal plywood press, United States, Taihei, innovation, latest investment, technology, plywood, long-length panels

Freres Lumber is the first U.S. company to install and operate the Taihei Horizontal Press Model P25-AB, a horizontal hot press for laminating plywood after the gluing and prepressing processes. In keeping with its history as a leader in early adoption and innovation, Freres is already reaping the numerous benefits the horizontal press offers over …

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