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....
URUGUAY – On Saturday, 22 March 2025, Danish home furnishings retailer JYSK will open its very first store in South America, marking a historic milestone in the company’s global expansion. The new store will be located in Canelones, a city just north of the Uruguayan...
GERMANY – As Ligna approaches its 50th anniversary edition, the trade fair for the woodworking and wood processing industry has seen an impressive surge in exhibitor registrations. 1,337 exhibitors have signed up so far, surpassing the 1,288 exhibitors from the 2023...
ROMANIA – Austrian wood products manufacturer Kronospan has announced the acquisition of the ZG Timber Sebes plant from the insolvent Ziegler Group. The agreement, signed on March 1, 2025, is expected to be finalized by mid-year, pending regulatory approvals. With...
ITALY – The ready-to-assemble (RTA) / flat-pack furniture sector continues to hold a major share in the European furniture market, accounting for more than 20% of total consumption on average. This growth is largely driven by the rapid expansion of e-commerce, which...
PORTUGAL – Surteco, a global leader in surface technology, has announced the launch of Circular Edge, a new line of sustainable polypropylene (PP) edgebands designed to meet the growing demand for eco-friendly materials in the furniture industry. Based on the widely...
CHILE – Arauco, the Chilean forestry and wood products company, reported strong financial results for the fourth quarter and full year of 2024, showing notable growth in sales and profitability. In 4Q-2024, Arauco achieved sales of USD 1,661.6 million, a 5.9% increase...
USA – Lowe's Companies, Inc., one of the largest global home improvement retailer, reported net earnings of USD 1.125 billion for the fourth quarter ending January 31, 2025, a 10.3% increase from USD 1.020 billion in the same period last year. Total sales for the...
