China Wood Products Prices

16-30th November 2007

Bamboo exports from Wuyi County exceed RMB100 million
On an annual basis, Wuyi County of Zhejiang Province produces over 31 bamboo products for export-oriented enterprises at an estimated output value of RMB100 million yuan. The county exports products such as bamboo door panels, bamboo floors, bamboo curtains, bamboo charcoals and bamboo crafts. Ninety percent of the county’s bamboo products are exported to the US, France, Japan and South Korea.

Asian Bamboo Group listed on Frankfurt Stock Exchange
The Asian Bamboo Group was listed on the Frankfurt Stock Exchange on 16 November. The Group is the second Chinese company to be listed on the Frankfurt stock market and is a leading bamboo producing company in China focusing on two business segments: bamboo trees and organically grown bamboo shoots. The company currently has access to 13 bamboo plantations, which comprise a total area of more than 14,600 ha in the Fujian province, one of the most suitable areas for growing bamboo in China. Asian Bamboo Group’s registered office is in Hamburg, Germany, has production facilities in China’s Fujian Province, and employs over 300 people. In the first half of 2007, the Asian Bamboo Group generated revenues of EUR 5.37 million and had an adjusted net profit of EUR 1.62 million.

Sino-Panel (Asia) invests US$50 million in Beihai City
Sino-Panel (Asia) recently invested USD50 million in a high grade wood composite floor project and officially started in Beihai City of Guangxi Zhuang Autonomous Region in China. The project is expected to fill a gap in Guangxi’s high grade wood composite flooring operations. The project, which is expected to be complete in 10 months, will generate over USD70 million in annual output value and all products will be exported. Sino-Panel (Asia) is listed on the Canadian stock exchange.

Abbreviations

LM        Loyale Merchant, a grade of log parcel	Cu.m         Cubic Metre
QS         Qualite Superieure	Koku         0.278 Cu.m or 120BF
CI          Choix Industriel	FFR            French Franc
CE         Choix Economique	SQ              Sawmill Quality
CS         Choix Supplimentaire	SSQ            Select Sawmill Quality
FOB      Free-on-Board	FAS            Sawnwood Grade First and
KD        Kiln Dry	Second
AD        Air Dry	WBP           Water and Boil Proof
Boule    A Log Sawn Through and Through	MR              Moisture Resistant
the boards from one log are bundled	pc         per piece
together	ea                each
BB/CC  Grade B faced and Grade C backed	MBF           1000 Board Feet
Plywood	MDF           Medium Density Fibreboard
BF         Board Foot	F.CFA         CFA Franc
Sq.Ft     Square Foot	Price has moved up or down