SPAIN – The 40th edition of FIMMA + Maderalia in Spain concluded with great success, marking a significant milestone for the country’s wood industry.
B&Q Aims for 100% Responsibly Sourced Wood by 2024
United Kingdom – B&Q, the UK’s largest home improvement retailer, disclosed that it responsibly sourced 99.3% of its timber and paper products in 2023, with plans to reach 100% by 2024.
Arbonia Acquires the Spanish Market Leader for Doors
SWITZERLAND – Arbonia is expanding its presence in Europe’s interior and special door markets through acquisitions.
Peruvian Particleboard Imports Down in 1Q-2023
PERU – In the first quarter of 2024 (1Q-2024), imports of particleboard (PB/MDP) to Peru reached a total value of USD 32.11 million, representing a significant decrease of 21.4% compared to the same period in 2023 (USD 40.86 million).
Coral at The Forefront for Green Transition in Italy
ITALY – The Italian government, through the Ministry of Business and Made in Italy, has allocated over 13 billion euros for the “Transition 5.0 Plan” in 2024/2025.
Aglomerados Cotopaxi Certified as Carbon Negative
ECUADOR – Aglomerados Cotopaxi, a well-known producer of wood panels, is the first company in Ecuador to be verified as Carbon Negative, making a significant contribution to sustainable development.
Owens Corning Completes Acquisition of Masonite
USA – Owens Corning has completed its USD 3.9 billion acquisition of Masonite International Corporation, a global leader in interior and exterior doors.
Homag Sales fall 14.1% in 1Q-2024
GERMANY – The Homag Group’s sales declined 14.1% in the 1Q-2024 due to last year’s significant drop in demand.
Biesse Sales in 1Q-2024 Down 6.5%
ITALY – Biesse Group – a leader in technology and machinery for processing wood and other materials – recently reported its financial results for 1Q-2024, which closed with sales revenues of EUR 195.8 million, 6.5% less than the EUR 209.5 million obtained in the same period of the previous year.
Eucatex Publishes 1Q-2024 Results
BRAZIL – Eucatex, one of the largest wood-based panel manufacturers in Brazil announced its results for the first quarter of 2024 (1Q-2023).
MasterBrand Sales Down in 1Q-2024
USA – MasterBrand, Inc., the largest residential cabinet manufacturer in North America, recently disclosed its financial results for the first quarter of 2024 (1Q-2024).
Ikea Opens Its Tenth Store in Switzerland
SWITZERLAND - Ikea has inaugurated its tenth furniture store in Switzerland: The Riddes branch in Valais is the most modern Ikea store in Switzerland. With approximately 23,000 square meters of retail space spread across two floors, customers will discover a wide...