Article archive

Finnish roundwood prices started to increase in September

Posted on by GWMI Admin

Roundwood prices in Finland mostly increased during September 2016, as compared to the same period last year.

The main price differences were registered in spruce logs, whose price increased by 3.21% as compared to September 2015. As for the other log prices, pine also increased by 0.90%, to EUR 57.15/m3 and birch increased by 2.92%, reaching EUR 46.44/m3. Continue reading "Finnish roundwood prices started to increase in September"

IKEA invests $124 million in Bahrain store; opening date set by mid-2018

Posted on by GWMI Admin

IKEA plans to open its largest store from the GCC (Gulf Cooperation Council) in Bahrain. The total investment rises up to $124,68 million. Continue reading "IKEA invests $124 million in Bahrain store; opening date set by mid-2018"

Norbord and Louisiana-Pacific exchange OSB mills in Quebec

Posted on by GWMI Admin

Norbord Inc. announced that it has reached an agreement with Louisiana-Pacific Corporation to exchange OSB mills in Quebec. Norbord will swap ownership of its mill in Val-d'Or, Quebec for LP's OSB mill in Chambord, Quebec. Both mills have been curtailed for a number of years.

"This asset exchange will better align our portfolio of northern mills with our business strategy," said Peter Wijnbergen, Norbord's President and Chief Executive Officer. "The Chambord mill is larger and located in the Saguenay-Lac St. Jean area which is the biggest timber-producing region in Quebec. While market conditions do not support an immediate restart of Chambord, the asset is in good condition and is located closer to key markets, representing a better competitive opportunity for Norbord."

The Chambord OSB mill was built in the 1980s and has a stated capacity of 470 million square feet (3/8-inch basis). It was curtailed by LP in 2008.

In addition to the Chambord mill, Norbord's assets in Quebec include an operating OSB mill in La Sarre and a technology research and development centre in St-Laurent. The La Sarre mill is a key part of Norbord's ability to serve markets in eastern Canada and New England. Over the last five years, the Company has invested more than US$35 million to improve and ensure the mill's long-term competitiveness, including significant investments in new technology, equipment and processes.

The asset exchange transaction is expected to close in early November 2016.

UK wood pellet imports crash after record highs in H1/2016

Posted on by GWMI Admin

Wood pellet imports to the UK fell 24% year-over-year in August after record high imports during the first half of 2016. Wood pellet imports to the United Kingdom have gone up dramatically the past five years and are likely to reach a new all-time-high in 2016. The US South is the main supplying region with shipments having increased eight-fold since 2012. Continue reading "UK wood pellet imports crash after record highs in H1/2016"

Latest prices for Chinese imported sawn timber

Posted on by GWMI Admin

This index contains the most update prices of logs and lumbers from the two major timber distribution markets in China: 
Shanghai Furen Timber Market and Guangzhou Yuzhu Timber Market
Price information in Shanghai Furen Timber Market（source: China Timber Information Magazine） Exchange rate:1Euro=7.40 CNY
1. Imported sawntimber

 
 
 
 
 
 
 
 
 
 
 
Standard name
Local name
Specification
Grade
Origin
Prices range (Euro/m3)
 
Price range (RMB/m3)
 
Against June 2015
June price
Min
Max
Min
Max
Trend
Range
Okume
Okume
 
A(KD)
Africa
432.43
567.57
3200
4200
Same
3200/4200
Ebiara
Ebiara
 
A(KD)
945.95
1148.65
7000
8500
Same
7000/8500
Sapeli
Sapeli
 
A(KD)
648.65
878.38
4800
6500
Same
4800/6500
Zingana
Zingana
 
A(KD)
743.24
1148.65
5500
8500
Same
5500/8500
Bubinga
Bubinga
 
A(High mountains)
1891.89
2162.16
14000
16000
Same
14000/16000
Bubinga
Bubinga
 
A(Zambia)
1216.22
1351.35
9000
10000
Same
9000/10000
African Mahogany
African Mahogany
 
