EU Council Delays Deforestation Regulation by One Year

BELGIUM - The European Council has reached a consensus to amend the EU deforestation regulation (EUDR), delaying its implementation by 12 months. This extension allows third countries, member states, operators, and traders to adequately prepare for due diligence...

Dieffenbacher Acquires Pagnoni Impianti

ITALY - Effective October 7, 2024, Dieffenbacher , a leading German machine and plant manufacturer, has acquired the Italian family-owned company Pagnoni Impianti S.r.l., located in Aicurzio, about 30 kilometers northeast of Milan. The company will now operate under...

Strong Recovery in Argentinian Decor Paper Imports

ARGENTINA - Argentina’s imports of wooden panel decor paper from January to July 2024 totaled USD 15.3 million, showing notable growth compared to USD 3.2 million in the same period of 2022. Although this represents a 16.4% decrease from USD 18.3 million in 2023, the...

Sustainable Design, New Red Dot Award Meta-Category

GERMANY - The Red Dot Award, recognized worldwide for its excellence in design, has broadened its scope by introducing a new meta-category focused on sustainable design. This category aims to highlight products that are not only aesthetically pleasing and functional...

Brazilian Cultivated Tree Sector Surpasses 10 Million Hectares

BRAZIL - According to the latest Ibá (Brazilian Tree Industry) Annual Report, the cultivated tree sector in Brazil has surpassed 10 million hectares for the first time. These trees produce renewable, biodegradable, and recyclable bioproducts for over 2 billion people...

Ikea Opens Its Third Store in Colombia

COLOMBIA - Ikea has opened a new store in Medellín, continuing its regional expansion plan in partnership with Falabella. This new location, at the Viva Envigado shopping center, spans 18,000 square meters, with 12,200 square meters dedicated to sales. Customers can...

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