Wood processing
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Russia processes more wood as ever before
In 2017, the Russian economy came out from a two-year recession. In 2016, the country's GDP fell by 0.2%, and in 2015, it fell by 2.5% after slowing the growth to 0.7% in 2014. However, this is below the original expectations: initially, the Ministry of Economic Development forecast that the country's economy will grow by 2% in 2017, the Central Bank expected a growth from 1.7 to 2.2%. In the second quarter of 2018, GDP growth was 1.8%, and in April-May 2018, the economy “accelerated” to 2.2%. In addition to the exit from recession in 2017, the minimum inflation in the history of the country was recorded at 2.5%. However, this figure does not apply to the forestry sector of the economy. The timber industry costs for wood raw materials increased by 20-30% according only to Rosstat's official data (the price for softwood sawlogs on the average increased by 35% YoY to 2,100... Continue reading
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New wood processing plant in the UK for SCA
On Tuesday 18th March, Ulf Larsson, President of SCA Forest Products, inaugurated SCA Timber Supply’s new plant at Melton on Humberside, in the company of guests and senior management from SCA Timber AB and SCA Timber Supply UK, the company announced in a press release. SCA’s Melton wood processing plant receives its timber from SCA’s importing hub on the King George Dock at Hull, which the company opened in 2005. Approximately 50,000 m3 of wood will be processed annually through SCA Melton, going into the supply chains of the company’s builders’ merchant and joinery production customers. SCA Melton is one of three UK locations operated by SCA Timber Supply UK, the others being its Welshpool, Powys, plant, which also services the builders’ merchant sector and its headquarters in Stoke-on-Trent, from which it services the DIY sector with wood... Continue reading
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August 30, 2018
Russia processes more wood as ever before
In 2017, the Russian economy came out from a two-year recession. In 2016, the country's GDP fell by 0.2%, and in 2015, it fell by 2.5% after slowing the growth to 0.7% in 2014. However, this is below the original expectations: initially, the Ministry of Economic Development forecast that the country's economy will grow by 2% in 2017, the Central Bank expected a growth from 1.7 to 2.2%. In the second quarter of 2018, GDP growth was 1.8%, and in April-May 2018, the economy “accelerated” to 2.2%. In addition to the exit from recession in 2017, the minimum inflation in the history of the country was recorded at 2.5%. However, this figure does not apply to the forestry sector of the economy. The timber industry costs for wood raw materials increased by 20-30% according only to Rosstat's official data (the price for softwood sawlogs on the average increased by 35% YoY to 2,100... Continue reading
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September 28, 2015
Chinese company Fenglin to build massive wood-processing plant in New Zealand
A Chinese company plans to invest US$250 million to build a massive wood-processing plant in New Zealand. Fenglin Wood Industry Group, based in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, has already been carrying out a feasibility study on building and operating a highly advanced sawmill in the central North Island, Xinhua news agency reported. The plant will be built in New Zealand's Taupo region, considered the "wood basket" of New Zealand. "The estimates are around 250 jobs and a 250-million-U.S.- dollar investment to build the plant using world class state of the art technology," said Fritz Frohlke, general manager of the Enterprise Great Lake Taupo development agency, as quoted by Xinhua. Enterprise Great Lake Taupo had for two years been seeking a commercial stakeholder to undertake an in-depth feasibility study to construct and operate a world... Continue reading
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Chinese company Fenglin to build massive wood-processing plant in New Zealand
A Chinese company plans to invest US$250 million to build a massive wood-processing plant in New Zealand. Fenglin Wood Industry Group, based in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, has already been carrying out a feasibility study on building and operating a highly advanced sawmill in the central North Island, Xinhua news agency reported. The plant will be built in New Zealand's Taupo region, considered the "wood basket" of New Zealand. "The estimates are around 250 jobs and a 250-million-U.S.- dollar investment to build the plant using world class state of the art technology," said Fritz Frohlke, general manager of the Enterprise Great Lake Taupo development agency, as quoted by Xinhua. Enterprise Great Lake Taupo had for two years been seeking a commercial stakeholder to undertake an in-depth feasibility study to construct and operate a world... Continue reading
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August 30, 2018
Russia processes more wood as ever before
In 2017, the Russian economy came out from a two-year recession. In 2016, the country's GDP fell by 0.2%, and in 2015, it fell by 2.5% after slowing the growth to 0.7% in 2014. However, this is below the original expectations: initially, the Ministry of Economic Development forecast that the country's economy will grow by 2% in 2017, the Central Bank expected a growth from 1.7 to 2.2%. In the second quarter of 2018, GDP growth was 1.8%, and in April-May 2018, the economy “accelerated” to 2.2%. In addition to the exit from recession in 2017, the minimum inflation in the history of the country was recorded at 2.5%. However, this figure does not apply to the forestry sector of the economy. The timber industry costs for wood raw materials increased by 20-30% according only to Rosstat's official data (the price for softwood sawlogs on the average increased by 35% YoY to 2,100... Continue reading