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By CnAgri 2020-12-15 15:10:20 Print Tel:861064402118-822 Email: chen.wang@boabc.com

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Table of Contents:

  • On October 31, the Yancheng Cellulose Fiber Integration Industrial Base of Sinar Mas Group laid the foundation. The base is located in Binhai Port Industrial Park, Yancheng City, Jiangsu Province, covering an area of about 10,008 mu, with an annual output of 2 million tons of cellulose fiber and 600,000 tons of textiles. The first phase of the project will be built with an annual output of 500,000 tons of cellulose fiber and a supporting production line with an annual output of 500,000 tons of dissolved pulp, with a planned investment of 11.78 billion yuan.
  • On November 10, Guangxi Xingde Industrial Investment Co., Ltd. started the construction of the 1.5 million cubic meter high-end plywood multilayer board project in Sanwu Industrial Park in Xingbin District, Laibin City, with a total investment of 1 billion yuan.
  • On November 11, Fenglin Group signed a contract with Qinnan District Government of Qinzhou City for the 500,000 cubic meter super strong particleboard project. Located in Jinwo Industrial Park, Qinnan District, the project is the first project of Fenglin Wood Industrial Park, with an investment of 800 million yuan.
  • In the Tmall double eleven shopping festival of 2020, the wooden furniture brands exceeding revenue of 100 million yuan include Lin's Wood, Suofeiya, TATA Wood Door, OPPEIN, Quanyou, KUKA, HOLIKE, Golden Home, HOMEKOO and ZBOM. Among them, Lin's Wood achieved a turnover of 1.12 billion yuan, and Sophia gained 1.1 billion yuan.
  • On November 18, the government of Tanyi Town, Feixian County, Shandong Province and Zhejiang Shenghua Yunfeng New Materials Co., Ltd. signed the intelligent manufacturing home furnishing project. The project has a total investment of 700 million yuan, a planned land area of 200 mu, and a total construction area of 160,000 square meters. Eight fully imported Homag flexible production lines have been introduced, with an annual output of 1 million sets of full-house customized household and supporting products.
  • On November 20, Fangchenggang City of Guangxi Province signed a contract with Lee & Man on the 6 million ton forest-pulp-paper integration whole industrial chain project with a total investment of 32 billion yuan.
  • On November 17, KUKA announced that it would set up a wholly-owned subsidiary, Hong Kong Shanquan Import & Export Co., Ltd. with its own capital of 5 million USD, as the main body of the company's cross-border B2C comprehensive operation center.
  • On November 24, KUKA announced that it planned to use 505 million yuan of self-raised funds to invest in the construction of a furniture product project with an annual output of 500,000 standard sets in Vietnam base. The project is expected to start construction in the fourth quarter of 2020, be completed and put into operation in the first quarter of 2022, and meet the original standard of an annual capacity of 500,000 standard furniture sets and an annual operating income of about 1.7 billion yuan by the end of 2025.
  • On November 26, suofeiya announced that it planned to invest 2 billion yuan in the construction of Suofeiya Global Development Center building in Haizhu District, Guangzhou City, and planned to sign a term sheet with the People's Government of Haizhu District, Guangzhou City.

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