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Latest Industry News In Asia

Vietnam wood product exports rise 9% in first 11 months of 2022
16 December, 2022
Vietnamese exports of timber and wood products reached nearly US$14.6bn in the first 11 months of 2022 – equivalent to a 9% increase on a year ago – according to statistics shared in the International Tropical Timber Organisation’s (ITTO) latest market bulletin.
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Nordic sawmillers post record results but signal caution on autumn market dynamics
Tuesday, August 16, 2022 Nordic sawmillers have reported some record-breaking financial results in recent weeks but are signalling that some highly uncertain times may lay ahead for markets in the autumn.
Importers and buyers of birch ply warned about circumventing ban on Russian wood
Monday, August 08, 2022 Timber Development UK (TDUK) has warned importers and buyers of birch plywood to ensure they don’t fall foul of sanctions on Russian wood, after it emerged that product containing Russian birch is being traded illegally through alternative trade channels.
Malaysia’s wood products trade and exports grow in Q1
Thursday, June 23, 2022 Malaysia’s total trade in timber and wood products increased by 10% to RM8.64bn (2021 Q1: RM7.89bn) in the first quarter of 2022, compared to the same period in 2021, according to the International Tropical Timber Organisation’s (ITTO) latest market report.
Stora Enso’s wood products division posts record Q1 results
Thursday, April 28, 2022 International forest product manufacturer Stora Enso has posted record Q1 earnings in its wood products division thanks to significantly higher prices than a year ago.
Russia-Ukraine conflict impacts may lead to European sawmillers’ limiting overseas exposure to fewer markets
Wednesday, April 27, 2022 Softwood market conditions influenced by ramifications of the Russia-Ukraine conflict could result in European sawmillers limiting their overseas exposure to fewer markets that fit their product mix and risk tolerance, according to the latest bulletin from Wood Resources International (WRI).
Stora Enso divests its sawmills and forest operations in Russia
Monday, April 25, 2022 Stora Enso has entered into an agreement to divest its two sawmills in Russia.
UK Government applies 35% additional import tariffs on Russian wood products
Monday, March 28, 2022 The UK government has added a 35% additional import tariff on Russian and Belarusian wood products.
Softwood update: Russian and Belarussian wood in the spotlight
Wednesday, March 16, 2022 As the invasion of the Ukraine by Russia unfolds and the subsequent humanitarian crisis there grips the world’s attention, trade actions and government sanctions are being imposed by the UK, the EU and countries across the globe, writes TTJ’s Softwood Specialist.
TDUK advises against Russia and Belarus trading
Wednesday, March 09, 2022 Timber Development UK (TDUK) is advising members to cease trading with Russia and Belarus if they have not done so already.
Stora Enso stops production and sales in Russia
Friday, March 04, 2022 Stora Enso has announced that it will stop all production and sales in Russia until further notice due to the ongoing invasion in Ukraine.
First Desert Board branded date palm OSB produced by Al Talah
Tuesday, January 18, 2022 Al Talah Board from Abu Dhabi, United Arab Emirates (UAE), has produced its first “Desert Board” branded OSB products made using recycled date palm tree waste.
Indonesian ambassador visits UK timber companies
Monday, July 19, 2021 In a bid to encourage UK timber importers to increase their purchase of legal and sustainable timber from Indonesia, a delegation from the Embassy of the Republic of Indonesia has visited a number of manufacturers across the country.
Segezha to consolidate CJSC Novoyeniseiskiy Wood Chemical Complex
Wednesday, May 26, 2021 Russian integrated forest products Segezha Group has announced plans to consolidate 100% of CJSC Novoyeniseiskiy Wood Chemical Complex.
Researchers examine wood applications for space satellites
Monday, January 04, 2021 Researchers in Japan are reportedly looking at the possibility of satellites being made from wood in the future, according to Nikkei Asia.
Tallest timber tower project unveiled in Australia
Friday, June 26, 2020 Software giant Atlassian is to build a world-beating 40-storey hybrid timber HQ building in Sydney, Australia.
Russian log exports down 23%
Friday, May 29, 2020 Russia’s export of sawn goods totalled 4.1m tons Q1 2020 - down 7.5% year-on-year. Log exports decreased by 23.8% to 2.89m m3.
Indonesia u-turn on timber rule changes
Tuesday, May 19, 2020 Indonesia has rowed back on plans to weaken rules for the timber exports, following warnings the proposed move would undermine efforts to combat illegal logging and deforestation.
High-capacity timber wagons ordered in Russia
Tuesday, May 19, 2020 Leasing company Dessa has ordered a further batch of timber wagons from United Wagon Co. to be delivered by end of May, and will be leased to Sodex.
Segezha continues to invest in plywood operations
Friday, April 24, 2020 Leading Russian forest product group Segezha Group is continuing to invest in its plywood operations and increase output.

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