News archive

February 2018

Indonesia’s afforestation efforts pay off, as tree felling rate goes down 20%


Indonesia has reported a significant decline in deforestation is the past years. In a recent statement to the press, the Minister of Environment and Forestry, Siti Nurbaya, said total deforested area between 2016 and 2017 was recorded at just over 496,000 hectares, a 20 per cent fall compared to the 630,000 hectares in the period 2015-2016. Siti …

Editor’s pickAmerican hardwood lumber exports to Asia surge 17% in 2017

AHEC, American hardwoods, oak

American oak veneer being prepared in a factory in Vietnam. Image: Turnstone Singapore   The full year of 2017 saw the largest exports ever on record for American hardwoods, with an increase of 17 per cent by value for lumber over 2016, according to new data from the American Hardwood Export Council (AHEC). That gives the American hardwood …

Editor’s pickModular multilayer floorings continue to expand through innovation


Modern multilayer collections are often characterised with high-quality finishes. Image credit: Classen Product development in the multilayer segment is progressing at high speed, and with new variants quickly making themselves known in the industry, further refinement of Multilayer Modular Glooring Association (MMFA) product classes may be …

Mirach Energy moves to expand core business by acquiring interest in timber firm


According to The Business Times, CPHL (HK) Limited, the wholly-owned subsidiary of Mirach Energy, an oil and gas exploration company, will acquire a 70 per cent equity interest in RCL Kelstar Sdn Bhd in order to develop a multi-storey project in Malaysia, as stated in a Singapore Exchange filing. CPHL and RCL have entered a memorandum of …

Ghana launches first wood and furniture testing centre


Ghana has established a wood and furniture testing centre at Fumesua, near Kumasi, as part of efforts to promote more value-added products and improve the quality of local furniture. The new centre will enable growth of the sector through efficient utilisation of wood species, product development and standardisation. It was set up by the United …

Peru vulnerable to illegal timber as authorities weaken rules and inspections: EIA


Peruvian forest authorities are weakening the tools and inspections necessary to prevent illegal timber trade, in the face of overwhelming evidence that Peru’s exports to the United States, China, Mexico and 15 other countries contained high percentages of illegal or high-risk wood. Moment of Truth, a new report from the non-profit …

WMF2018: New dates and venue bring visionary future to industry


From 2018, the International Exhibition on Woodworking Manufacturing Equipment (also known as “WMF”) will be co-organised concurrently with CIFF (Shanghai) from 10 – 13 Sep at the National Exhibition and Convention Center, in Shanghai Hongqiao. The new strategic cooperation will demonstrate Asia’s largest furniture and …

Editor’s pick‘Expect significant changes in Dubai’s property market’: Deloitte


2018 will be a year of change for Dubai’s real estate market. Across the hospitality, residential, retail, office and industrial segments, events such as the introduction of Value Added Tax (VAT) and 3D printing will transform the property sector, according to a new report from Deloitte. “Developers, operators and investors will need …