USA – Innergy, a leading ERP software provider for custom millwork and cabinetry manufacturers, has acquired Microvellum, a pioneer in woodworking design software. This strategic acquisition unites two industry leaders, promising improved efficiency, integration, and...
BRAZIL – Dexco, the largest wood panel manufacturer in Brazil, reported a 5.9% increase in consolidated revenue for 4Q- 2024, reaching BRL 2,064.2 million. This growth was driven by strong performance in the Metals and Sanitary Ware division, benefiting from a richer...
GERMANY – Surteco Group, one of the world's leading full-service providers of decorative surfaces, has reported preliminary sales of EUR 856.6 million for the year 2024, marking a 2,6% increase compared to the previous year's figure of EUR 835.1 million. This growth...
BELGIUM – The European Commission has initiated an anti-dumping investigation into imports of Brazilian softwood plywood following a complaint from the Softwood Plywood Consortium (SPC), which represents major European producers. The probe aims to determine whether...
ITALY – Biesse Group has reported a decline in its 2024 financial results, citing external economic and geopolitical challenges affecting the sector. Sales fell 3,9% to EUR 754.7 million, while EBITDA dropped 23,5% to EUR 58.9 million. Net profit plummeted 69.6%...
MEXICO – Proteak, the largest forestry company in Mexico specializing in MDF boards and teak, posted mixed financial results in its latest report. In the 4Q-2024, revenue grew 40.2% to MXN 328.1 million, driven by a 365,5% increase in other income. However, MDF sales...
COLOMBIA – Latin American countries have seen a notable increase in the import of wooden furniture in 2024 compared to the previous year, with a collective surge of 32,6%. The data shows that the total import value of wooden furniture reached USD 839.13 million, up...
CHILE – Horst Paulmann Kemna, founder of Cencosud, passed away at 89 on March 11, 2025, in Germany, peacefully in his sleep. His family shared, "We find comfort in knowing he rested without suffering, but his absence leaves a great void in our hearts." Born in Kassel,...
CANADA – Uniboard, Canada’s largest producer of particleboard and value-added products for a range of interior and exterior applications, has announced a USD 5.5 million investment in a cutting-edge robotic material handling system at its Val-d’Or facility. This...
COLOMBIA – Colombia’s imports of particleboard / MDP saw a notable increase in 2024, rising by 25,5% compared to the previous year, reaching a total of USD 172.19 million. This surge highlights the demand for wood-based products in the country, driven by several...
CHILE – Masisa, a leading company in the regional wood-based panel industry, has released its financial results for 2024, showing a slight decrease in sales but a significant improvement in its net loss compared to the previous year. The company posted USD 294.5...
GERMANY – The Homag Group has met its targets for the 2024 fiscal year, navigating a difficult market environment. While order intake remained stable at EUR 1.357 million, slightly down from EUR 1.395 million in 2023, the company faced a significant drop in sales....
