the timber network


  • Panels
  • July 27, 2015 13:36

Pfleiderer takeover by Polish subsidiary underway

Shareholders at Polish chipboard manufacturer Pfleiderer Grajewo approved on Monday an issue of up to 40 million shares to finance the takeover of parent company Pfleiderer GmbH. The company said in June that part of the proceeds from the share offer would be spent on cutting the combined company's debt. The deal, worth up to 974 million zloty ($259 million) at June’s market price, seeks to boost the combined entity’s operations and reduce debt. The Polish company said the issue will boost its free float and save as much as 30 million euros ($33.6 million) a year from the end of 2018. The planned transaction would reduce Atlantik’s stake in Grajewo to under under 50 percent from an indirect 65 percent holding now... [more...]

  • Panels
  • July 24, 2015 10:06

“USB” made of soft hardwoods?

Wood-based panels giant Egger and University of Göttingen jointly developed so-called unoriented-strand boards (USB) made of soft hardwoods such as silver birch, alder, poplar and willow. The project, which was funded by the German ministry of food and agriculture (BMEL), is to help making better material use of the fairly large, untapped German resources of soft hardwoods... [more...]

  • Interior
  • July 23, 2015 08:10

Malaysian furniture exports set to double through change in strategy

Annual furniture exports are set to rise to RM16 bil. by 2020 from the current RM8 bil. as a result of the Malaysian Timber Industry Board's (MTIB) Professional Designers Programme (PDP)... [more...]

  • Forestry
  • July 17, 2015 08:29

IKEA buys 33.600 hectares of forests in Romania

Swedish furniture giant IKEA group announced the purchase of 33.600 hectares of forests central and north-eastern Romania. The value of the investment was not disclosed, however the market value of one hectare of forests in those regions indicate that IKEA might have spent around EUR 100 million. One hectare of forests in Romania worths ... [more...]

  • Panels
  • July 15, 2015 14:27

Välinge signs license agreement with Chinese bamboo producer

Chinese company Anji Tianchi Bamboo & Wood Industry Co., Ltd. has signed a non-exclusive license agreement for the use of the Välinge 5G-C system on the short sides of their engineered wood and bamboo flooring... [more...]

  • Interior
  • July 13, 2015 08:21

By 2025 half world’s consumers will be from ASEAN countries

The coming into effect of the ASEAN Economic Community (AEC) at the end of 2015 is believed to be an opportunity for the Indonesian furniture industry because Indonesian furniture can readily penetrate ASEAN markets and increase market share in the region according to Indonesia's Minister of Industry... [more...]

  • Interior
  • July 10, 2015 09:09

EU wooden furniture exports impacted by the Ukrainian crisis

The slow-down noted in growth of EU exports to Russia and Eastern Europe from the second half of 2013 has since turned into decline...... [more...]

  • Interior
  • July 10, 2015 07:41

China introduces tough domestic standards for wooden furniture

The air pollutant emission standard for the Chinese wooden furniture manufacturing industry has been released... [more...]

  • Panels
  • July 08, 2015 09:13

EPF with new management and new goals; wood-based panel market cautiously optimistic

The European Panel Federation, representing the European manufacturers of particleboard, MDF, OSB, plywood, hardboard and softboard, held its Annual General Meeting in Vienna, Austria on 25th & 26th June 2015.... [more...]

  • Interior
  • July 08, 2015 08:27

Turnaround in EU imports of furniture from Asia

EU imports of wood furniture by supply country using 12 month rolling average data, reveals that the lasting downhill trend in imports has turned around at the end of 2014. This positive trend continued through the first quarter of 2015. In the first quarter of this year, Chinese wood furniture deliveries to the EU rose by 12.4% and China alone accounted for 55% of total imports. In the first quarter of last year, China's share stood at 54%... [more...]

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