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The Romanian Competition Council has initiated an investigation on companies operating in the Romanian timber industry, because of cartel suspicion. Two weeks ago, the Council checked the headquarters of Kronospan Romania... [more...]
Companies participating in ‘Orchestra Brazil’ increased exports by 9% in 2015 compared to 2014. The ‘Orchestra Brazil’ project supports the furniture sector and has grown out of cooperation between the Bento Gonçalves Furniture Industry Union (Sindmóveis) and the Brazilian Trade and Investment Promotion Agency (ApexBrazil)... [more...]
Framing lumber trading paused after a mostly busy first three weeks of February. Prices in key species still finished the week higher, but the overall pace of sales slowed. Producers cited mid-March order files as the key reason for the pause, and buyers acknowledged that they needed time to digest recent purchases and higher prices. ... [more...]
Sumitomo Forestry Co., Ltd. (Tokyo) announced that it bought 60% of share of DRB Enterprises, which owns Dan Ryan Builders (DRB) group in Maryland. DRB is a major house builder on the East Coast and South of the United States. Purchase amount is about 10 billion yen (US$ 90 million)... [more...]
Fourth-quarter net sales amounted to a new record at EUR 39.5 million (MEUR 34.0). Net sales increased 26 percent from the third quarter in line with the order book’s timing. The proportion of technology services fell to 25 percent (28%) of net sales as a result of a strong increase in project deliveries... [more...]
Three years ago Sweden experienced the issue of the so-called green-bond for the first time. The green bonds have mostly been used to finance specific sustainability and environment protection projects. Sveaskog is the first "all-green" forestry company having issued the green-bond and can therefore use bonds to finance the respective industry... [more...]
Beijing New Building Materials (Group) Co., Ltd is the largest importer of OSB in China and imports mainly from Romania, Canada, Germany, Brazil and the US. The OSB imports of Beijing New Building Materials (Group) Co., Ltd from Romania were 18,400 cubic metres, accounting for 23% of Romanian exports... [more...]