ECUADOR – According to the annual ranking of the Top 1000 Ecuadorian Companies published by Ekos Magazine, profits of companies of the Woodworking and Furniture segment dropped 38.3% in 2015 as they reached USD 25.1 million compared to USD 40.7 million in 2014.

Of the companies that made the Top 1000 ranking, only Empresas Durini (EDIMCA), a network of specialty stores for construction, woodworking and the furniture industry, and board manufacturer Aglomerados Cotopaxi (ACOSA), were able to improve profits during 2015. The companies most affected by a drop in profit were plywood manufacturer Botrosa (-227.9%), followed by furniture retailers Muebles el Bosque (-91.5%) and Colineal (-52.3%).

Ecuador´s largest wood panel manufacturer Novopan was again the leader in 2015 among the listed companies of the Woodworking and Furniture segment, with sales of USD 120.4 million (2014: USD 122.3 million). Although Novopan’s sales were down only by 1.5% against 2014, profits for the company were down by 39.7% in 2015 against the previous year.

Ecuador Wood and Furniture Sector Profit / Loss

Main Companies. Million USD

Ecuador Wood and Furniture Sector Sales

Main Companies. Million USD