Forte Decides on Job Cuts

POLAND – The board of directors of the polish furniture manufacturer Forte SA made the decision to restructure the workforce to align with the current demand situation, which entails a reduction of approximately 10% in the workforce. The company will initiate discussions with labor unions to facilitate this process.

Nobia Sales Down 18% in 3Q-2023

Nobia Sales Down 18% in 3Q-202

SWEDEN – Nobia, one of the largest kitchen furniture manufacturers in Europe, is experiencing the impact of the current market dynamics. Notably, both private customer business and project business witnessed a decline in the third quarter.

Ecuador’s Particleboard Exports Down 8.8% in 9M-2023

ECUADOR – The total export value for particleboard (PB/MDP) from Ecuador amounted to USD 151,97 million in the January – September period 2023 (9M-2023), marking an 8.8% drop from the previous year’s figure of USD 166,62 million in 9M-2022.

Significant Drop in Brazilian Particleboard exports in 9M-2023

BRAZIL – BRAZIL – The value of Brazilian particleboard (PB/MDP) exports in the first nine months of 2023 (9M-2023) amounted to USD 57.85 million. This figure represented a substantial decline of 38.2% when compared to the USD 93.55 million exported in the same period of the previous year.

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