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17 September 2021, 16:03

Belarus to sell lumber to Japan via commodity exchange

MINSK, 17 September (BelTA) - One of the largest suppliers of timber products to the Japanese market, Shimizu Lumber, plans to buy lumber at the Belarusian Universal Commodity Exchange (BUCE), BelTA learned from the BUCE press service.

The company has already completed registration of documents and has become the first Japanese resident accredited on the BUCE. Thus, the geography of stock trading has expanded to 68 countries.

Shimizu Lumber deals with wood harvesting and processing, import and export of lumber products, manufactures construction materials and furniture, and provides transport and logistics services. The company considers entering the Belarusian market as an opportunity to diversify its sources of wood processing products, first of all sawn 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 connection, the demand for lumber is currently at a high level and it has to be satisfied mainly by imported products, as Japan does not have sufficient reserves of its own timber resources. Our company already purchases significant volumes of wood raw materials and lumber from Southeast Asia, North America, and Europe. We have never worked with Belarus before, but we are sure that we will be able to establish long-term fruitful cooperation with the local suppliers. We count on the assistance and support of the commodity exchange,” said representatives of Shimizu Lumber.

Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering 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 line of activity is production and sale of lumber. The company's headquarters is located in Kobe (Honshu Island, Japan). The company also has representative offices in the United States and Canada.

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