News archive

October 2019

Editor’s pickSiempelkamp’s high-performance short-cycle press for Egger improved efficiency

31-10-2019
Siempelkamp, Egger, short-cycle press, KT700, synchronous pore surface

Optimised pressure distribution, reduced pressing and charging times, differentiated hydraulic control of the press cylinders are some of the advantages of using the short cycle presses made by Siempelkamp. These machines are ideally positioned in the wood-based panel industry due to their performance capabilities and are registering greater …

Raute's 3Q earnings continue to decline

31-10-2019
Raute, earnings, profits, sales, interim report, 3Q

RAUTE CORPORATION - INTERIM REPORT JANUARY 1-SEPTEMBER 30, 2019 - The Group’s net sales, EUR 112.0 million (MEUR 126.8), decreased 12% from the comparison period. Order intake was EUR 130 million (MEUR 138). - Operating profit was EUR 6.6 million (MEUR 11.5), down 42% from the comparison period. The result before taxes was EUR 6.7 million …

Editor’s pickJapan unveils Tokyo 2020 Olympics venue inspired by Japanese architecture

30-10-2019
Japan, olympics, Kengo Kuma, timber, architecture

The Ariake Gymnastics Centre, a venue of the Tokyo 2020 Olympic and Paralympic Games Organisers of the Tokyo 2020 Olympics on Tuesday (Oct 29) unveiled a custom-built US$188 million gymnastics venue inspired by Japanese architecture that uses wood brought from around the country. The futuristic-looking Ariake Gymnastics Centre in central Tokyo …

49 new FDI projects in Vietnam’s wood industry in first five months of 2019

25-10-2019
Vietnam, FDI, development, investment, project, HAWA, International Woodworking Industry Fair, machinery, import, wood processing, exports

In the first five months of 2019, there were 49 new projects investing in the wood industry, of which 32 were from the wood processing sector, equivalent to 73 per cent of total FDI projects investing in the sector last year, mentioned Nguyễn Quốc Khanh, chairman of Handicrafts and Wood Industry Association of HCM City (HAWA). The foreign …

Canfor reports 3Q operating loss of $124 million

25-10-2019
Canfor, third quarter, 2019, operating earnings

Reflecting weak global market conditions and a challenging fibre cost environment in British Columbia (“BC”), Canada, for the 3Q 2019, Canfor Corporation reported an operating loss of $124 million compared to an operating loss of $49.7 million reported for the 2Q 2019.  The material decline reflected significantly lower operating …

Sappi North America partners with American Forest Foundation and GreenBlue on new forest sustainability risk assessment platform

25-10-2019
Sappi North America, American Forest Foundation, GreenBlue, Forest in Focus, sustainability risk assessment, risk profile, forests, forest management, supply chain, digitalisation

Sappi North America, Inc. announced a partnership with the non-profit organisations American Forest Foundation (AFF) and GreenBlue to support the Forests in Focus sustainability risk assessment. Forests in Focus will provide customers, brand owners and investors with user-friendly analyses of the sustainability strengths and risk profile of …

The Philippines’ wood industry can become leading wood supplier with more investments in tree plantations

24-10-2019
The Philippines, wood industry, investment, Philippine Wood Producers Association, PFPA, Philippine Wood Expo 2019, Pasay City

The Philippines could be a leading supplier of wood if the industry were opened up to investment in tree farming as an alternative to cutting down standing forests, the Philippine Wood Producers Association (PWPA) said. “One million hectares can produce something like 300 million cubic metres of wood, so we can be a global superpower in …

Editor’s pickMass timber used in new Nelson airport

24-10-2019
Nelson Airport, New Zealand, mass timber, laminated veneer lumber, sustinable, Studio Pacific Architecture, airport, transport, transportation facility, airport terminal

The opening ceremony for the impressive Nelson Airport was held last week, with Prime Minister Jacinda Ardern unveiling a plaque and receiving a behind the scenes look at the newly completed terminal, reported WoodWeek. Designed by Studio Pacific Architecture and built by Naylor Love in partnership with Gibbons Construction and Fulton Hogan, the …

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