ECUADOR - Novopan, a leading Ecuadorian company in high-quality wooden panel manufacturing, has been awarded the Good Forest Practices for commercial forestry plantations recognition by the Ministry of Agriculture and Livestock. This makes Novopan the first company in...
CHILE - Arauco, a global leader in the forestry and wood products sector, has reported positive financial results for the first half of 2024, highlighting a strong recovery and growth in both revenue and profitability. For January to June 2024, Arauco achieved sales...
ECUADOR - Ecuador's exports of particleboard / MDP recorded a decrease in the first half of 2024 (6M-2024). The total value of particleboard exports in 6M-2024 fell to USD 99.4 million, representing a 5.4% decrease compared to the same period in 2023 (6M-2023: USD...
USA - Sauder Woodworking Co., North America's top producer of ready-to-assemble (RTA) furniture and one of the leading residential furniture manufacturers in the U.S., continues to demonstrate its commitment to environmental responsibility. In 2023, Sauder’s...
BELGIUM - The EU's new sustainability regulations are significantly affecting industries both within and beyond its borders. The wood industry, in particular, is facing increasing pressure to adopt sustainable practices in wood production, processing, and sales. While...
FINLAND - The Board of Directors of Raute, a global leading maker of veneer, plywood and LVL technologies, has approved a plan to merge its wholly-owned subsidiary, Hiottu Oy, into Raute Corporation. The merger is set to take place on December 31, 2024. Raute first...
USA - The International Woodworking Fair (IWF), which concluded earlier this month, attracted a global audience of professionals from various segments of the woodworking industry. Held at the Georgia World Congress Center in Atlanta from August 6 to 9, the event was a...
USA - Lowe's, one of the largest global home improvement retailers, reported weaker-than-expected sales in the 2Q-2024 and reduced its full-year outlook due to a slowdown in spending on major home improvement projects. The company attributed the sales decline to...
LATVIA - In early July, SIA Kronospan Riga acquired KS Terminal, the fourth-largest cargo terminal at the Port of Riga. This move strengthens Northern European operations of Kronospan and creates new growth opportunities. By late July, the Kronospan cargo ship...
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...
