News archive

Europe's forest resources healthy, but climate change may threaten future growth

17-12-2015

Europe's forest resources are in a healthy state despite a 60% - 70% harvest from the net annual increment, according to a State of Europe's Forests report. The report however cautions that the uncertainties of climate change may threaten future growth. "When planning the use of forests, we will have to pay more attention to the effects of …

PEFC: China recognised for efforts in forest certification

17-12-2015

China was applauded for the greatest increase in forest certification by the Programme for the Endorsement of Forest Certification (PEFC) during PEFC Forest Certification Week last week, with an increase of more than 5.5 million hectares of PEFC-certified forest area over the past year. "It is extremely heartening to see China as a new member …

UK: Timber frame to account for 27% of housing starts

17-12-2015

Timber frame is expected to account for 27% of new housing in the UK by 2017, buoyed by a steady increase in housing starts of cagr 2%, according to a new report by the Structural Timber Association (STA). Since 2013, more than 150,000 homes have been built annually, with 184,605 (+3%) new housing starts expected in …

Kastamonu quells rumours of business suspension in Russia

14-12-2015

Turkey-based panel manufacturer Kastamonu Entegre has issued a statement defending its business operations in Russia following rumours that all investment activities will be suspended. "There is no decision to terminate any activity or suspend existing investments in the Russian Federation," said Haluk Yildiz, CEO of Kastamonu Entegre, in a press …

IFFS unveils new highlights for 2016 edition

14-12-2015

Image: The Singapore Pavilion at Hall 4, IFFS 2015/ PHOTO CREDIT: IFFS The International Furniture Fair Singapore 2016 / 33rd ASEAN Furniture Show (IFFS/AFS) returns to Singapore from March 10 to 13 in conjunction with The Décor Show and furniPRO Asia, with a new theme, 'Design, Inspiration, and Trade'. "Good designs stem from …

Eucalyptus, the third most planted species in China

07-12-2015

Currently eucalyptus is the third most available plantation timber in China. The area of eucalyptus plantations is around 4.5 million hectares accounting for just 2% of China's forest area. However, the annual timber output from these eucalyptus plantation will exceed 30 million cubic metres making up around 27% of the annual domestic timber …

Sandvik CFO Mats Backman to step down

07-12-2015

Mats Backman, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave Sandvik to assume the equivalent position as CFO for the automotive safety supplier Autoliv. He assumes the position no later than 1 June 2016. The process to find a successor has been initiated. - I'm grateful for Mats Backman's …

Malaysian furniture exporters benefit from weak Ringgit

07-12-2015

Malaysian furniture exporters are benefitting from the weak Ringgit. At the current rate of over RM 4.25 to the US dollar the Ringgit has weakened around 27% in the year. This year furniture exports were up around 20%. Sales in June were up 18%; 20% in July; and almost 15% in August compared to the same period last year. In …

Latvia's forest exports up 3% in 3Q/2015

07-12-2015

Latvia exported forest products worth EUR 1.532 billion in 3Q/2015, a 3% increase from the year before, according to the Latvian Agriculture Ministry. Exports of timber and related products rose 1.6% year-on-year to EUR 1.305 billion. Major export destinations were the UK, Germany and Sweden. The UK market made up 18.3% of total forest product …