Changzhou, China: On June 8, 2015, Wemhoener, the global surface technology provider, held a groundbreaking ceremony for its second wholly-owned subsidiary in Changzhou, China.
Located at the sci-tech industrial park of West Taihu lake, the new facility is set up to further expand the group’s business network. With a total investment of US$6 million and covering an area of 50 acres, the construction project is scheduled to be completed in two phases. In phase I, a production plant of about 15,000sq m will be built on the site.
The new plant will introduce more new equipment and technologies, including digital printing machines and roller coating technologies of lacquer designed for the woodworking industry. These machineries will be sold to the global market. On top of that, the company has set a sales target of RMB 200 million to be achieved by 2016.
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Paris, France: WWF France, a global environmental NGO, and Rougier Group, an integrated forest & trade company will work together in a three-year strategic collaboration that focuses on advancing sustainable forestry in Africa and responsible supply chains in Europe.
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London, UK: The Chinese authorities have put in motion major reforms to the forestry sector which will include a ban on logging of natural forests in important areas and ordering state forestry plantations to cut back harvesting by 20 percent each year, as reported by Wildlife News.
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Kuching, Malaysia: Analysts maintained their neutral outlook for Malaysian timber industry this year, according to the Borneo Post.
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Singapore：The Singapore Furniture Industries Council (SFIC) has launched its first association-led overseas deal-seeking initiative for the Singapore Furniture Industry.
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Washington, US: Northwest Hardwoods (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. Headquartered in Tacoma, Washington, NWH has operations in the US, Canada, China and Japan.
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Washington, US: The launch of the new Sustainable Forestry Initiative (SFI) 2015-2019 Standards and Rules marks an important advancement to support better decision making throughout the supply chain and to promote sustainable forest management.
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London, UK: US demand for wood protection coatings and preservatives is expected to expand 5.3 percent per year to US$5.1 billion in 2018m according to Reportbuyer.
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