China has long been the country that comes to mind when importers hear the term “manufacturing hub”. And China does still hold some major competitive advantages over its smaller manufacturing counterparts. However with the last few years U.S. tariffs against China there has been a slowdown in the commercial relations…
Boise Cascade Company reported net income of $27.2 million, or $0.69 per share, on sales of $1.3 billion for the 3Q ended September 30, 2019, compared with net income of $13.8 million, or $0.35 per share, on sales of $1.3 billion for the 3Q ended September 30, 2018. 3Q 2019…
German producer prices for commercial wood products continued to fall in October 2019, both year-on-year and as compared to the previous month. Compared to October 2018, only eight of the 26 listed values are positive. The clearest plus are hardwood lumber (apart from oak) as well as doors and ledges. Opposite are…
Logset will establish a sales company called Logset AB Sverige Filial in Southern Sweden in December 2019. The office is nearby Halmstad and will officially open December 2nd, 2019. Logset has sold machines to Sweden through dealers ever since the company was founded in 1992. From now on the sales…
Asia’s biggest notified Imported Timber Conversion Zone, in the district of Kutch (in Gujarat in western India), is struggling, according to a report in The Times of India. A reduction in demand has forced several sawmills to cut production, and the high Goods and Services Tax (GST) and a depreciation…
The Eumabois General Assembly, hosted in Brno by the Czech Association SVDSZ, re-elected Jürgen Köppel as President. The President and CEO of Leitz GmbH & Co. KG, Jürgen Köppel, will continue to contribute his longstanding experience in the woodworking industry to the development and work of Eumabois. Luigi De Vito,…
As Polish media reports, IKEA Industry will close its sawmill in Chociwel in northwestern Poland. According to the company, the sawmill has a sawing capacity of 150,000 m3 and produces 80,000 m3 of lumber per year. IKEA Industry acquired the plant in 1993 and has since carried out several modernizations….
Many timber processing plants in Guangdong Province have stopped or limited their production recently due to local environment protection policy and supervision and this will likely lead to a sharp rise in the price of construction timber in the domestic market. November is the peak season for Guangdong wood processing…
EU imports of flooring products from tropical countries fell a further 4% to 19,700 MT in the first nine months of 2018, continuing a long term decline in response to tough competition from European and Chinese manufacturers and non-wood alternatives, fashion trends favouring temperate timbers, supply constraints, and challenges of…
Vietnam exported wood and wood products valued at US$ 995 million in October 2019, bringing the total export value in the first ten months of 2019 to US$ 8.52 billion, up by 17.8% compared with the same period in 2018. Combined, the US, China, Japan and the Republic of Korea…
