News archive

AHEC’s American red oak campaign at VIFA

21-03-2018

Regional director of AHEC, John Chan (R), with Rita Mak (L). Image credit: Turnstone, Singapore Opening with a spectacular cultural show in the presence of Deputy Minister of Agriculture and Rural Development, Mr Ha Cong Tuan, the successful annual VIFA in Ho Chi Minh City, Vietnam, saw the American Hardwood Export Council (AHEC) launch its new …

MTC appoints Richard Yu as CEO

20-03-2018
MTC, Richard Yu, Malaysia, timber

The Malaysian Timber Council has appointed Richard Yu Tuan Chong as Chief Executive Officer effective 13 March 2018. MTC Chairman Dato’ Gooi Hoe Hin said Yu’s appointment was unanimously decided by the MTC Board of Trustees with the approval of the Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong. Yu …

EGGER breaks ground in North Carolina, heralds a new chapter in USA

20-03-2018
Egger, USA

EGGER broke ground on its North American corporate offices in North Carolina’s Davidson County. The office building, which is scheduled for completion in early 2019, will house EGGER’s North American future office staff. This building also lays the groundwork for future plant operations, which includes an ultramodern particleboard …

Global lumber and timber markets closed 2017 with new highs

20-03-2018

 Around the world, the global timber markets saw an increase in prices, with the Global Sawlog Price Index (GSPI) rising to US$76.34 per m³ in the final quarter of 2017, up one per cent from 3Q/2017. With this consecutive fourth quarter-on-quarter rise, the GSPI has shot up 9.8 per cent in a year. Meanwhile, according to Wood Resource …

Russia dominates China’s sawn softwood market

19-03-2018

Softwood sawn timber from Russia dominated the China market and volumes have been increasing over the years. Exports totalled 14.282 million cubic metres in 2017, a year-on-year increase of 23 per cent. The average price in 2017 was US$83 per cubic metre, up six per cent YoY. In total, sawn hardwood and softwood timber from Russia amounted to …

China: New regulations on harmful substances in imported wood products

19-03-2018

China has rolled out a new regulation aimed at eliminating potentially harmful products from the market, which industry observers say could affect imports of wood products such as fibreboard, laminated wood and wooden furniture entering China after 1 March 2018. The China National General Administration for Quality Supervision, Inspection and …

Tanzania pledges to step up fight against illegal timber

19-03-2018

The government of Tanzania has formed a task force aimed at reinforcing the implementation of the Zanzibar Declaration on Illegal Trade in Timber and Other Forest Products, an official said. The task force, formed in February, comprises forest experts from mainland Tanzania and the Zanzibar archipelago, Zanzibar's Director for Planning, Policy …