USA – Cabinetworks Group, the largest privately owned cabinet maker in the U.S., recently announced the closure of its manufacturing facilities in Marshall and Jefferson, Texas.
Blum Reports Stable Turnover Compared to Previous Year
AUSTRIA – Blum, headquartered in Höchst, Austria, will close the 2023/2024 financial year on June 30, 2024 with a turnover of EUR 2.29 billion, marking a slight decrease of -1.2% compared to the previous financial year.
Strong Increase of Brazilian Particleboard Exports in 5M-2024
BRAZIL – Brazil’s exports of Particleboard / MDP (Medium Density Particleboard) from January to May 2024 showed significant growth compared to the same period in 2023.
New FSC Forest Stewardship Standard for Peru
PERU – FSC is pleased to announce the official publication of the new FSC Forest Stewardship Standard for Peru, which covers all categories of Management Units in natural forests and plantations, including small and low intensity managed forests, as well as Non-Timber Forest Products.
Succesful ForMobile Participation for SCM Group
BRAZIL – The ForMóbile international trade fair for the wood and furniture industry took place in Sao Paulo, Brazil, from July 2 to 5.
Tafisa Starts Selection Process for New CEO
CANADA – The Board of Directors of Tafisa Canada has recently begun the search for a new CEO to succeed Mr. Louis Brassard.
Henkel Achieves Renewable Energy Goal in Middle East and Africa
GERMANY – Henkel Adhesive Technologies, a global leader for adhesives, sealants, and functional coatings, has achieved a major sustainability milestone: all of its manufacturing sites in the Middle East and Africa (MEA) now operate on 100% renewable electricity.
Roland Auer Steps Down as CEO of Schattdecor
GERMANY – Following Schattdecor’s recent announcement of Roland Auer’s resignation from his position due to personal reasons effective July 15, 2024, the CEO bid farewell to employees in an emotional letter.
Bürkle Chooses Homag Denmark as New Sales Partner
DENMARK – Robert Bürkle GmbH, a global leader in presses and coating technologies, has restructured its sales in Denmark, ending its partnership with Nicholaisen A/S.
Ikea Expands with Small Store Format on Fifth Avenue in New York
USA – Ikea, the Swedish furniture giant, is establishing a small-format store in a significant retail and office project on Fifth Avenue in New York City, an area where luxury brands have faced challenges post-pandemic, deterring shoppers.
MasterBrand Finalizes Acquisition of Supreme Cabinetry Brands
USA – MasterBrand, a leading manufacturer of residential cabinetry in North America, has completed the acquisition of Supreme Cabinetry Brands Inc. from GHK Capital Partners LP for USD 520 million in cash.
Arauco Successfully Completes FSC Forest Management Monitoring Audit
CHILE – On July 3, the FSC Forest Management follow-up audit (FSC-C108276), conducted by the Soil Association certification house, was successfully completed.