GERMANY – According to the latest data from the Verband der Deutschen Küchenmöbelindustrie (VdDK), the German kitchen furniture industry has experienced a notable downturn in sales in first months 2024.
Homag Completes Acquisition of System TM
GERMANY – The Homag Group (Schopfloch) has completed its acquisition of System TM, by purchasing the remaining 20 percent of shares at the beginning of April 2024.
Egger Group Announces Retirement of Ulrich Bühler After 24 Years of Service
AUSTRIA – The Egger Group, one the largest wooden panel manufacturers in the world, bids a fond farewell to Ulrich Bühler as he embarks on his well-deserved retirement at the end of April 2024.
Wayfair Announces Opening Date for Its First Large-Format Store
USA – Wayfair Inc. recently announced the grand opening of its inaugural large-format Wayfair store on May 23, 2024, at 10 a.m. Spanning nearly 14,000 square meters, the Wayfair store is situated in Edens Plaza in Wilmette, Illinois.
Fimma Brasil 2025 Begins Space Commercialization
BRAZIL – One of the world’s largest furniture sector fairs, the International Fair of Suppliers for the Wood and Furniture Production Chain (Fimma Brasil), occurs in Bento Gonçalves.
Services Account for 25% of Total Machinery Sector Turnover
ITALY – The comprehensive insights from the “Digital Servitisation in the Machinery Sector” observatory carried out by Digital Industries World and presented on April 11th, 2024, offer a detailed understanding of the significance of service activities within the machinery sector’s economic landscape.
Strong Increase in Brazilian Particleboard Exports in 1Q-2024
BRAZIL – In the first quarter of 2024 (1Q-2024), the value of Brazil’s exports of particleboard (PB/MDP) totaled USD 30.67 million, marking a notable increase of 35.3% compared to the same period in the previous year, when exports amounted to USD 22.67 million.
Ecuadorian Imports of Decor Paper Down 17.7% in 2M-2024
ECUADOR – The value of Ecuadorian imports of decorative papers for wood panel surfaces amounted to USD 5.60 million in the first two months of 2024 (2M-2024).
Ikea Expands Electric Vehicle (EV) Charging Stations
NETHERLANDS – Ingka Group, the largest Ikea retailer worldwide, is expanding its EV charging networks, installing 1,000 new charging points in its stores in Germany by 2028 and 1,000 more in its stores in in Norway, Denmark, and Sweden by 2024.
Homag in Strategic Partnership with Luli Wood Industry
CHINA – In the final quarter of 2023, the German-based company Homag, a leading provider of integrated solutions for the woodworking industry, secured a substantial order from China’s Luli Wood Industry.
Weinig to Manufacture Three Stähle-Hess Machinery Models
GERMANY – Prior to Holz-Handwerk 2024, Weinig signed a contract to take over the grinding machine program of Stähle-Hess GmbH.
Egger Group Acquires Majority Stake in Italian Recycling Company Cartfer Urbania S.r.l.
ITALY – The Egger Group has secured a 60% ownership in Cartfer Urbania S.r.l., a leading recycling company situated in Urbania, Italy, at the core of the Italian furniture industry.