Through four Seihoku group companies’ investment, Kitakami Plywood is established, total capital is 100 million yen ($0.95 million). Hokuyo Plywood is the main investor with 50% share. Akita Plywood and Seihoku put up 20% each then Shin Akimoku joins with 10%.

合板

Kitakami Plywood established in Japan

Jan 21, 2014. /Lesprom Network/. Through four Seihoku group companies’ investment, Kitakami Plywood is established, total capital is 100 million yen ($0.95 million). Hokuyo Plywood is the main investor with 50% share. Akita Plywood and Seihoku put up 20% each then Shin Akimoku joins with 10%, as ITTO reported.

The new plant locates in interior of Iwate prefecture so that it will use locally produced domestic logs only. The items of production are structural panel, coated concrete forming panel and floor base panel.

President of Seihoku group, Mr. Inoue commented that there is huge stock of domestic timber with ample growth so that there are mushrooming number of biomass power generation facilities recently but infrastructure of log production is immature and incomplete so unless the gap is solved, there is strong uneasiness of stable supply of logs when looking at business for long term. In short, there is plenty of timber and the demand is growing but the system to harvest for stable supply is not there.