A
608.11
1013.51
4500
7500
Same
4500/7500
Makore
Makore
 
A
1013.51
1283.78
7500
9500
Same
7500/9500
Ayous Wawa
Wawa
 
FAS
486.49
581.08
3600
4300
Same
3600/4300
 
Ayous
 
FAS
540.54
608.11
4000
4500
Same
4000/4500
Beli
Beli
 
A(KD)
540.54
716.22
4000
5300
Same
4000/5300
Oak
Red oak
2"
FAS
N.America
1054.05
1189.19
7800
8800
Same
7800/8800
1"
FAS
702.70
878.38
5200
6500
Down
5200/6800
2"
1 com
675.68
878.38
5000
6500
Same
5000/6500
1"
1 com
540.54
662.16
4000
4900
Same
4000/4900
White oak
2"
FAS
1324.32
1621.62
9800
12000
Same
9800/12000
1"
FAS
945.95
1189.19
7000
8800
Same
7000/8800
2"
1 com
918.92
1081.08
6800
8000
Same
6800/8000
1"
1 com
608.11
810.81
4500
6000
Same
4500/6000
White Ash
White Ash
2"
FAS
945.95
1108.11
7000
8200
Same
7000/8200
1"
FAS
810.81
945.95
6000
7000
Same
6000/7000
2"
1 com
743.24
824.32
5500
6100
Same
5500/6100
1"
1 com
635.14
689.19
4700
5100
Same
4700/5100
Hard Maple
Hard maple
2"
FAS
945.95
1148.65
7000
8500
Same
7000/8500
1"
FAS
918.92
1054.05
6800
7800
Same
6800/7800
Soft Maple
Soft Maple
1"
1 com
810.81
878.38
6000
6500
Same
6000/6500
Cherry
Cherry
2"
FAS
1054.05
1283.78
7800
9500
Same
7800/9500
1"
FAS
878.38
1081.08
6500
8000
Same
6500/8000
Black Walnut
Black Walnut
2"
FAS
1891.89
2297.30
14000
17000
Down
14500/17000
1"
FAS
1486.49
1783.78
11000
13200
Same
11000/13200
Red Alder
Red Alder
 
JB
324.32
432.43
2400
3200
Same
2400/3200
 
CUS
527.03
581.08
3900
4300
Same
3900/4300
 
SUP
648.65
702.70
4800
5200
Same
4800/5200
Yellow Poplar
Yellow Poplar
1"
FAS
540.54
581.08
4000
4300
Same
4000/4300
2"
FAS
567.57
648.65
4200
4800
Same
4200/4800
Yellow Meranti
Yellow Meranti
 
A
Southeast Asia
486.49
527.03
3600
3900
Same
3600/3900
Red Meranti
Red Meranti
 
A
513.51
554.05
3800
4100
Same
3800/4100
Champaka
Golden teak
 
Assorted
Yunnan/Mynmar
945.95
1148.65
7000
8500
Same
7000/8500
Merbau
Merbau
2"
Assorted
Indonesia
945.95
1283.78
7000
9500
Same
7000/9500
Beech
Beech
 
AA
Europe
554.05
635.14
4100
4700
Same
4100/4700
 
heartwood
472.97
540.54
3500
4000
Same
3500/4000
Ash
Ash
 
A
Russia
702.70
878.38
5200
6500
Same
5200/6500
Elmwood
Elmwood
 
A
608.11
810.81
4500
6000
Same
4500/6000
Myanmar
Teak
Wooden door timber
 
Myanmar
4256.76
4864.86
31500
36000
Same
31500/36000
Decorative wood moulding timber
 
