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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 Euro, 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.
CMPC lower Q3 plywood sales
Chilean forestry company and plywood producer CMPC reported lower Q3, 2019 plywood sales volumes due to lower sales in Chile and exports to Europe.
UK focuses attention on plywood performance claims
In response to correspondence from its members, the UK Timber Trade Federation (TTF) is reminding UK importers to once again focus on the responsibilities imposed upon them by the Construction Products Regulation (CPR).
Arauco reports Q3 reduction in panel product prices
Arauco’s wood products division reported a 26.7% reduction in EBITDA for Q3, 2019 mainly due to a decrease in wood panel prices.
LVL panel connection method wins open source wood challenge
Metsä Wood's Open Source Wood initiative announced a competition to find clever ways to connect large LVL panels. The winning idea was designed by Nazar Shklianka, an architect from Ukraine.
Board changes at Fagus-GreCon
Fagus-GreCon announced that with immediate effect Kai Greten has left the company due to irreconcilable differences.
Kronospan adds plywood to product portfolio
Kronospan has announced that it has commenced plywood production at its Smorgon plant in Belarus.
Egger reports growth across all divisions
Egger Group has reported a 3.4% growth in the first half of its financial year and confirmed its Lexington plant in the us will start up by the end of 2020.
Metalube’s Metachain lubricants approved by Dieffenbacher
Dieffenbacher has given Metalube’s Metachain range of wood panel press lubricants official approval for use in its press systems.
US housing industry stats looking more positive
The rate of housebuilding permits issued in the US has reached its most healthy position for five years.
Dieffenbacher’s recycling business seeing rapid growth
Dieffenbacher has reported rapid growth in its new Recycling Business Unit.
Fibreboard developments covered at Amsterdam conference
Fibreboard industry developments were shared at the AWA International Fibreboard Industry Conference in Amsterdam.
Thailand’s Metro orders new Siempelkamp forming and press line
Leading Thailand wood-based panel producer Metro has confirmed an order for a new forming and press line for an MDF plant at the Kanchanburi site.
Ernst Greten honoured for preservation of Fagus-Factory in Alfeld
The German National Committee for Monument Preservation has honoured Fagus-GreCon Greten GmbH senior proprietor Ernst Greten for his "extraordinary commitment” in the renovation and restoration of the historic Fagus-Factory in Alfeld.
Norbord posts lower quarterly earnings
Global wood-based panels producer Norbord has posted significantly lower earnings than a year ago due mainly to the drop off of North American OSB prices.
Planning success for Kronospan Chirk OSB line
Kronospan has moved a step closer to manufacturing OSB in the UK with the granting of planning permission for a new line at Chirk.