Corrupt Indonesian timber company boss jailed for five years and fined more than $180,000
A high court in Indonesia has upheld the conviction, jail term and fine of a corrupt timber trader. The relatively severe punishment is the first of its kind in the Indonesia timber sector.
Italy's Scm Group confirms its financial stability and rewards innovation
Scm Group ended 2019 with a turnover in excess of €700m, in line with 2018's record figures and on budget for the year. It was also in line with orders thanks mainly to the upward swing in the last few months.
China finally appears to be tackling the problem of illegal timber and logging
The Environmental Investigation Agency (EIA) reports that China is amending its Forest Law to include a nationwide ban on buying, processing or transporting illegally sourced timber.
Masisa sales revenues drop in Q3 as result of divestments
Masisa’s sale of two panel mills in Mexico in 2019 was largely responsible for the company posting a large drop in sales revenues in Q3.
Brazilian furniture manufacturer Grupo Herval expands in North America
Leading Brazilian furniture manufacturer Grupo Herval has opened a facility in Miami to expand into the North American market.
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