ECUADOR – Novopan, the leading exporter of particleboard in Latin America, has inaugurated a new Pelikano Experience Center in Trujillo, Peru, reinforcing its regional expansion strategy and commitment to innovation in interior design and construction....
ITALY – The latest financial data available for Italy's top wood-based panel companies (2023) reveals a year of mixed results. According to Acimall studies office, many companies faced revenue declines, though some managed to remain profitable. Media Profili, the...
BRAZIL – Arauco has officially launched its Sucuriú Project with the groundbreaking ceremony of a new pulp plant in Inocência, Mato Grosso do Sul. This marks the start of the largest investment in the company’s history, valued at USD 4.6 billion. Once...
INDIA – Metro Decorative Pvt. Ltd. has successfully commissioned a new pressurized refining system supplied by international technology group Andritz at its medium-density fiberboard (MDF) production facility in Kashipur, Uttarakhand. The new line has already produced...
AUSTRIA – Kronospan has acquired the m/v Spanaco Star (IMO 9071557), a fully box open hatch gantry craned handymax cargo vessel, as part of a strategic move to secure reliable and cost-effective transoceanic transport for its wood-based panels and lumber....
ECUADOR – Novopan, a regional leader in high-quality wooden panel production, has been named one of Ecuador’s best employer brands by Employer Branding Ecuador. The award acknowledges Novopan’s commitment to professional development, process innovation, and fostering...
PORTUGAL – Sonae Arauco, a leading global manufacturer of wood-based panels, is investing approximately EUR 50 million in its Oliveira do Hospital plant in Portugal. The investment aims to enhance the plant’s competitiveness, sustainability, export capabilities, and...
SPAIN – Garnica, a global leader in sustainable plywood production, has announced the opening of its first U.S. office in Raleigh, North Carolina, marking a major step in its North American expansion. The new location also supports Garnica’s recently launched U.S....
FINLAND – Koskisen, a Finnish leader in wood processing, is advancing its production with AI-driven technology, enhancing its high-quality products such as sawn timber, plywood, and chipboard. In 2023, the company reported a turnover of EUR 271 million, underscoring...
BRAZIL – Eucatex reported strong sales growth in 2024, but profits declined compared to the previous year. In the 4Q-2024, sales totaled BRL 753.6 million, a 13.6% increase from BRL 663.1 million in 4Q-2023. In the Industry and Resale segment, which includes...
BRAZIL – Dexco, the largest wood panel manufacturer in Brazil, reported a 5.9% increase in consolidated revenue for 4Q- 2024, reaching BRL 2,064.2 million. This growth was driven by strong performance in the Metals and Sanitary Ware division, benefiting from a richer...
MEXICO – Proteak, the largest forestry company in Mexico specializing in MDF boards and teak, posted mixed financial results in its latest report. In the 4Q-2024, revenue grew 40.2% to MXN 328.1 million, driven by a 365,5% increase in other income. However, MDF sales...
