News archive

INDIAWOOD 2016: 650 exhibitors to showcase furniture and woodworking innovations

11-02-2016

Over 650 domestic and international companies will be at INDIAWOOD from 25 – 29 February 2016 at the Bangalore International Exhibition Centre (BIEC). The 9th edition will feature furniture production technologies, woodworking machinery, tools, fittings, accessories, raw materials and products. Over 40,000 individuals from the global …

U.S. imports of Brazilian tropical hardwoods up 45%

11-02-2016

U.S. imports of Brazilian hardwoods were up 45% in November compared to the previous month. Species in demand were mainly Jatoba and Virola. Tropical sawn wood imports from most other suppliers were down in November. Malaysian shipments to the U.S. fell by almost half, but year-to-date imports were higher than last year. The U.S. imported 1,039m3 …

New timber rule will make Australia’s mid-rise apartments more affordable

05-02-2016

Australia’s new building code, which now allows timber buildings up to eight storeys, is expected to make mid-rise residences more affordable as construction cost is cut by up to 25%. Managing director of FWPA, Ric Sinclair, said since the change allows developers to explore new options, timber buildings will be quicker and cheaper to build …

Editor’s pickAnalysis: The Trans Pacific Partnership

05-02-2016

Singapore, one of the busiest ports in the world. Image: "Port of Singapore" by Noee is licensed under CC BY 2.0 The Trans Pacific Partnership was signed by representatives from its 12 member nations in Auckland, New Zealand, on Feb 4. They now have two years to ratify or reject the pact. The 12 countries—consisting Australia, Brunei, …

New research partnership to explore industrial wood preservation

05-02-2016

The Innovative Cities (INKA)research programme of the Finnish Funding Agency for Innovation, Tekes, has granted 450,000 euros of funding to the Nanotech-driven bio-preservation of wood (SafeWood) project carried out in cooperation between the University of Eastern Finland, the University of Oulu and the Natural Resources Institute. Wood …

APP Timber secures PEFC Chain-of-Custody certification

04-02-2016

Lumber importer and distributor APP Timber has been awarded PEFC CoC 'multi-site' certification. The award means that the company can sell PEFC-certified products to any port in Asia, as well as directly from its warehouse in Malaysia.  "The demand for PEFC certified products is rising and we are proud to be PEFC’s …

Brazil timber sector likely to focus more on export this year

04-02-2016

2016 may be a tough year for Brazil’s timber sector as sluggish demand from the domestic market is expected to continue, prompting many manufacturers to turn to export, according to ABIMCI. The Brazilian timber sector has seen mixed performance in 2015 due to rising production costs, volatility in the US dollar exchange rate, and poor …

UPM sales increase 2% in 4Q/2015

03-02-2016

UPM reported a 2% increase in revenue to EUR 2,574 million in 4Q/2015. Sales grew in UPM Biorefining and UPM Raflatac but declined in the other business areas, according to a company press release. 4Q EBITDA increased to EUR 363 million (14.1% of sales) from the Euro 334 million (13.2% of sales) during this period. Reported operating profit was …

Norbod to invest GBP95 million in Scotland

02-02-2016

Norbord will invest £95 million to modernize and expand its OSB mill in Inverness, Scotland, nearly doubling its capacity to 640,000 cubic metres. The investment will allow the Canadian company to increase massively the production of panel products to serve the European marketplace. Over the past …