USA – Rev-A-Shelf, known for its cutting-edge home organization and storage solutions, recently announced the acquisition of Omega National Products, a respected leader in wood cabinetry accessories, hoods, and components.

COLOMBIA – The value of Colombia’s wood furniture exports was stable in 2023 reaching USD 60.10 million. This value represented a small decrease of 1.0% compared to 2022 (USD 60.69 million).

ITALY – The exhibitor directory for Sicam 2024 is now available online, offering a preview ten months ahead of the event scheduled from October 15th to 18th. Easily accessible with a click, this comprehensive list showcases companies participating in the fifteenth edition of the International Fair of Components, Accessories, and Semi-finished Products for the Furniture Industry.

ECUADOR – The total value of decorative paper imports for wood panel surfaces in Ecuador amounted to USD 31.94 million in 2023. This represented a noticeable decrease of 34.5%% compared to the previous year (2022: USD 48.81 million).

BRAZIL – The value of Brazilian particleboard (PB/MDP) exports in 2023 reached USD 80.74 million, marking a substantial drop of 25.9% compared to the USD 108.94 million exported in the previous year.

VENEZUELA – The Development Bank of Latin America and the Caribbean (CAF) has approved a USD 25 million investment in BTG Pactual Timberland Investment Group’s (TIG) Latin American reforestation strategy.

ECUADOR – Ecuador witnessed an 8.9% decline in the export value of particleboard (PB/MDP) in 2023, totaling USD 198.16 million (2022: USD 217.54 million).

BRAZIL – The export of wooden furniture from Brazil encountered a significant decrease of 14.3% in 2023, totaling USD 561.77 million compared to the USD 655.66 million recorded in 2022.

CHILE – The value of Chilean particleboard exports (PB/MDP) in the first ten months of 2023 (10M-2023) was USD 90.27 million which represented an increase of 15.5% compared to the same period last year (10M-2022: USD 78.18 million).

SPAIN – Homag España is confirmed to exhibit at the 2024 edition of FIMMA + Maderalia, scheduled from May 14-17, 2024, as announced by the event organizers.

SWITZERLAND – Founded in 1937, Willisau-based company Argolite AG has been a leading producer of laminate panels since 1953. With 80 employees, it is the sole Swiss manufacturer of HPL (High Pressure Laminates) meeting the EN438 quality standard.

USA- The United States wooden furniture imports reached USD 9.4 billion in the first nine months of 2023 (9M-2023). This represented a 26.5% decrease compared to the USD 12.8 billion imported in the same period of 2023.