BRAZIL - In 2023, Brazil's installed production capacity for medium-density fiberboard (MDF) and high-density fiberboard (HDF) reached a total of 8,055,000 cubic meters across 22 production lines. This capacity underscores Brazil's importance in the global wood-based...
USA - With the announcement of Flavio Nunes’ return to Brazil, CEO since 2015, a new team of directors will assume management of the North American unit effective October 14, 2024 The board, which will be shared between David Sheehan, CEO (Sales, Design, Marketing and...
GERMANY - Hettich's FurnSpin turn-and-swivel fitting has won the "Good Design Award 2024" from the Japan Institute of Design Promotion (JDP). This is the seventh time Hettich has received this award since 2014. The "Good Design Award" is Japan's premier...
ITALY - Neodecortech, based in Filago and a producer of decorative papers for wooden panels and flooring for interior design, has been recognized as one of the winners of the 2024 Best Managed Companies Award. This award is promoted by Deloitte Private, in...
SWEDEN - PhoneAlone ApS, a Danish manufacturer of soundproof telephone booths, integrates Välinge Innovation's Threespine Click Furniture technology into its new product line. The company has quickly established its innovative booths in the European market, providing...
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...
USA - Sauder Woodworking, the world's largest manufacturer of ready-to-assemble (RTA) furniture, has announced the appointment of Nolan Pike as President and Chief Executive Officer, effective October 21, 2024. He succeeds Kevin Sauder, who is retiring after more than...
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...
ITALY - For the fourth consecutive year, Scm Group has received the Best Managed Companies Award, recognizing the entrepreneurial excellence of Made in Italy. This award is promoted by Deloitte Private in collaboration with ALTIS - Graduate School of Sustainable...
ECUADOR - Ecuador's exports of particleboard / MDP from January to August 2024 (8M-2024) have experienced a slight overall decline compared to the previous year. Total exports reached USD 132.9 million, a 2.4% decrease from USD 136.2 million in 2023. Colombia...
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...
NETHERLANDS - Ingka Group , Ikea's largest retailer, reported its share of Ikea retail sales at EUR 39.6 billion for Fiscal Year 2024 (FY24), a 5% decline from EUR 41.7 billion in FY23. The company focused on lowering prices, investing over EUR 2.1 billion in...
