CHILE – Arauco’s sales revenue amounted to USD 1,594.9 million in the third quarter of 2023 (3Q-2023), reflecting a 15.1% decrease compared to 3Q-2022.
Eucatex Sales and Profit Up in 3Q-2023
BRAZIL – Eucatex, a leading manufacturer of wood-based panels in Brazil, reported that sales revenue in 3Q-2023 reached BRL 684.7 million, compared to BRL 672.8 million in 3Q-2022, a slight increase of 1.8%.
Ingka Investments acquires Solar PV Park in Romania for EUR 200 million
ROMANIA – Ingka Investments, part of Ingka Group (owner of more than 370 Ikea stores and 100 planning studios in 31 countries around the globe), has acquired a 300MWp solar PV park in Romania with a total investment exceeding EUR 200 million.
Sicam 2023: More than 20.000 Visitors
ITALY – The 14th installment of SICAM, hosted in Pordenone from October 17th to October 20th, surpassed expectations with over 650 exhibitors from Italy and 34 foreign countries.
IMA Schelling Introduces Wooden Panel Stacking Solution
GERMANY – IMA Schelling Group introduces cutting-edge software that dynamically plans the stacking of machined wooden panels for increased workplace safety and optimal line utilization in the woodworking industry.
Kevin Sauder Honored for Distinguished Service
USA – The Distinguished Service Award, the highest honor from the American Home Furnishings Alliance (AHFA), was recently presented to Kevin J. Sauder, the President and CEO of Sauder Woodworking in Ohio.
Homag Responding to Weak Demand
GERMANY – Responding to a significant decline in order intake during the first nine months of 2023, the Homag Group is implementing measures, including cutting nearly 600 jobs globally.
SCM Group is Again a Best Managed Company in Italy
ITALY – For the third consecutive year, SCM Group has been honored with the Best Managed Companies Award, recognizing entrepreneurial excellence in Made in Italy.
Dexco Reports 3Q-2023 Results
BRAZIL – Dexco, the largest wooden panel manufacturer in Brazil, faced challenges due to market weaknesses in the 3Q-2023, impacting sales volumes negatively.
Pelikano Presents its New 2023-2024 Collection
ECUADOR – Pelikano, regional leader in melamine boards, presents its 2023 – 2024 collection focused on “Free your senses” with unique colors and textures.
Leo Lübke is the new President of the Association of the German Furniture Industry
GERMANY – Leo Lübke is the new President of the Association of the German Furniture Industry (VDM). The general meeting unanimously elected the 59-year-old entrepreneur as the successor to Elmar Duffner.
Pfleiderer Wins German Sustainability Award
GERMANY – Pfleiderer, a leading manufacturer of premium engineered wood products, laminates and resins, has won the German Sustainability Award (DNP) 2024 in the Basic Materials/Wood Processing category.