US
Dollar Exchange Rates of 15th Janury 2007
China Yuan
7.793
Report from China
China imposes anti-dumping tariffs on US and EU overlays
The Chinese Ministry of Commerce (MoC) announced that it had imposed anti-dumping tariffs on wear resistant overlay imports from the US and EU as of 13 December 2006. Tariffs on the product (Customs code No. 48043900) range from 4.1% to 42.8% and will last 5 years. Wear resistant overlays are used to boost the durability of laminate flooring.
Pizhou is China¡¯s leading panel production base Pizhou City, Jiangsu Province, has been awarded the ¡°National High Quality Wood-based Panel Production Base¡± title. Wood-based panel is the city¡¯s leading industry, involving 3,000 enterprises, 1,300 downstream
processing lines and 8 million m3 of annual output. Pizhou is the largest wood-based panel production base in China and its annual plywood exports account for 40% of the national total.
China develops new panel production equipment
In spite of being a leading wood-base panel producer, Chinese production lines are relatively small compared with those in developed countries. The capacity of a Chinese-made production line is less than 50,000 m3 compared with 170,000 m3 of an imported production line. China imports 4-6 foreign continuous press equipments a year of brands such as Simpelkamp, Metso and Dieffenbacher. In view of this, Shanghai Wood-Based Panel Machinery Co., Ltd. has recently developed ContiPlus, a rolling abrasive continuous plat press with an
annual output capacity of up to 200,000 m3. A multi-daylight press has an annual output capacity of 80,000 m3. The continuous press is able to produce panels of different widths and thicknesses. The equipment will be formally put into production in 2007. Producers in
Slovakia have expressed interest in buying the new Chinese equipment.
US GFI expresses interest in China¡¯s eucalypt forests
The US Global Forest Investment Company has expressed interest in investing in Chinese forests, following a survey on China¡¯s southern fast growing and high yielding eucalypt forests. US Global Forest Investment Company is one of the largest forestry investment management companies in the world. It has investments in forests in South America, New Zealand and Australia.
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