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Biesse Reports Declining Sales and Profit in 2024
ITALY – Biesse Group has reported a decline in its 2024 financial results, citing external economic and geopolitical challenges affecting the sector. Sales fell 3,9% to EUR 754.7 million, while EBITDA dropped 23,5% to EUR 58.9 million. Net profit plummeted 69.6%...
Horst Paulmann, Founder of Cencosud, Dies at 89
CHILE – Horst Paulmann Kemna, founder of Cencosud, passed away at 89 on March 11, 2025, in Germany, peacefully in his sleep. His family shared, "We find comfort in knowing he rested without suffering, but his absence leaves a great void in our hearts." Born in Kassel,...
Masisa Cuts Losses Despite Sales Drop in 2024
CHILE – Masisa, a leading company in the regional wood-based panel industry, has released its financial results for 2024, showing a slight decrease in sales but a significant improvement in its net loss compared to the previous year. The company posted USD 294.5...
Ligna 2025 with Over 1,300 Exhibitors
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...
Mixed Financial Results for Proteak in 2024
MEXICO – Proteak, the largest forestry company in Mexico specializing in MDF boards and teak, posted mixed financial results in its latest report. In the 4Q-2024, revenue grew 40.2% to MXN 328.1 million, driven by a 365,5% increase in other income. However, MDF sales...
Uniboard Invests USD 5.5 million in Robotic Technology
CANADA – Uniboard, Canada’s largest producer of particleboard and value-added products for a range of interior and exterior applications, has announced a USD 5.5 million investment in a cutting-edge robotic material handling system at its Val-d’Or facility. This...
Homag Achieves Stability in Orders, Cuts Costs in 2024
GERMANY – The Homag Group has met its targets for the 2024 fiscal year, navigating a difficult market environment. While order intake remained stable at EUR 1.357 million, slightly down from EUR 1.395 million in 2023, the company faced a significant drop in sales....
Kronospan Expands Romanian Presence
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...
Wooden Furniture Imports in Latam Rise 32,6% in 2024
COLOMBIA – Latin American countries have seen a notable increase in the import of wooden furniture in 2024 compared to the previous year, with a collective surge of 32,6%. The data shows that the total import value of wooden furniture reached USD 839.13 million, up...
Colombian Particleboard Imports Up 25,5% in 2024
COLOMBIA – Colombia’s imports of particleboard / MDP saw a notable increase in 2024, rising by 25,5% compared to the previous year, reaching a total of USD 172.19 million. This surge highlights the demand for wood-based products in the country, driven by several...
JYSK Expands to Uruguay, Opening First Store in South America
URUGUAY – On Saturday, 22 March 2025, Danish home furnishings retailer JYSK will open its very first store in South America, marking a historic milestone in the company’s global expansion. The new store will be located in Canelones, a city just north of the Uruguayan...
E-Commerce Drives Growth in Europe’s RTA Furniture Sector
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...
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Ligna 2025 with Over 1,300 Exhibitors
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...
Kronospan Expands Romanian Presence
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...
E-Commerce Drives Growth in Europe’s RTA Furniture Sector
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...
Mexico and Colombia Drive Chile’s Particleboard Export Growth in 2024
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...
Arauco will invest in a 39-megawatt thermal power plant in Argentina
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...
BIFMA Urges Caution on Potential Tariffs Impacting U.S. Furniture Industry
USA – BIFMA, representing commercial furniture manufacturers and suppliers across North America, emphasizes the importance of free trade in maintaining competitive global supply chains. The association warns against new tariffs that could disrupt trade relationships...
Slight Increase in Spanish Furniture Exports in 2024
SPAIN – Spanish furniture exports saw a 2.3% increase in 2024, reaching over EUR 3.1 billion. France remains the top destination, accounting for 26% of exports, though it saw a 2.8% decline. Portugal (+4.6%), Germany (+0.4%), Italy (+10.7%), and the Netherlands (+9%)...
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