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UK hardwood companies attributed the particularly sharp fall in their imports of tropical sawn hardwood to a number of factors. These included the situation in Douala and disruption in supply from Rougier, a major supplier to the country. They reported too that, after heavy buying in 2017, there was an excess of stock on the ground. General economic uncertainty in the market was additionally leading to customers buying just in time and little and often... [more...]
Kährs Group has acquired flooring distributor Ehrenborg & Co, which is a leader in the Swedish flooring market for public areas. Ehrenborg also operates in the rest of the Nordic countries... [more...]
Lumber production in Canada rose 1.0% from April to 5 981.0 thousand cubic metres of lumber in May. Production was 2.0% lower than in May 2017... [more...]
The plunge in framing lumber prices was unabated, but another round of steep discounting drew in more inquiries and orders compared with recent weeks. Traders sensed that customers were more comfortable with lower prices, while the need for some buyers to replenish was evident after weeks on the sidelines... [more...]
Maibec has concluded a transaction with Groupe Lebel of Rivière-du-Loup for their acquisition of the Maibec lumber mills located in St-Pamphile, Que., and Masardis, Maine... [more...]
The national trend in housing starts decreased in July, reflecting a decline in the SAAR of multi-unit dwellings in urban centres from the near-historical high registered in June... [more...]
Given continuing controversy in the EU over whether Myanmar teak can be traded in compliance with EUTR requirements, importers questioned by ITTO’s correspondent were surprised by EU import statistics showing a 46% increase in sawn hardwood trade with Myanmar in the first five months of this year... [more...]
IKEA opens its first home in India today in Hyderabad, Telangana state. The 37,000 m² house is located in HITEC City, the technology hub of Hyderabad. The new location employs 950 people. According to a previous report, the furniture store was supposed to open in 2017.... [more...]
Airlangga Hartarto, Minister of Industry, has indicated that the government will provide incentives for small and medium sized wood product and furniture manufacturers so they can secure SVLK certification, a measure aimed at building greater capacity in the domestic industrial sector... [more...]
The Chinese government threatened on Friday 3rd of August 2018 to put tariffs on 60 billion USD of imports from the US if the Trump administration imposes its own new levies on Chinese goods. Check in this article the full list of wood products under threat from tariffs...... [ more...]
