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Market Report

During China’s "13th Five-Year Plan" period, the country’s gross domestic product (GDP) broke through the 100 trillion yuan mark based on the government’s work report released recently. According to iiMedia Consulting, the national output of the furniture manufacturing industry increased by as much as 13% in November 2020 year-on-year....
China is the world’s largest importer of softwood and hardwood logs, and for many decades, Russia has been a significant log supplier for them. This relationship may change in 2022 if Russia implements their proposed ban on exports of softwood logs and valuable hardwood logs, while also introducing export...
Södra is investing in a new facility that will increase the production capacity of timber frames ten-fold. The facility is expected to be commissioned in mid-2022.The new facility is being built at the combined plant in Värö, north of Varberg, where Södra’s first cross-laminated timber (CLT) facility is located....
Scm Group S.p.A., a global leader in technologies used to process a wide range of materials and industrial components, has announced the appointment of a new Board of Directors.On 12 March 2021, the shareholders' meeting appointed the new Board of Directors comprising Giovanni Gemmani (President), Marco Mancini (CEO), Andrea...
The National Planning and Design Academy for the Forest Products Industry under the State Administration of Forestry and Grassland and the China National Forest Products Industry Association has released an analysis of China’s particleboard and fibreboard industry.ParticleboardThe report says an additional 16 particleboard production lines with a production capacity...
Outages in Europe and in the United States (US), as well as limited freight capacities on sea and land, have negatively impacted the availability of raw materials essential to adhesive manufacturing. Jowat, the adhesives manufacturer from Detmold, is facing a disruption to the supply of key raw materials and...
Every four years, the National Hardwood Lumber Association (NHLA) in the United States reviews the hardwood lumber grading rules and accepts rules change proposals for consideration. The window for submitting change proposals for the 2023 NHLA Rules Book is now open. Changes for consideration should be submitted to the Chief...
In 2020, despite the pandemic, exports of Vietnamese wood and wood products amounted to US$12.371b, a year-on-year growth of 16%, reported the International Tropical Timber Organization. Of this, the export of wood products was valued at US$9.535b, up 22.5% compared to 2019 and accounted for 77% of total wood...
The HOMAG Group closed fiscal year 2020 with a positive result despite the challenges arising from the COVID-19 pandemic.“In spite of the coronavirus crisis, we developed the company further and made acquisitions, in particular to strengthen our business in China and in the solid-wood sector,” pointed out HOMAG...
The fourth quarter 2020 brought some optimism to an economic trend that has been really complicated due to the global COVID-19 emergency, reported Acimall. The woodworking and furniture industry technology, in the October-December period of last year, recorded 3.7% growth in orders compared to the same period in 2019....