China-Russia timber processing centre established

A China-Russia timber processing and trading centre was recently established in Suifenhe City, Heilongjiang Province. The centre occupies an area of 380,000 square metres and cost around RMB600 million, reported ITTO.

The aim is for the Centre to be an industrial cluster for the itmber industry and become a timber distribution centre bringing together e-commerce, supply chain finance, logistics, cross-border trade as well as production and processing.

It is estimated that the total annual log volumes required for enterprises in the Centre will be around 2 million cubic metres and the value of imports will be as much as RMB2.2 billion.