News archive

Tag: impact

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 …

Actions taken by wood industries in Malaysia, Canada, U.S. and New Zealand so far

05-05-2020
Wood industry, Malaysia, Canada, U.S., New Zealand, coronavirus, impact

The wood industries in Malaysia, Canada, U.S. and New Zealand have all limited productions following some form of lockdown or movement control. According to Japan Lumber Journal, wood industries worldwide have experienced a set of common and unique challenges that arose from regulations imposed by their own governments and a general decline in …

Vietnamese wood products manufacturers face cancellation and delays from U.S. and EU buyers

16-04-2020
Vietnam, wood products, manufacturers, delay, cancellation, orders, impact, coronavirus

As much as 80 per cent of timber buyers from the U.S. and EU have delayed or cancelled their orders as of March 30 due to new coronavirus, reported VN Express. The cancellation and delay rate from South Korea and Japan buyers is an estimated 60 to 80 per cent. This can potentially wreck severe damage to Vietnam’s timber industry this year, …

Vietnam’s wood product manfacturers need to restructure production

27-03-2020
Vietnam, wood and wood products, manufacturers, exports, imports, trade, impact, restructure, COVID-19, coronavirus

Vietnam’s wood processing enterprises will need to continue reorganising their production and business activities to manage challenges during the novel coronavirus (COVID-19) pandemic, said the Ministry of Agriculture and Rural Development (MARD). According to Vietnam News, the restructuring would help enterprises transit to production and …

Canada's Interfor announces initiatives to address prevailing COVID-19 situation

20-03-2020
Interfor, initiative, tackle, coronavirus, impact, capital expenditure reduction, production curtailment

Interfor announced two days ago that it will implement a number of initiatives in order to adjust its business to operating conditions being impacted by COVID-19. “We are very focused on ensuring the health and safety of our employees as well as adapting to the evolving market conditions,” said Ian Fillinger, Interfor’s …

Koskisen achieved EPD for its plywood and chipboard

06-03-2020
Koskisen’s plywood and chipboard haveKoskisen, chipboard, plywood, Environmental Product Declaration, environmental life cycle, EPD, emissions, environmental impacts, use of resources, land use

Koskisen’s plywood and chipboard have received an Environmental Product Declaration (EPD), a certified document that communicates information about a product’s environmental life cycle impacts. An EPD provides information on, for example, the emissions resulting from the manufacture of the product, the product’s environmental …

Vietnamese wood firms urged to seek alternative materials suppliers in the face of coronavirus

02-03-2020
supply chain, alternative, Vietnamese enterprises, coronavirus, Covid-19, impact, slowdown, China, trade, wood products

Local wood processing enterprises need to widen supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the coronavirus (COVID-19) outbreak, experts said. According to Vietnam News, Do Xuan Lap, chairman of the Vietnam Timber and Forest Product Association (VTFPA) said that this …