News archive

Namibia: N$24 million Lost in Timber Exports

15-05-2019
Namibia, timber, forestry, export, China, Vietnam

A new report has exposed the Namibian government's failure to curb the controversial timber trade, with revelations that 10,000 blocks of wood from northern Namibia have been exported to China and Vietnam since November 2018. Agriculture and environment ministries officials compiled the report after investigating timber harvesting in the Kavango …

Accsys to evaluate a Tricoya plant in Malaysia

14-05-2019
Accsys, Malaysia, new plant

Accsys, the fast growing and sustainable chemical technology group, recently confirmed that it was exploring opportunities for new manufacturing plants outside Europe. Its subsidiary, Tricoya Technologies Limited (“TTL”), has now entered into an agreement with PETRONAS Chemicals Group Berhad (“PCG”) to evaluate the …

Hardwood Federation: various species of hardwoods likely impacted by latest retaliatory tariff increase by China

14-05-2019
U.S. China tariff war, latest development

China's Ministry of Finance announced this morning that it would increase tariffs on 5,140 U.S. goods starting on June 1 in retaliation to U.S. increases on Chinese products last week.  Many if not all the impacted products were identified for 25 per cent tariffs in late December, but were frozen at five to 10 per cent in light of positive …

Log costs, wildfires cited in decision to close B.C. sawmill

13-05-2019
sawmill, Canada, lumber

The mayor of Quesnel says the closure of a sawmill in his community is a necessary if difficult step toward keeping British Columbia's forestry industry alive. Bob Simpson said lumber processing capacity in the province's Interior has outstripped a supply ravaged by pine beetles, wildfires and overharvesting. "Mills have to close, the total …

Swamp kauri unearthed at Auckland construction site

10-05-2019
timber

More than 20 pieces of swamp kauri, one of the world's most expensive timber, have been unearthed at an Auckland construction site. Construction workers at the site of what will be New Zealand's largest retail store in Henderson, West Auckland, made the discovery of a "significant cache" of swamp kauri, which can be valued up to $10,000 (SGD …