GERMANY – The Homag Technology Days, held from March 12 to 14 in Holzbronn, showcased cutting-edge technologies for precise panel dividing and intuitive panel handling in furniture production, timber construction, and trade.
Home Depot Enters Professional Market with USD 18 billion Acquisition
USA – The Home Depot, the world’s largest home improvement retailer, is set to acquire SRS Distribution Inc., a leading provider in residential specialty trade distribution, in a deal worth approximately USD 18.25 billion.
Pablo Figueroa López Takes Over as Chairman of the European Panel Federation
BELGIUM – The European Panel Federation (EPF) appoints Pablo Figueroa López as its new Chairman, succeeding Martin Brettenthaler.
Sodimac Homecenter Opens it’s 42nd Store in Colombia
COLOMBIA – A new store at Mallplaza in Cali, a COP 73 billion investment, represents Sodimac’s commitment to innovation and customer experience.
Interzum Forum Italy 2024 Premieres in June
ITALY – In Bergamo on June 6th and 7th, Koelnmesse’s new biennial event, Interzum Forum Italy, will convene 200 companies from the furniture and interior design sectors for its inaugural edition.
Eucatex Publishes 2023 Results
BRAZIL – Eucatex, one of Brazil’s leading manufacturers of wooden panels released its financial results for the fourth quarter of 2023 (4Q-2023) and the full year 2023.
Slight Decrease of Ecuadorian Particleboard Exports in 2M-2024
ECUADOR – In the first two months of 2024 (2M-2024), Ecuador’s particleboard exports (PB/MDP) amounted to USD 34.08 million, marking a slight decrease of 0.8% compared to the same period last year (2M-2023: USD 34.37 million).
Russell Plywood Acquired by Würth Baer
USA – Würth Baer Supply Company announced the acquisition of Russell Plywood, based in Reading, Pennsylvania, with an additional site in Wilmington, Delaware.
Dorel Announces 4Q-2023 Results and Restructuring Plan
CANADA – Dorel Industries, a well-known Canadian manufacturer of home and children’s furniture, has announced a significant restructuring plan following its fourth-quarter earnings report.
Dieffenbacher Supplies MDF Plant to Thailand
THAILAND – Thai MDF producer Wisewoods Co. Ltd. has commissioned Dieffenbacher to supply a Cebro MDF plant to expand its production capacity at the company’s headquarters in Khao Yoi in the province of Phetchaburi.
Rehau Opens Edgeband Design Centre in Vadodara
INDIA – Rehau, a global leader in polymer solutions, recently unveiled its Edgeband Design Centre in Vadodara, Gujarat.
Sonae Arauco Joins the European Commission’s Forest-based Bioeconomy Dialogue
BELGIUM – Rui Correia, CEO of Sonae Arauco, joined the Forest-based Bioeconomy Dialogue initiated by the European Commission’s Executive Vice-President, Maroš Šefčovič, in Brussels.