According to The Star, Bursa Malaysia-listed companies producing panel boards are expected to enjoy strong profits in 2022 on the back of an upcycle in the wood manufacturing sector.
Read more...According to yle, Russia's invasion of Ukraine has already impacted access to supplies of some key building materials, while higher energy prices are also boosting overall costs.
Read more...According to CNN style, Switzerland is set to become home to the world's tallest timber residential building.
Read more...According to Global Wood Trade Network, the 2021 trade figures highlight the extent to which recent tragic events in Ukraine will impact on future wood supply in the EU. In 2021, the EU27 imported wood and wooden furniture with a total value of US$6.71 billion from Russia, Belarus and Ukraine, nearly one third of total import value of these products.
Read more...According to FOREST INSIGHTS, stakeholders in forestry-related sector in Indonesia remain upbeat that the archipelago nation could boost its market share for wood products in the European Union market, despite rules for deforestation-free products are on its way to be implemented in the next few years.
Read more...According to Madison’s Lumber Reporter, it indicated that the ongoing conflict in Europe, wacky lumber futures, and relentless supply and logistical challenges sowed pervasive discord across the market at large.
Read more...It seems the only thing growing in Irish forests these days is a crisis. Delays in issuing licences needed to plant, cut and transport trees have been squeezing the Republic’s timber industry for three years, according to irishtimes.com.
Read more...The outlook for the Malaysian furniture industry is positive this year although it continues to face some lingering challenges, say analysts, reported by thestar.com.my.
Read more...According to Vietnam News Agency, Vietnamese wood and furniture products are expected to grow in 2022 due to the purchasing demand of the international market along with meeting necessary factors in Free Trade Agreements (FTAs).
Read more...Although there were supply chain delays and labor issues, furniture was the second-fastest growth industry of the top 15 manufacturing industries tracked by the Institute for Supply Management in US.
Read more...