About our company UGL group in China business and work with the Chinese factories joint activity on territories of China, search of partners; The goods and the equipments, realisation of industrial and investment projects in the PRC, financing of commercial programs.

The Japan Lumber Journal reported that traders have seen a slowing market and no improvements in cargo transactions. Since the start of the rainy season in Japan, the outlook has been that markets are performing worse than before, even though they were expected to recover in the summer months.

Japan Lumber Reports said production of Southsea logs rose after May and seems to have returned to normal. Log suppliers in Malaysia have been bullish, since there is local market demand. However, Japanese demand is still sluggish. It is also expected that Sarawak will revise its quota system, to give more flexibility for exports.

Shipments of Yunshan cedar items in China have been suspended due to the recent earthquake in the region.

Plywood supply rises while housing starts fall Japan Lumber Reports indicated that plywood imports increased during May 2008, largely due to the sudden appreciation of the Japanese yen. The volume of plywood imports in May 2008 rose 9.4.8% since April 2008, but showed a year-on-year decrease of 12%.

Nevertheless, demand was expected to stay low and supply would stay tight, with prices rising. For housing starts, figures for May 2008 showed a 6.5% fall from May 2007 levels.