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Tag: MIT

West Fraser enters into $150 million committed revolving credit facility

14-04-2020
West Fraser Timber, committed revolving credit facility, additional liquidity

West Fraser Timber has obtained from a syndicate of lenders an additional $150 million committed revolving credit facility. This committed facility has a term of two years and is made available on substantially the same terms and conditions as the company’s existing syndicated revolving credit facility from certain lenders that are part of …

MIFF 2020 rescheduled to June 30 - July 3

17-02-2020
Malaysia, timber, furniture, Malaysian International Furniture Fair, trade show, exhibition, MITEC

Malaysian International Furniture Fair (MIFF) 2020 has been rescheduled from March 6-9 to June 30 - July 3 at the Malaysia International Trade and Exhibition Centre (MITEC). According to Informa Markets, the Organiser of MIFF 2020, the decision is taken with regret after careful consideration and close consultations with stakeholders. There are a …

Some UK housing developers discontinuing CLT for high-rise after post-Grenfell legislation

20-01-2020
UK, housing developers, CLT, limited use, post-Grenfell, legislation, policy, combustible materials, external walls, new buildings, 18 metres

Swan is the latest housing developer to join the list of developers evaluating concrete and steel alternative for residential units over 18 metres. Despite a successful completion of the mid-rise, six-storey Watts Grove development Tower Hamlets in East London, a 65-unit residential project, Swan will now restrict the use of CLT to two- and …

NHLA: Hardwood Lumber Included in the Trade Deal

16-01-2020
NHLA, limited trade agreement, trade war, dispute, China, United States, Phase One, Washington, Beijing, hardwood lumber, inclusion

The U.S. and China formalised a limited trade agreement today, signalling a truce in the nearly two-year trade war between the world’s two largest economies and sets the stage for a broader agreement down the road. The “Phase One” agreement is the product of months of intense talks between officials in Washington and Beijing. It …

Formaldehyde limits recommended for Malaysia's locally sold wood-based panels

23-09-2019
Formaldehyde limits, Malaysia, domestic market, wood-based panels, Ministry of Primary Industries

A regulation for a formaldehyde emission limit of ≤ 1.5 mg/L (F**/E1 class) on imported and locally produced wood-based panels products was recommended after studies by the government, reported ITTO. The majority of Malaysian manufacturers can reach this standard. Limits on formaldehyde emissions are mandatory in many consumer countries and …

Asian wood demand drives $319m Japan investment in New Zealand

16-09-2019
Japan, forestry, timber, Sumitomo

The growing need in emerging markets for building materials and fuel has spurred Japanese trading houses to expand their forestry operations. Sumitomo Corp. plans to spend about 25 billion yen (SGD $319 million) on acquiring more pine forest in New Zealand, one of the Asia-Pacific region's major timber exporters, looking to double its acreage by …

Sumitomo Forestry acquires a U.S. Land Development Company

10-10-2018
Sumitomo Forestry, acquisition, U.S. land development company, Mark III, Northwestern South Carolina

Sumitomo Forestry Co., Ltd. announced that it has acquired a 60 per cent equity interest in the United States Mark III Properties, LLC (hereinafter: Mark III) through its wholly-owned subsidiary, Sumitomo Forestry America, Inc.. A celebrative reception for the new partnership was held on August 14, local time. The Sumitomo Forestry Group cited …

Editor’s pickPhirun Proiprai Dormitory in Thailand

21-09-2018
Rural housing, Phirun Proiprai Dormitory, Rural Development Camp, Chulalongkorn University

In the midst of the mountains of Ta Song Yang district, Tak Province, on the Burmese-Thai border, stands a branch of the Baan Nhong Bua School. For over a decade, the branch school has been providing education for ethnic children living in the area. However, as the branch school is located nearly ten kilometres away from the surrounding villages, …

Editor’s pickMass timber: Thinking big about sustainable construction

14-09-2018
MIT, mass timber building, LVL, longhouse, Mass timber architecture in America

MIT class designs a prototype building to demonstrate that even huge buildings can be built primarily with wood. The construction and operation of all kinds of buildings uses vast amounts of energy and natural resources. Researchers around the world have therefore been seeking ways to make buildings more efficient and less dependent on …

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