NEWS

On April 21, the U.S. Department of Treasury sanctioned two of Burma's state-owned enterprises: the Myanmar Timber Enterprise and Myanmar Pearl Enterprise. The timber and pearl industries are key economic resources for the Burmese military regime; these sanctions are not directed at the people of Burma.

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In the first three months of this year, foreign investors from six countries opened 10 new wood products plants in Vietnam. The total invested capital amounts to more than $112 million. Investors from China accounted for half of the new projects. The remaining five countries invested in one project each over the same period.

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The Federal Reserve Board reports that wood products manufacturing has increased by 5% year-over-year through the first quarter of 2021 as manufacturers continue to respond to high demand. Note that the number of single-family housing permits issued was almost 17% higher than last year - and, over the last eight months, home builder confidence has consistently scored above 80 on the NAHB/Wells Fargo Housing Market Index (anything above 50 is considered positive).

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue VIII: CHPVA Appeals CITT Decision On Chinese Plywood | Commerce Begins Review Of Chinese-Made Cabinets | Plywood Loses Significant Market Share In EU | Wood Production Hits 13-Year High, But Lumber Prices Are Still Up 171%

QUIZ: The oldest veneer was cut from which species of tree?

Answer: Ebony was used by the ancient Egyptians.