News archive

Tag: Africa

4th edition of North Africa Wood and Woodworking machinery show to be held on 30 Nov to 3 Dec 2018

19-09-2018
North Africa Wood and Woodworking machinery show, Cairo, Egypt, November

The North Africa Wood and Woodworking machinery show is back for the fourth edition on 30 November to 3 December, 2018 in Cairo International Convention &Exhibition Center, Egypt. Over 175 companies from the entire Wood & Woodworking Machinery spectrum are expected to showcase their new products and innovations with 10,000+ …

South Africa still "weak" but signs point to an economy out of recession

16-11-2017
South Africa, ITTO

South Africa is still “weak and confidence, what little remained, is evaporating fast.” On the political front, the cabinet’s reshuffling has brought about instability, analysts write. Major storms have also hit Johannesburg, and Durban, being so badly affected that the port closed for a few days. News reports say three ships …

South African softwood suffer weak sales as domestic construction activity falls

15-11-2017
South Africa, ITTO, softwood, hardwood, construction, sales, wood-based panels

Imported hardwoods however are facing buoyant sales The final quarter of the year is usually the busiest time for the building sector but pine mills have shown lackluster sales. If current market conditions continue into the New Year, competition for sales will be rife. Many pine mills are still feeling the strain of the last round of log price …

African timber exports to China jump 77 per cent in 1H/2017

02-08-2017
Ningbo, Africa timber, 1H/2017

Log and sawn wood imports through Ningbo Port totaled a record high of 510,000 cbm valued at US$197 Mn, up 42 per cent in volume and 45 per cent in value YoY in the first half of 2017. According to Ningbo Entry-Exit Inspection and Quarantine Bureau, the jump was mainly due to African timber imports, which rose 77 per cent to 170,000 cubic metres …

Rougier Q4/2016 revenues down 11 percent

13-02-2017
Rougier, France, lumber supplier, Africa

Rougier’s consolidated revenue for 2016 fell 9.3 percent to EUR149.4 million in 2016. Sales for 4Q/2016 also contracted 11 percent to EUR37.6 million compared with 4Q/2015, the company said in the press release. The change in revenues compared with 2015 takes into account an EUR0.4 million positive exchange effect.  Full-year …