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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global
May 4, 2020

UK hardwood trade suffering from lack of finance and poor margins in time of COVID-19

UK hardwood trade suffering from lack of finance and poor margins in time of COVID-19

UK hardwood market was not in total lockdown in April, but activity was radically reduced by the Covid-19 epidemic.

Most UK hardwood companies had taken advantage of the new government grant scheme to furlough personnel. One leading importer/distributor said they had ‘downsized’ in line with demand. Others had shut their doors entirely, initially for three weeks.

“Some customers are continuing to operate for the time being, and we’re still getting orders,” they said. “Some construction sites are still working and joinery companies are staying open to supply them and there’s also DIY demand, presumably with people staying at home in the lockdown.

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