China Launches USD 138 billion Venture Fund for Robotics and AI

CHINA – China’s National Development and Reform Commission has announced the creation of a state-backed venture capital fund focused on robotics, AI, and cutting-edge innovations. The long-term fund, aiming to raise nearly USD 138 billion over 20 years, will draw...

CSIL Releases North American Kitchen Furniture Market Report

ITALY – CSIL has released the updated edition of its Research Report on the Kitchen Furniture Market in North America, covering the U.S., Canada, and Mexico. With a market valued at over USD 20 billion, North America accounts for over a third of global demand. Despite...

Interzum 2025 to Focus on Circular and Biobased Solutions

GERMANY – In less than two months, interzum 2025 will take place in Cologne from May 20 to 23, bringing together global suppliers from the furniture and interior design industries. With preparations in full swing and strong registration numbers, the event reaffirms...

Deutsche Messe Introduces Free Public Transport for Ligna 2025

GERMANY – Travel to Ligna 2025 fairgrounds free of charge and CO₂-neutral within the greater Hanover area, thanks to the new Climate Ticket, available from March 21, 2025. Deutsche Messe, in collaboration with the ÜSTRA network, is making a significant move toward...

Sodimac Opens New Store in Peru

Sodimac Opens New Store in Peru

PERU – Sodimac continues its expansion in Peru with the opening of a new store in Chacarilla, Lima, solidifying its leadership in home improvement and construction solutions. The store, located at Av. Caminos del Inca 100, spans 3,624 m² and has created over 130 jobs,...

Hettich Group Reports Strong 2024 Growth

Hettich Group Reports Strong 2024 Growth

GERMANY – The Hettich Group, a leading manufacturer of furniture fittings headquartered in Kirchlengern, Germany, reported sales of EUR 1.4 billion in 2024, a 12% increase from the previous year, following its merger with FGV. International sales accounted for 80% of...

European Woodworking Machinery Set for Recovery

European Woodworking Machinery Set for Recovery

GERMANY – Markus Hüllmann, Chairman of the VDMA Woodworking Machinery Association, provided an optimistic outlook for the woodworking machinery sector at the press preview for Ligna 2025. Despite economic challenges and global competition, Hüllmann believes European...

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