Unsure of how an ever-expanding Asian market will affect their growth plans, Canadian forestry companies are seeing…
Unsure of how an ever-expanding Asian market will affect their growth plans, Canadian forestry companies are seeing demand for their lumber, but not their paper, a report by The Canadian Press confirmed.
“We’llput more effort into the Japanese, the Chinese, the Korean, Taiwanese, the Malaysian market place as well, and being advantaged by being a B.C. coastal producer, we will be able to supply more product into that market,” CP reported Jim Shepherd, Canfor CEO as saying. The company is also trying to capitalize on the home-building market in the southern U.S.
Cascades has witnessed shrinking demand for its products in Asia, and as CEO Alain Lemaire said, this is a phenomenon that will likely increase.
“Different corporations working in Asia are telling me that in five years they will be self-sufficient, so it means the consumption will grow so much internally that they will not be, in many cases, very strong exporters. On the paper side, that’s what we can expect.”
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