About our partner.

SUMEC Group Corporation (SUMEC), established in 1978, is a core member of the China National Machinery Industry Corporation (SINOMACH). SINOMACH ranked 281th in the Fortune Global 500 enterprises in 2020.

SUMEC has become a modern manufacturing service group focusing on three fields: trade and service, engineering contracting, and investment and development. 

In 2019, the main business income of SUMEC exceeded RMB 84.8 billion, and the total volume of import and export exceeded USD 7.5 billion.

SUMEC International Technology Co., Ltd. was incorporated in March 1999 . It is a core subsidiary of SUMEC GROUP CORPORATION. 

SUMEC-ITC specializes in bidding and importing/exporting mechanical and electrical equipment, as well as domestic trade of bulk commodities (steel, minerals, coal, petroleum derivative, forest product, raw material of textile, etc.). 

It is headquartered in Nanjing city, and has over 20 wholly-owned or majority-owned subsidiaries in Dubai, Singapore, Hong Kong, Beijing, Shanghai, and other cities in China.

Statistics of China’s wood-importing business 

Summary of 2020 wood business in China 

  • In 2020, domestic wood production volume was 87.27 million m3, and importing wood volume in total was 93.35 million m3. 
  • Importing business contributed 53% of the whole wood trading volume. 
  • Value of imported wood: 16.04 billion USD, which is 11.8% less than previous year. 

Main Industries in China that consume wood

Logs importing trend (2002-2020) 

Blue: Softwood

Red: Hardwood

Lumber importing trend (2002-2020) 

Blue: Softwood

Red: Hardwood

  • In 2021, SUMEC-ITC is estimated to import more than 1.5 million m3 wood in total with the value of 300 million USA.
  • It contributes around 2% of China’s overall importing volume. 
  • Details: 
    • European Spruce logs: 300,000 m3
    • European lumber: 300,000 m3
    • Brazil pine logs: 300,000 m3
    • Others: 600,000 m3

Sumec Import cases

Advantages of SUMEC-ITC:

  • More than 20 years experiences on the international wood trading business. 
  • Great reputation in the wood market 
  • Strong capacity on capital 
  • Employees cover all main ports in China
  • Supply chain management for clients