2432.43
2567.57
18000
19000
Same
18000/19000
staircase timber
 
2405.41
2675.68
17800
19800
Same
17800/19800
Kitchen cabinet timber
 
1824.32
2162.16
13500
16000
Same
13500/16000
Outdoor furniture timber
 
1554.05
1756.76
11500
13000
Same
11500/13000

 
Price information in Guangdong Yuzhu Timber Market

Imported sawn timber
Species
Grades
Prices range (Euro/m3)
Price range (RMB/m3)
Against June
June price
Origin
Min
Max
Min
Max
Trend
Range
North America
Cherry
FAS-2"
1351.35
1554.05
10000
11500
Up
9000/11000
FAS-1"
1216.22
1351.35
9000
10000
Up
8500/10000
White Ash
A
878.38
1013.51
6500
7500
Up
5800/7000
Black Walnut
FAS-2"
2027.03
2432.43
15000
18000
same
15000/18000
FAS-1"
1621.62
1959.46
12000
14500
same
12000/145000
AB(1"-2"）
1013.51
1148.65
7500
8500
Up
7000/8000
Hard Maple
FAS
1283.78
1418.92
9500
10500
Up
9000/10000
Soft Maple
FAS
1148.65
1216.22
8500
9000
Up
8000/8500
White Oak
FAS
1081.08
1756.76
8000
13000
Up
7500/13000
Red Oak
FAS
945.95
1175.68
7000
8700
Up
6500/8300
SPF
B
243.24
256.76
1800
1900
Down
2000/2100
Pine Finland
A
378.38
405.41
2800
3000
Up
2600/2900
Africa
Makore
A (imported with original packing)
837.84
6200
Down
7000
Zingana
A
1283.78
1689.19
9500
12500
Down
10000/12500
Awora
A
783.78
878.38
5800
6500
Down
6000/6700
Mezali (big)
A
1621.62
2027.03
12000
15000
same
12000/15000
Keruing (Africa)
A
608.11
770.27
4500
5700
same
4500/5700
Sapelli
A(imported with original packing)
810.81
851.35
6000
6300
Down
6300/6500
Okume
A
500.00
567.57
3700
4200
Up
3600/4200
Ebiara
A
837.84
905.41
6200
6700
Up
5500/6000
Bubinga
A
1891.89
2094.59
14000
15500
Down
15000/16000
Acajou
A (imported with original packing)
878.38
918.92
6500
6800
Up
6300/6500
Adouk d'afric
A
810.81
878.38
6000
6500
same
6000/6500
Samba
A
608.11
675.68
4500
5000
Down
4800/5300
Europe
European Maple
A
1216.22
1283.78
9000
9500
same
9000/9500
Beech
Super class
716.22
5300
Up
5200
Southeast Asia
Nyatoh
No knot
567.57
594.59
4200
4400
Up
3600/4200
Pontianak wood
Assorted
1283.78
1418.92
9500
10500
same
9500/10500
Merbau
Super class
878.38
1013.51
6500
7500
same
6500/7500
Lauan
Super class
608.11
635.14
4500
4700
same
4500/4700
Camphorwood
Super class
675.68
810.81
5000
6000
same
5000/6000
Camphorwood
A
608.11
675.68
4500
5000
same
4500/5000
Ramin
No knot
810.81
891.89
6000
6600
same
6000/6600
Yunnan/Myanmar
Golden Teak
Super class
918.92
972.97
6800
7200
same
6800/7200
Red Cherry
Super class
810.81
851.35
6000
6300
same
6000/6300
Toon
Super class
513.51
540.54
3800
4000
same
4000/4300
Teak
Super class
1891.89
2702.70
14000
20000
same
14000/20000
Keruing
Super class
554.05
581.08
4100
4300
same
4100/4300

Overview of the European parquet market in H1/2016; positive trend consolidated

Posted on by GWMI Admin

The Board of Directors of the European Federation of the Parquet Industry met on 19 October 2016 and discussed among others both the parquet situation and recent economic indicators on the European market.

The good start observed in many reporting European countries during the first months of the current year has been confirmed during the first semester of 2016, when compared to the same period of last year. Although the reported parquet sales figures are not booming, the positive trend continues and activity seems to consolidate in most of Europe.

A brief per country recap is provided in the table below.

Market overview

Austria The information provided to FEP points in the direction of an increase of the parquet sales by 3% in Austria, reflecting significant increases of investments in buildings.

↑
Belgium The Belgian market progressed by an estimated 3% during the first semester of 2016 and is expected to keep this pace up to the end of the current year.

↑
Denmark Growing building activities and projects in large cities are supporting a 3 to 5% improvement of the Danish market. This positive development is forecast to continue.

↑
Finland The situation in Finland remains the most problematic among European countries. Projects are delayed and the market fell by 15% during the first semester while it is expected to decline by 10% for the whole year

↓
France The first half of the year shows rather good results with an increase by 3% of the French sales although producers of solid wood parquet are not experiencing such positive developments. These trends should continue as there is no reason to expect a sudden turnaround.

↑
Germany The German market grew with an estimated 3% in the first six months of the current year but is presently becoming more "difficult".

↑
Italy Parquet sales are recovering a bit in Italy by 1 to 2% but from a very low level. Despite increases in bank lending, people are still reluctant to invest. A positive vote on the referendum to support the actual government is necessary to prevent a new crisis.

