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The development of the pandemic has impacted all economic trends, including the machines, tools and equipment for woodworking and furniture production. This trend has some “peculiarities” that have been clearly identified in the analysis by the Studies Office of Acimall, the Italian association of woodworking machinery and tools manufacturers,...
According to a recent report by International Tropical Timber Organisation (ITTO), there will be a substantial increase in wood consumption in India by 2030, exacerbating an existing shortfall between wood production and demand and increasing the country’s reliance on wood imports.Authored by Promode Kant and Raman Nautiyal, the report,...
Latest statistics from the Timber Trade Federation (TTF) show how the volume of imported timber experienced a further surge in June 2021, to a total of 1.01 million m³. This brings the total volume of imports to more than 6 million m³ in the first six months of 2021,...
Despite the difficult year, Malaysian Timber Council (MTC) is executing plans to achieve the goals they had set out in MTC Roadmap 2019-2023, aiming to boost the timber market.Muhtar Suhaili, CEO of MTC, shared: “Our roadmap took a very careful and calculated approach of what the industry would be...
According to China Customs, in the first half of 2021 sawnwood imports totalled 14.06 million m3 valued at US$3.573 billion, down 17% in volume and down 3% in value.Of total sawnwood imports, sawn softwood imports fell 24% to 9.66 million m3, accounting for 69% of the national total, down...
According to a market statement by the Confederation of Timber Industries (CTI) and Swedish Wood, supply tension in the United Kingdom's (UK) timber market will ease as pandemic abates.Partnering with Swedish Wood, who represents the largest exporters of structural softwood to the UK, the CTI is seeking to provide...
Total exports of the United States (US) hardwood lumber and veneer to India for the first half of 2021 reached US$3.685 million, according to American Hardwood Export Council (AHEC), the leading international trade association for the American hardwood industry. Statistics compiled from the latest data and released by the...
Mercer International Inc. (Nasdaq: MERC) has announced that it has received approval from the applicable Bankruptcy Court for a sales Order approving the acquisition by its wholly-owned subsidiary of a state-of-the-art cross-laminated timber (CLT) manufacturing facility located in Spokane, Washington, for a price of US$50 million, subject to customary...
Softwood lumber has been in high demand in the United States (US) and Europe throughout 2021. The limited supply resulted in temporary price surges to record high levels during the spring, followed by substantial declines in early summer. The outlook for lumber demand is likely to be strong worldwide...
In March 2021, businessmen Mark Crandall from the United States and Matías Abergo (Enkel Group) from Uruguay confirmed the arrival of Arboreal by acquiring 100% of Frutifor Lumber Company, a pine sawmill located in Tacuarembó. Currently, the sawmill based in Tacuarembó, Uruguay, processes 140,000 m³ of pine.The Arboreal project...
