Belarus sells timber to Japan through the commodities exchange
MINSK, Sept. 17 (BelTA) – One of the largest suppliers of wood products to the Japanese market, Shimizu Lumber, is considering buying wood from the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from the service. BUCE press release.
The company has already completed the registration of documents and has become the first Japanese resident accredited to the BUCE. Thus, the geography of stock trading has expanded to 68 countries.
Shimizu Lumber is engaged in timber harvesting and processing, importing and exporting lumber products, manufacturing building materials and furniture, and providing transportation and logistics services. . The company sees entering the Belarusian market as an opportunity to diversify its sources of wood processing products, primarily softwood lumber, which is in high demand in Japan.
“Japan, like many other countries, has fully felt the negative effects of the coronavirus pandemic, but now the country’s economy is actively recovering, including its construction sector. In this regard, demand for timber is currently at a high level and must be met mainly by imported products, as Japan does not have sufficient reserves of its own timber resources. Our company already purchases large volumes of timber raw materials and lumber from Southeast Asia, North America and Europe. We have never worked with Belarus before, but we are sure that we can establish long-term successful cooperation with local suppliers. We are counting on the help and support of the commodity exchange, ”Shimizu Lumber representatives said.
Founded in 2004, the Belarusian Universal Commodities Exchange held its first trading session in June 2005. BUCE is one of the largest commodities exchanges in Eastern Europe. Its main function is to help Belarusian companies to export and foreign companies to enter the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
Shimizu Lumber Co., Ltd. was founded in 1950. The main activity is the production and sale of timber. The company’s head office is located in Kobe (Honshu Island, Japan). The company also has representative offices in the United States and Canada.