↑
Netherlands The Dutch market upturned during the first semester of 2016 by an estimated 3%. This trend is forecast to continue for the rest of the year.

↑
Norway Following significant difficulties, the Norwegian market seems to stabilise

→
Poland The few information available point to an increase of the Polish market by 1 to 2%. Poland is suffering from the political instability, especially the non residential market.

↑
Russia Board members consider that the market remains weak in Russia, where cheaper flooring solutions have more success than parquet.

Spain The Spanish situation is comparable to Italy. The market rose by 1 to 2% from a very low level and needs political stability to keep this pace.

↑
Sweden The market increase which was rather substantial in 2015, shows signs of stabilisation around +5%.

↑
Switzerland The Swiss market is still reflecting the low housing activity connected to the legal limitation of vacation homes' construction. For the first semester of 2016, the parquet market fell by 5 % and is expected to decrease by 3% for the whole year. Nevertheless, no bad news is expected in the future and construction remains the only interesting investment

↓

 
United Kingdom Board members agree that the UK market remains the most dynamic, especially the residential sector. Brexit has no local impact. The parquet sales rose by 3 to 4% during the first semester of 2016.

↑

UK’s Premier Forest Group closes third sawmill acquisition in three months

Posted on by GWMI Admin

Premier Forest Group has recently acquired the Jeffrey Walker Ltd sawmill in Harworth, near Doncaster, completing its third significant sawmill acquisition in the last 18 months.

The company thus pushes its annual sales revenue to more than £120m. Continue reading "UK’s Premier Forest Group closes third sawmill acquisition in three months"

Russia to ban birch log exports

Posted on by GWMI Admin

Due to the plywood raw material deficit on the Russian domestic market, the Ministry of Industry and Trade proposed for a temporary limit of the Russian birch exports.

The draft decree was published on the Russian Federal Statutory and Regulatory Enactments Portal on October 27, 2016 and is compiled in full accordance with the regulations of Eurasian Economic Union Treaty and the ones of other international treaties signed by the Russian Federation. Continue reading "Russia to ban birch log exports"

Lumber prices in the US on low trend, going down $6

Posted on by GWMI Admin

Trading in framing lumber was dull during last week, because of little mill order files and fading consumption in the field.Low expectations were widely held with many traders attending the annual NAWLA Traders Market in Las Vegas. Nonetheless, the quiet tone of the market left traders looking beyond the conference for answers to what has been a disappointing October for many. The Random Lengths Framing Lumber Composite Price shed $6 for the week, finishing at $350. Continue reading "Lumber prices in the US on low trend, going down $6"

UK’s steel industry could be saved with wood pellets

Posted on by GWMI Admin

The steel industry in Britain is almost bankrupt. Yet, Sanjeev Gupta believes that he could save the industry by using wood pellets and sea tides. Gupta has earned a fortune from processing steel and production metal parts in Asia and Europe and now wants to aim his Liberty House Group at the collapsing UK steel industry.

Global oversupplies of Chinese imports, along with the high costs, have shut down many mills in Britain. Thus, Gupta hopes that by procuring distressed assets and using scrap metal instead of iron ore, may change the economic perspectives of the business, with a little help from the government too.

The solution would be cheaper electricity for furnaces, as the country’s rates are already twice as big as the European average. In 2013, the group owned by Gupta bought acquired a shuttered mill in Newport, Wales, and then bought an aging power plant nearby. Now, he wants the government some help as to adapt the coal-fired generator to work only on wood pellets. Also, he plans to invest in a venture as to use the Swansea Bay’s tides to produce electricity.

“If U.K. energy costs were competitive, we could make steel all day long. When we make steel, it will be from recycled material so it will be viable. We expect we will grow and employ more people, not cut jobs,” Gupta said.

As Renewable Energy World (REW) reported., reviving the Welsh mill would allow him to supply as much as 20% of U.K. steel demand. And Gupta is already considering expanding. Liberty is in talks to acquire some mills from Tata Steel Ltd., which would also be converted to make steel from recycled scrap rather than iron ore.

Liberty’s owner hopes to some subsidies this year, as he competes with other renewable producers for 730 million pounds ($1 billion) of funding. He will also invest more than $100 million in the station and in the acquiring of the machine to make the wood pellets. If he won’t receive the subsidies, Gupta will use recycled waste as fuel.

