ITALY – Acimall, the Italian association for woodworking machinery and technologies, has released data indicating that exports totaled EUR 379.4 million in the first quarter of this year, marking a 6.1% decline compared to the same period in 2023.
Brazilian Furniture Exports to South America Up 10.5% in first 5M-2024
BRAZIL – In the first five months of 2024 (5M-2024), Brazilian wooden furniture exports totaled USD 65.71 million, marking a 10.5% improvement from the same period in 2023 (5M-2023: USD 59.47 million).
Dieffenbacher Restructures in Latin America
BRAZIL – German machine and plant manufacturer Dieffenbacher is restructuring its Wood business unit in Latin America, effective July 1, 2024.
Scm Group Acquires Tecno Logica
ITALY – Scm Group, a leading multinational in technologies for machining wood and other materials, recently signed an agreement with Tecno Logica to take over control of its share capital.
European Production of Wood-Based Panels Down 6% in 2023
BELGIUM – In 2023, European production of wood-based panels experienced a notable decline of 6.3%, as reported by the European Panel Federation (EPF).
Sodimac Opens 14th Store in Mexico
MEXICO – The Chilean home improvement chain Sodimac has significantly bolstered its presence in Mexico with the inauguration of its 14th store in Monterrey, encompassing an expansive sales area spanning 8,400 square meters.
The Home Depot Completes Acquisition of SRS Distribution
USA – The Home Depot, the world’s largest home improvement retailer, has successfully finalized the acquisition of SRS Distribution, Inc. (SRS) for a total enterprise value of around USD 18.25 billion.
Blum Published its First Sustainability Report
AUSTRIA – Julius Blum GmbH, a leading Austrian manufacturer of high-quality kitchen and furniture hardware, has published its first sustainability report for the 2022/2023 fiscal year.
Idea Italia Integrates Threespine Technology for International Expansion
GUATEMALA – Idea Italia has chosen Välinge Innovation’s groundbreaking Threespine Click Furniture Technology to enhance their product line with easy-to-assemble kitchen cabinets, as they expand further into the North and South American markets.
Kesseböhmer is Expanding its Plant in China
CHINA – Kesseböhmer, a global leading supplier of kitchen interior fittings, celebrated a milestone in mid-June with the groundbreaking ceremony for the expansion of its plant in Changzhou/Jintan, China.
Peruvian Furniture Imports Grow in 4M-2024
PERU – In the first four months of 2024 (4M-2024), the value of Peruvian imports of wooden furniture reached USD 15.28 million, registering an increase of 8.1% compared to the same period of the previous year (4M-2023: USD 14.14 million).
Novopan Orders an Energy Plant from Dieffenbacher
ECUADOR – Dieffenbacher has secured an important order from Novopan del Ecuador for a 30 MW energy plant featuring reciprocating grate technology to burn waste wood.