China Wood Producers Set Up Credit Study System

Beijing, China, June 25, 2008--Credit Association of Zhejiang Flooring Industry has been set up by six of China's wood flooring producers.

The credit evaluation system consists of eight general subjects such as product quality and service system, societal responsibility & company management, ecology harmony & company environment, and more than 50 topics.

Enterprises can conduct self-evaluation with the help of the system to discover problems.

Zhang Senlin, president of China National Forest Product Industry Association (CNFPIA), said, "The wood flooring industry shall build their business on honesty and seek prosperity through credit, so as to lead the great advancement and development of the industry."

The Chinese wood flooring industry has been growing at an average rate of 20 percent to 30 percent annually in the past few years. Statistics show that in 2007, the total production and sales volume of the wood industry was 361 million square meters, with one third of the volume exported.

The sale of engineered wood reached 75 million square meters last year.

Statistics show that there are currently more than 3,000 wood flooring companies in China. Organizations such as CNFPIA, after comprehensively investigating the flooring industry, focus their support in about 100 companies that are of relatively large scale to help promote their brands.