News archive

Tag: 2020

Slower growth in Vietnam’s wood and wood product exports in April 2020

19-06-2020
Vietnam, wood and wood product, trade, export, import, April 2020

Statistics from Vietnam Customs shows that exports of wood and wood products (W&WP) during April 2020 were worth US$697 million, down by a third compared to March but 19% higher than in April 2019, reported ITTO. April wood product(WP) exports, in particular, fell sharply, dropping around 35% to US$434 million against previous month and by …

2020 NHLA Annual Convention & Exhibit Showcase cancelled due to COVID-19

16-06-2020
2020 NHLA Annual Convention & Exhibit Showcase, cancel

NHLA has made the difficult to decision to cancel the 2020 NHLA Annual Convention & Exhibit Showcase as a result of concerns and regulations surrounding the COVID-19 pandemic. The NHLA Board, working together with the Convention and Executive Committees, made this decision after careful and deliberate discussion. Every year, for more …

Vietnam Rubber group aims to increase revenue and profit in 2020

15-06-2020
Vietnam Rubber Group, profits, revenue, 2020

The Vietnam Rubber Group JSC (GVR) targets increases of 8% and 5% in revenue and post-tax profit this year, respectively, reported Vietnam Plus. The information was announced during the 2020 Annual General Meeting of Shareholders (AGM) held in Ho Chi Minh City on June 12. This was the group’s first AGM after moving its listing from the …

North America kitchen cabinets sales down 22% for April 2020

11-06-2020
Kitchen cabinet, sales, April 2020, North America

According to the Kitchen Cabinet Manufacturers Association (KCMA)’s monthly Trend of Business Survey, participating cabinet manufacturers reported a significant decrease in overall cabinet sales of 22% for April 2020 compared to the same month in 2019. Custom sales are down 30.4%, semi-custom decreased 25.4%, and stock sales decreased …

Acimall: COVID-19 heavily impacted 1Q 2020 for the Italian wood furniture technology industry

10-06-2020
Acimall, 1Q 2020, Italian woodworking machinery industry, COVID-19

According to the analysis of data collected by the Studies Office of Acimall, the Confindustria-member association representing the Italian wood-furniture technology industry, findings that confirmed an immediate impact of the lockdown caused by the Covid19 pandemic is unsurprising. The first quarter 2020 closed with a widespread reduction of …

Both Japan’s wooden door and wooden window import values rebounded in March

08-06-2020
Japan, import, wooden doors, wooden windows, 1Q 2020

While the sharp drop in imports of wooden door(HS441820) in February, the rebound in the value in March was more of a surprise. Year on year, the value of wooden door imports in March dropped a further 18 per cent adding to the year on year decline seen in February. For the first quarter 2020 there was a 22 per cent decline in the value of wooden …

Profit margins for lumber producers generally improved in 1Q 2020

05-06-2020
Global market, lumber, sawlog, 1Q 2020

The following report on the global sawlog and lumber market in 1Q 2020 is provided by Wood Resource Quarterly. Global Sawlog Market • There were relatively few price changes for sawlogs throughout the world in the 1Q/20 despite interruptions in trade and uncertainty in short-term lumber demand in many of the key markets. • The Global …

NZ logging halt undercuts strong export month

27-05-2020
New Zealand, log, export, prices, April 2020

Log exports fell sharply in April 2020 after logging operations were suspended during alert level 4, but average prices per cubic metre picked up, Stats NZ said today. Total exports fell $220 million (4 percent) to $5.3 billion in April 2020 compared with the same month last year. “Total exports would have been worth almost the same as …

Armstrong Flooring's 1Q net sales decreased by 2.1% to $138.7 million

26-05-2020
Armstrong Flooring, net sales, 1Q 2020

In the 1Q 2020, Armstrong Flooring's net sales decreased 2.1% to $138.7 million from $141.7 million in the 1Q 2019, including an adverse currency impact of 30 basis points. The decrease in net sales was primarily due to a decline in China net sales of approximately $5 million, attributable to the early outbreak of the COVID-19 virus in that …

U.S. import of tropical hardwood veneer, hardwood flooring and mouldings rose in March

21-05-2020
hardwood tropical veneer, hardwood flooring, moulding, U.S., imports, March 2020

A surge in imports from Italy helped U.S. imports of tropical hardwood veneer recover from a dismal February as March imports rose by 56%. Despite the gain, the month’s imports still lagged behind March 2019 import levels by over 30%, reported ITTO. Imports from Italy more than quadrupled in March and imports from Cote d’Ivoire more …

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Tag: 2020

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