This Month’s Highlights
- China Economic Update
- SPF trial partner confirms order for second quarter
- China approves master plan for Xiongan New Area
- Japan Economic Overview
- Japan Housing Starts Summary for November 2018
- 2×4 Social Media Campaign
- COFI Expands Market Opportunities for 2×10 and 2×12 in Japanese P&B Construction
China Economic Update
2018 Q4 highlights:
- China’s economic growth edged down in Q4 2018 year-on-year due to weak investment and faltering consumer confidence, which led to the weakest annual growth in 2018 within the past 28 years; GDP in Q4 2018 grew 6.4 percent, compared to 6.5 percent in Q3, hitting a record low since the global financial crisis in September 2008.i
- China’s economy grew at the slowest pace since 2009 due to financial deleveraging and a trade dispute with the United States. However, Q4 figures suggested a slow increase after government initiatives to shore up economic growth, and a buffer against a sharp slowdown with the country’s solid financial and fiscal status.ii
SPF trial partner confirms order for second quarter
A Chinese manufacturer located in southern China’s Guangdong province that used Canadian softwood for a trial confirmed another order of 2,000 cubic metres of SPF in Q1 2019.
Before this, the manufacturer, purchased 3,000 cubic metres of SPF to make furniture and edge glued panels in Q4 2018. Read more
China approves master plan for Xiongan New Area
China’s central authorities approved the 2018-2035 master plan for Xiongan New Area in early January 2019, stressing it’s a significant step in developing a high-quality city with a modern economic system, according to Xinhua News Agency, China’s state owned newswire.
Ecological protection is key for the Xiongan model. According to the master plan for Xiongan released in April 2018, by 2035, China aims to build Xiongan into a modern city that is green livable and smart, with harmony between human civilization and nature. Read more
Japan Economic Overview
While still registering positive growth, the Japanese economy is facing headwinds of sluggish consumer demand and slowing exports. In 2018 Japan achieved record number of inbound tourists at 31.19 million; with tourism spending also reaching a new high of 4.5 trillion yen. However, December consumer confidence fell to a two year low and overall consumer spending remained weak. In 2018 convenience store sales nudged a 0.6% increase, while supermarket sales fell 0.2%. Read more
Japan Housing Starts Summary for November 2018
October total housing starts declined 0.6% to 84,213 units. The recent trend of resilience in owner occupied starts and sluggishness in rentals continued. Owner occupied housing starts increased 2.5%, whereas rental housing fell 6.9%. Total wooden housing dropped 3.7% to 48,089 units. Post and beam starts declined 3.6% to 36,607 units. Wooden pre-fab fell 6.3% to 1,140 units. Platform frame starts retreated 3.7% to 10,342 units. Read more
2×4 Social Media Campaign
COFI Tokyo launched its second YouTube and Facebook advertising social media promotion campaign last month to create awareness and positively brand 2×4 to prospective home buyers in Japan. This year’s campaign runs for three months: from December 6, 2018 to March 7, 2019. It is a continuation of last year’s campaign, but this time includes three new animation video clips that were recently produced for the series. These new animations outline the environmental benefits of building and owning a 2×4 house (fifth episode), the style flexibility of 2×4 home designs (sixth episode) and ease of renovations for 2×4 homes (seventh episode), based on characters from the “Three Little Pigs” story. Read more
COFI Expands Market Opportunities for 2×10 and 2×12 in Japanese P&B Construction
Following an extensive testing program, in 2013 COFI obtained a voluntary evaluation certificate from the Japan Housing and Wood Technology Centre (HOWTEC) which eliminated technical barriers in using Canadian 2×4, 2×6 and 2×8 SPF, Douglas Fir and Hem-Fir dimension lumber in Japanese post and beam horizontal structural applications. Based on this third party evaluation, we developed an Excel based structural calculations tool to facilitate specification of dimension lumber in Post & Beam design. Over this 5-year period, approximately 100 structural engineers, builders and architects have downloaded this design tool from the COFI Japan site for use their projects. Read more
Third Wood Wall Bracing Workshop held at SETEC in Seoul
Canada Wood Korea in collaboration with Timber Engineering Lab of Chungnam National University (CNUTim) organized and delivered another Wood Wall Bracing Workshop focused on meeting the code requirements for seismic design.
A maximum capacity one hundred and thirty engineers, architects and builders attended. The event kicked off with a warm welcomes from BC Forest Sector Trade Mission, Minister Doug Donaldson, BC, Director Jeff Biggs, NRCan, President-Elect of the Korean Institute of Architects, Je Yu Park, and Country Director Tai Jeong, CWK. Read more
Delegates of Canada/BC Forest Sector Trade Mission visit Gapyeong Canada Village in Gyeonggi Province
Gapyeong Canada Village, the largest wood frame house complex project and the first joint venture in Korea between a public housing agency Gyeonggi Urban Innovation Corporation (GICO) and a private company Dreamsite Korea, welcomed delegates of Canada/BC Forest Sector Trade Mission delegation headed by Honourable Doug Donaldson, Minister of Forests, Lands, Natural Resource Operations and Rural Development, BC Government on December 8, 2018. Read more
Canada Wood Hosts Forest Business Leaders’ Luncheon
The Forest sector mission to Korea led by the Minister Doug Donaldson was successfully held from December 6 – 8, 2018. Over 25 representatives joined the mission, from the Canadian Trade Mission, federal and provincial Canadian governments, First Nations, forestry associations and laborers.
As part of the mission, Canada Wood Korea (CWK) hosted the Forest Business Leaders’ Luncheon on Friday 7th December at the Grand Intercontinental Hotel in Seoul. Over 70 representatives from the Canadian trade mission and various Korean firms in the wood industry attended this event. Read more
MOU with Korean architects will increase wood use
Senior forest sector representatives on the Forestry Asia Trade Mission took part in events that demonstrated British Columbia’s commitment to increasing wood construction in South Korea.
On Friday, Dec. 7, 2018, they witnessed the signing of a technical co-operation agreement between Canada Wood Korea and the Korean Institute of Architects, and attended a seismic design symposium. On Saturday (Dec. 8), they toured the Gapyeong Canada Village Project, which showcases wood products from B.C. and elsewhere in Canada. Read more