Canadian lumber steps into furniture market
On August 25th 2017, Canada Wood China (CW China) signed a strategic cooperation MOU with Sichuan Guodong Construction Holding Co., Ltd (Sichuan Guodong) on “jointly promote the applications of Canadian qualified lumber on furniture markets in China” in Chengdu. Eric Wong, managing director of CW China and Mr. Xie Suming, general manager of Sichuan Guodong signed the MOU on behalf of each side.
This MOU signing indicates that Sichuan Guodong will participate in CW China’s promotion on Canadian wood in furniture application with its over 20-year rich experience in furniture and door-sets.
Nowadays, demands for solid wood furniture is continuous to rise with cities’ rapid development in China. According to China Statistics Bureau’s data, the income of furniture manufacturing business was 761 billion RMB in January to November, 2016, an increase of 8.4% year-on-year. The total profit is 46 billion RMB, an increase of 10% year-on year. China’s furniture will keep a consistent growth. This brings tremendous business opportunities for solid wood.
Recent years, several furniture industrial clusters have been formed in China. One of China’s biggest furniture manufacturing base is located in Sichuan Province. And Chongqing, as the closest neighbour city to Sichuan, has China’s largest door-sets industrial base. This area has been identified as one of the focuses in CW China’s WIM strategy for 2017/18.
The MOU signing is a milestone for CW China to promote “Wood in Manufacturing”, especially in such industrial cluster area. We want to explore more opportunities in various markets for Canadian wood. We realize softwood might not be suited for all applications, but we have recognized the most potential ones such as doors, windows and bed ribs. The suitable lumber species can be higher-grade SPF, Hemlock and Douglas fir.
Sichuan Guodong Construction Holding Co., Ltd.
Sichuan Guodong Construction Holding Co., Ltd. Is under Sichuan Guodong Construction Group. The group was established in 1982. Guodong Construction was founded in 1993. Annual report as of 2011.5, Guodong construction to 590.44 million RMB registered capital, total assets of more than 3.1 billion yuan, mainly involving general contractors for wood-based panel and its processing, glass processing, construction, municipal engineering, wall decoration, real estate development and other services. Products related to medium/high density fiberboard, wooden suit door, laminated wood floor, plywood insulating glass, laminated glass and so on.