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Corrupt Indonesian timber company boss jailed for five years and fined more than $180,000 23 January, 2020
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.
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Italy's Scm Group confirms its financial stability and rewards innovation
Wednesday, January 22, 2020 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
Tuesday, January 21, 2020 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
Tuesday, January 14, 2020 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
Tuesday, January 14, 2020 Leading Brazilian furniture manufacturer Grupo Herval has opened a facility in Miami to expand into the North American market.
CMPC lower Q3 plywood sales
Tuesday, January 14, 2020 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
Monday, January 13, 2020 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
Monday, January 13, 2020 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
Friday, January 10, 2020 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
Thursday, January 09, 2020 Fagus-GreCon announced that with immediate effect Kai Greten has left the company due to irreconcilable differences.
Kronospan adds plywood to product portfolio
Wednesday, January 08, 2020 Kronospan has announced that it has commenced plywood production at its Smorgon plant in Belarus.

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