GERMANY – As Ligna approaches its 50th anniversary edition, the trade fair for the woodworking and wood processing industry has seen an impressive surge in exhibitor registrations. 1,337 exhibitors have signed up so far, surpassing the 1,288 exhibitors from the 2023...
ROMANIA – Austrian wood products manufacturer Kronospan has announced the acquisition of the ZG Timber Sebes plant from the insolvent Ziegler Group. The agreement, signed on March 1, 2025, is expected to be finalized by mid-year, pending regulatory approvals. With...
ITALY – The ready-to-assemble (RTA) / flat-pack furniture sector continues to hold a major share in the European furniture market, accounting for more than 20% of total consumption on average. This growth is largely driven by the rapid expansion of e-commerce, which...
PORTUGAL – Surteco, a global leader in surface technology, has announced the launch of Circular Edge, a new line of sustainable polypropylene (PP) edgebands designed to meet the growing demand for eco-friendly materials in the furniture industry. Based on the widely...
CHILE – Arauco, the Chilean forestry and wood products company, reported strong financial results for the fourth quarter and full year of 2024, showing notable growth in sales and profitability. In 4Q-2024, Arauco achieved sales of USD 1,661.6 million, a 5.9% increase...
USA – Lowe's Companies, Inc., one of the largest global home improvement retailer, reported net earnings of USD 1.125 billion for the fourth quarter ending January 31, 2025, a 10.3% increase from USD 1.020 billion in the same period last year. Total sales for the...
CHILE – Chilean particleboard (MDP) exports experienced an important increase in 2024, reaching USD 123.08 million, a 22.6% increase compared to the previous year. The growth was driven primarily by strong demand in key markets such as Mexico, Colombia, and the United...
USA – Paul S. Bush, the visionary founder of Bush Industries, Inc., and a prominent figure in the American Ready-To-Assemble (RTA) furniture industry, has passed away. Born on May 5, 1936, in Olean, NY, Bush’s life was marked by his entrepreneurial spirit, dedication...
ITALY – At Ligna 2025, SCM Group will mark its 50th anniversary at the world’s leading woodworking trade fair, solidifying its position as a global industry leader. With a strong focus on innovation and cutting-edge technology, SCM will present a variety of solutions...
GERMANY – In January 2025, Siempelkamp became the first company to join the Maschinenraum ecosystem this year, a network supporting family businesses in addressing key transformation challenges. As a leading technology supplier in machine and plant engineering,...
ARGENTINA – Arauco Argentina is developing an investment of over USD 250 million to modernize its pulp mill in Puerto Piray, Misiones. The project includes the installation of a new 39-megawatt turbo generator, which will initially supply power exclusively to the...
CANADA – Dorel Industries Inc. , a leader in North American furniture manufacturing, has entered into a sale-leaseback transaction involving its factory and warehousing facility in Columbus, Indiana, to improve its financial standing. The sale will generate USD 30...
