BRAZIL - Dexco, Brazil's largest wooden panel manufacturer, reported 2Q-2024 sales of BRL 1,995.4 million, a 2.1% increase compared to 2Q-2023, which was BRL 1,953.8 million. The company’s total sales for the first half of the year reached BRL 3,931.4 million,...
BRAZIL - Impress Decor, a specialist in decorative surfaces for panels, furniture, and flooring, is investing BRL 30 million USD 5.4 million) to expand its operations in Araucária, Paraná. This includes building a new Design Center, set to open in early 2025 as...
ITALY - Biesse Group has reported its financial results for the period from January to June 2024 (6M-2024). Sales reached EUR 395.7 million, representing a decrease of 5.4% compared to EUR 418.2 million for the same period in 2023. EBITDA also declined, down 30% to...
USA - West Fraser OSB business in Europe is seeing improved demand in 2024, while MDF and particleboard are experiencing softer demand, according to the company’s 2Q-2024 update. “While inflation appears stable, risks such as high interest rates, geopolitical...
PORTUGAL - International technology group Andritz has been awarded a contract to supply a dry fibreboard recycling line to Sonae Arauco's mill in Mangualde, Portugal. This line will convert end-of-life fibreboards into valuable fibres for new production, marking it as...
BELGIUM - Ikea is advancing its drone technology with AI-powered systems designed to work around the clock with employees. After a successful trial at the Winterslag Distribution Centre in Belgium, Ikea plans to expand this system to more locations next year. This...
CANADA – Miralis, one of the largest manufacturers of kitchen cabinets in the country, has inaugurated two new production facilities, aiming to boost sales by exploring new markets and diversifying its product range. The company opened a new cabinet plant, named U2,...
USA - LL Flooring has filed for Chapter 11 bankruptcy and plans to close over 90 of its stores, according to a U.S. Securities and Exchange Commission filing. The company aims to pursue a sale of its business while reducing its physical footprint. CEO Charles Tyson...
PANAMA - In the first six months of 2024, Panama's particleboard/MDP imports increased by 48.3% compared to the same period in 2023, totaling USD 7,122,364. The leading supplier countries were Ecuador, with an 18.3% increase (USD 2,263,045 ), compared to the same...
ECUADOR - In line with its commitment to sustainable forest management in its operations, Novopan Del Ecuador has achieved FSC Forest Management certification. This milestone demonstrates that the company's products originate from well-managed forests, controlled...
GERMANY - The Homag Group continues to face the impact of investment reluctance, with decreased sales and earnings in the first half of 2024 (6M-2024). Sales dropped 14% to EUR 706 million, compared to EUR 817 million the previous year, reflecting ongoing market...
AUSTRIA - The Egger Group, one of the main wooden panel manufacturers in the world, reported a turnover of EUR 4.13 billion for the 2023/2024 financial year, reflecting a challenging economic environment. Despite a 7.1% decrease from the previous year and an 18.1%...