He needs the cheaper electricity as to run the arc furnace which will be installed at the mill. The forge will enable Liberty to make its own steel by melting some of the 9.5 million metric tons of scrap the U.K. produces every year. The mill currently processes steel that’s being turned into hot-rolled coil for parts used in Jaguar cars to Boeing Co. planes, as REW reported.

Guide on how to reduce the annual energy consumption of sawmills

Posted on by GWMI Admin

The Ecoinflow project aims to facilitate implementation of tailor-made Energy Management System (EnMS) and reduced the annual energy use in the European sawmills industry sector through international engagement, collaboration and knowledge transfer. In order to help the EnMS implementation, the Ecoinflow partners produced the SawEnMS handbook, one of the major project outcomes.

Some of the main barriers for energy savings in the European sawmilling industry (SMI) are the lack of infrastructure and profitability with sale of surplus energy products (e.g. bark and chips), the lack of knowledge about optimal utilization of the energy input factors, and low awareness about the reduction potential. Although there are large energy savings potentials within the industry, a coordinated action was necessary for reaping these savings and convincing market actors to implement concrete measures. The Ecoinflow aimed to decrease the energy use by 6 % during the project by implementing a strategic tool for increasing energy efficiency.

The work focused on making sawmills go through a complete "plan-do-check-act" cycle and continue with the next one, setting new targets. In order to do that, it was important to disclose the most favourable methods to install power and heat meters to monitor the energy flows. The results were disseminated through EMS best industry practices and recommendations across Europe.

An EMS for sawmills was compiled by using:

  • Starting points: International standards (ISO 50001, EN 16001) and  the IEE BESS-project results,
  • Inspiration: Existing handbooks and EnMS models,
  • Usability in practice: Consult sawmills,
  • Enhancements: Collaboration within the Ecoinflow network.

The project results contributed to map the road for the industry to meet the EU goal of 20 % energy reduction by 2020, and generated important inputs for the participating countries to meet the binding targets of the 2020 European renewable energy policy. The roadmap included studies of the different business-, legislative- and technological frameworks related to SMI in Europe.The EnMS was implemented at 30 sawmills all around Europe.

The handbook is a guide for sawmills on how to implement a practical and usable EnMS. By following the guide, the sawmill companies will develop a framework for working with energy management.

Copy of the SawEnMS handbook is available here:

http://www.ecoinflow.com/Portals/0/SawEnMS_handbook_final_EN%20print_compressed_Web-up.pdf

 

Full Study Report: 

http://www.ecoinflow.com/Portals/0/PROR_final_26_06_final-compressed_web.pdf

 

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Outlook for the global furniture market uncertain

Posted on by GWMI Admin

In spite of signs of a stabilisation and a more sustained recovery in various European markets as well as in the US, development of the world economy and of furniture demand over the next few years remains uncertain.

Difficulties in Russia, the low oil price as well as a more subdued development in China might all have an impact on global wood furniture consumption in the near future. In Europe, the financial crisis remains a threat lurking in the background and the short and long-term consequences of the “Brexit” – both for the UK and the EU – are impossible to predict.

The German IFO Institute’s Eurozone Economic Climate report expects recovery in the Eurozone to continue at a moderate pace. Private consumption is expected to be the main driver behind the small GDP upturn of around 0.4% in each of the first and second quarter of 2016.

IFO sees the main risks for further economic stabilisation in a possible escalation of the conflicts in the Middle East, which could “unsettle consumers, producers and investors across the world“.

Moreover, the authors of the report also fear that “the ongoing structural transformation of the Chinese economy, from an export and investment-driven economy to a consumption-driven one may once again lead to capital outflows from the emerging countries”.

This could lead to renewed turbulence in financial markets.

 

FedEx to run its planes with fuel made of wood biomass

Posted on by GWMI Admin

FedEx, the largest express transportation company in the world, plans to produce millions of gallons of biofuel produced from waste wood biomass. The global logistics giant has signed a supply deal with US-based Red Rock LLC, which is currently building a biorefinery to manufacture this product from woody biomass.

