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Tag: market

Indonesia's panel sector hard hit by COVID-19 pandemic

18-11-2020
Indonesia, panel, market, COVID-19

The Indonesian Wood Panel Association (Apkindo) has said the Indonesian wood panel industry has been hard hit by the impact of the pandemic and forecasts that production this year will be down by nearly a quarter. Panel production in the first nine months of the year fell 24% to 2.35 million cubic metres. Adding to the concern of Apkindo is the …

HOMAG Group sees signs of recovery in Q3 2020

10-11-2020
HOMAG Group, market

In the third quarter of 2020, the HOMAG Group recorded a significant improvement in order intake (+41%) and an economic recovery compared to the second quarter of 2020. Nevertheless, the nine-month figures are also affected by the COVID-19 pandemic. "Like the entire machinery industry, we are still noticing the effects of the Corona pandemic," …

ITTO: EU plywood trade recovery faster than expected

12-10-2020
Europe, plywood, import, distribution, market

It’s still too early to say for sure, but it’s variously estimated by European plywood importers and distributors that the Covid-19 pandemic will slice 10% to 20% off their 2020 bottom line, reported the International Tropical Timber Organization (ITTO).  Trade has since seen a bounce back, varying in degree from country to …

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 …

Vietnam wood and wood product export earnings see 6% growth in first four months of 2020

19-05-2020
Vietnam, wood and wood products, export, earnings, markets, performance, first 4 months, 2020

Vietnam’s coronavirus situation in control After a week with no new corona cases Vietnam's government eased its 22-day social distancing requirement on 23 April allowing some businesses to reopen. Vietnam acted very fast when the virus outbreak was detected in China by closing the border, reported ITTO. With only 288 confirmed corona cases …

China’s housing sales in Q1 2020 down 8 percent but sees steady revival in March

04-05-2020
China, housing market, furniture retail, property sales, revival, coronavirus, Q1 2020

In a press release, China's National Bureau of Statistics reports that in the first quarter 2020, investment in real estate dropped almost 8 percent year on year. However, China’s residential housing market began a steady revival in March as real estate companies reopened across the country following the easing of the nationwide shutdown, …

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