News archive

Tag: business

Belarus: 2020 timber exports exceed $120 million

14-09-2020
Belarus, Export, Forestry, Business, Economy

The Belarusian Forestry Ministry's press service has announced that Belarusian forestries have earned more than $120 million from the export of wood and timber products since the start of 2020, reports BelTA.  “Products of Belarusian forestries are becoming increasingly popular on foreign markets. Since the start of 2020 foreign buyers …

New Zealand: Report identifies wood processing technologies to drive high-value, low-carbon economy

09-09-2020
New Zealand, Economy, Wood Processing, Timber, Business

The New Zealand wood fibre futures stage one report published in early September identifies wood processing technologies that could help drive a high-value and low-carbon economy. The report was jointly commissioned in late 2019 by the Forestry Ministerial Advisory Group, Te Uru Rākau, and the Ministry for Business, Innovation …

Editor’s pickEGGER Group reports stable results for FY2019/20 and optimistic outlook amid COVID-19 pandemic

03-08-2020
EGGER Group, COVID-19 pandemic, Business Development, Financial Year

EGGER Group Management with Walter Schiegl, Thomas Leissing and Ulrich Bühler (from left) reports stable key figures despite the start of the crisis EGGER Group has reported that despite the closing of the financial year (FY) 2019/20 coming at a particularly challenging time, they celebtrate eleven successful months and thus an overall …

Most of UK timber supply chain re-opening by end of May

14-05-2020
UK, timber supply chain, businesses, re-open, end of May, coronavirus, COVID-19, lockdown

Almost all businesses in the timber supply chain will be re-starting operations in May according to a Confederation of Timber Industries (CTI) survey, reported Timber Trade Journal (TTJ). The survey showed that a full one third of businesses remained open to some extent during the Covid-19 lockdown. The remainder of businesses responding to the …

Muar wood-based industry expects to lose RM500 mil in revenue due to MCO

11-05-2020
Furniture businesses, wood products, wood-based panels, manufacturing, impact, coronavirus, COVID-19, MCO, Muar, Malaysia

Furniture businesses and related players in the wood-based industry in Muar, Johor have been affected in the first quarter of this year, expecting to lose about RM500 million in revenue due to the Movement Control Order (MCO), reported The Edge Markets. Muar Furniture Association president Ong Yeou Huan said that as the wood-based industry is …

Chinese government decides on the next move for its furniture industry after businesses resume

17-04-2020
State Council Information Office, China, furniture industry, businesses resume, coronavirus,

The State Council Information Office has reported the situation in the manufacturing sector as follows, as reported by ITTO: Decline in both international and domestic demand Since the epidemic situation in our country has been effectively controlled in the early stage, the resumption of production in our industrial field is still relatively …

29 groups, organisations and trade unions from Malaysia: Operating businesses during MCO must be classified as offence

15-04-2020
Open letter, government, businesses operating, coronavirus, non-essential, groups, organisations, trade unions

In an open letter published on Malaysiakini, 29 groups, organisations and trade unions urged the government to classify operating businesses of non-essential nature as an offence. They expressed their shock that “it seems that it is no longer an offence for companies/businesses not providing essential services to continue to operate during …

OneFortyOne New Zealand brand launches, replacing Nelson Forests name and logo

25-03-2020
Nelson Tasman and Marlborough business, Nelson Forests, rebrand, OneFortyOne New Zealand, acquisition

Well known Nelson Tasman and Marlborough business Nelson Forests has been rebranded as OneFortyOne New Zealand effective from 25 March 2020. The move follows on from OneFortyOne’s purchase of Nelson Forests (including Kaituna Sawmill, near Blenheim) in 2018. OneFortyOne CEO Linda Sewell says that nothing has changed in operational terms …

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