Red Rock will provide FedEx with three million gallons of low-carbon jet fuel per year starting 2017 until 2024. FedEx now operates a fleet of 600 aircrafts and has pledged to use 30% of its jet fuel from alternative sources by 2030. Continue reading "FedEx to run its planes with fuel made of wood biomass"

Setra reports higher profits on increased exports to China

Posted on by GWMI Admin

Swedish wood products company Setra reports an operating profit of SEK 86 million (Jan.-Sep 2015: 78) for the period January-September 2016. The profit includes non-recurring items in an amount of SEK 13 million (Jan.-Sep 2015: -21). Net sales reached SEK 3,043 million (Jan.-Sep 2015: 3,232).

“The market for wood products has developed in a positive direction during the year but we are not expecting any significant strengthening in the coming months. We have seen a better balance in the market, particularly for whitewood products where increased exports to China are a significant factor. Weak development in the key redwood products export markets in North Africa and the Middle East increases uncertainty somewhat,” says Hannele Arvonen, President and CEO of Setra.

In September, Setra signed a declaration of intent with Bergs Timber for the sale of operations at Setra’s sawmill in Vimmerby.

setraDuring the year, Setra’s subsidiary within industrial-scale construction of wooden buildings, Setra Plusshus, and the planing operations in Valbo were sold.

The result from these sales together with insurance compensation following a fire are reported as non-recurring items in an amount of SEK 13 million. In the previous year, costs for the discontinuation of planing operations in Valbo were reported in an amount of SEK 21 million.

Cash flow from operating activities for the period January-September amounted to SEK 195 million (274). The Group’s financial position is strong. The Group’s net financial debt amounted to SEK 83 million at the end of the period which corresponds to a net debt/equity ratio of 6% (14).

India: October prices for teak logs and imported sawnwood and plywood

Posted on by GWMI Admin

The price list for teak, sawnwood and plywood between 1-15 October 2016
Plantation teak prices
As domestic teak log auctions were suspended due to the monsoon, demand for imported plantation teak picked up.

US$ per cu.m C&F
Angola logs 459-574
Belize logs 350-400
Benin logs 290-714
Benin sawn 530-872
Brazil logs 277-812
Brazil squares 370-556
Cameroon logs 405-616
Colombia logs 258-982
Congo D. R. logs 450-761
Costa Rica logs 250-780
Côte d'Ivoire logs 289-756
Ecuador squares 258-616
El-Salvador logs 320-732
Ghana logs 276-434
Guatemala logs 324-646
Guyana logs 300-450
Kenya logs 515-876
Laos logs 300-605
Liberia logs 265-460
Malaysian logs 225-516
Mexican logs 295-808
Nicaragua logs 402-505
Panama logs 335-475
PNG logs 443-575
Sudan logs 317-720
Tanzania, teak, sawn 307-613
Thailand logs 511-700
Togo logs 334-590
Trinidad and Tobago logs 603-753
Uganda logs 411-623
Uganda Teak sawn 680-900

Price range depends on quality, length and average girth of logs. Continue reading "India: October prices for teak logs and imported sawnwood and plywood"

Market impact of US duties on Canadian lumber exports

Posted on by GWMI Admin

With the expiry of the U.S.-Canada Softwood Lumber Agreement, the outcome of what follows next features two main potential options.]

The impact of probable duties on Canadian lumber exports to the U.S. is one option and this will be a game-changer for different producing areas, especially depending on the amount the initial duties will be and how much is passed on to the market, Continue reading "Market impact of US duties on Canadian lumber exports"

China’s imports of wood product expected to surge in the upcoming years

Posted on by GWMI Admin

China has always been one of the biggest wood product importers in the world. In the first half of 2016, over 50% of China’s wood products are imported and the imports of wood, wood-based panels and wooden furniture have all jumped noticeably compare with the same period of 2015. It has been predicted that China’s imports of wood products will continue to soar.

Huge demand for Wooden Buildings in China

In order to encourage the growth of ecotourism, the Chinese government has developed the Chinese 13th economic plan(2016-2020) and released a series of documents to promote the construction of campsites with wooden structures and mobile wooden houses. Thus, the number of newly built campsites is expected to be at least 1,000 by 2020.

Moreover, the five-year plan has also reveals China’s aspiration to build 500 tourist towns featured with wooden cabins, which will generate tens of millions of profits in RMB.

It has been reported that by 2030, the number of the aged in China will reach 342 million, accounting for 23% of the population and consequently senior housing will be in sore need. As early as 2014, the Chinese government has realized the gravity of aging population and released document to encourage the development of senior real estate. Continue reading "China’s imports of wood product expected to surge in the upcoming years"

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