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Dexco Achieves Increased Sales and EBITDA in 2Q-2024
BRAZIL - Dexco, Brazil's largest wooden panel manufacturer, reported 2Q-2024 sales of BRL 1,995.4 million, a 2.1% increase compared to 2Q-2023, which was BRL 1,953.8 million. The company’s total sales for the first half of the year reached BRL 3,931.4 million,...
Impress Decor Brasil Invests in New Facilities and Technology
BRAZIL - Impress Decor, a specialist in decorative surfaces for panels, furniture, and flooring, is investing BRL 30 million USD 5.4 million) to expand its operations in Araucária, Paraná. This includes building a new Design Center, set to open in early 2025 as...
Biesse Sales Affected by Geopolitical Factors in 6M-2024
ITALY - Biesse Group has reported its financial results for the period from January to June 2024 (6M-2024). Sales reached EUR 395.7 million, representing a decrease of 5.4% compared to EUR 418.2 million for the same period in 2023. EBITDA also declined, down 30% to...
West Fraser Publishes 2Q-2024 Results
USA - West Fraser OSB business in Europe is seeing improved demand in 2024, while MDF and particleboard are experiencing softer demand, according to the company’s 2Q-2024 update. “While inflation appears stable, risks such as high interest rates, geopolitical...
Andritz Supplies Fiberboard Recycling Line to Sonae Arauco
PORTUGAL - International technology group Andritz has been awarded a contract to supply a dry fibreboard recycling line to Sonae Arauco's mill in Mangualde, Portugal. This line will convert end-of-life fibreboards into valuable fibres for new production, marking it as...
Ikea Integrates AI Drones for Continuous Distribution Center Operations
BELGIUM - Ikea is advancing its drone technology with AI-powered systems designed to work around the clock with employees. After a successful trial at the Winterslag Distribution Centre in Belgium, Ikea plans to expand this system to more locations next year. This...
Miralis Group Inaugurates the Most Automated Factories in its Industry in North America
CANADA – Miralis, one of the largest manufacturers of kitchen cabinets in the country, has inaugurated two new production facilities, aiming to boost sales by exploring new markets and diversifying its product range. The company opened a new cabinet plant, named U2,...
LL Flooring Enters Chapter 11, Shutting Down Over 90 Locations
USA - LL Flooring has filed for Chapter 11 bankruptcy and plans to close over 90 of its stores, according to a U.S. Securities and Exchange Commission filing. The company aims to pursue a sale of its business while reducing its physical footprint. CEO Charles Tyson...
Significant Growth in Panama’s Particleboard Imports in First Half 2024
PANAMA - In the first six months of 2024, Panama's particleboard/MDP imports increased by 48.3% compared to the same period in 2023, totaling USD 7,122,364. The leading supplier countries were Ecuador, with an 18.3% increase (USD 2,263,045 ), compared to the same...
Novopan Obtains FSC Forest Management Certification
ECUADOR - In line with its commitment to sustainable forest management in its operations, Novopan Del Ecuador has achieved FSC Forest Management certification. This milestone demonstrates that the company's products originate from well-managed forests, controlled...
Homag Sales Down 14% in 6M-2024
GERMANY - The Homag Group continues to face the impact of investment reluctance, with decreased sales and earnings in the first half of 2024 (6M-2024). Sales dropped 14% to EUR 706 million, compared to EUR 817 million the previous year, reflecting ongoing market...
Egger Ends Financial Year With EUR 4.13 Billion in Turnover Despite Challenges
AUSTRIA - The Egger Group, one of the main wooden panel manufacturers in the world, reported a turnover of EUR 4.13 billion for the 2023/2024 financial year, reflecting a challenging economic environment. Despite a 7.1% decrease from the previous year and an 18.1%...
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Arbonia Acquires the Spanish Market Leader for Doors
SWITZERLAND – Arbonia is expanding its presence in Europe’s interior and special door markets through acquisitions.
Owens Corning Completes Acquisition of Masonite
USA – Owens Corning has completed its USD 3.9 billion acquisition of Masonite International Corporation, a global leader in interior and exterior doors.
All Set for interzum bogota
BOGOTA – Set to transform the future, the upcoming edition of interzum bogota will be held at Corferias from May 14 to 17. This pivotal event for the wood transformation and furniture manufacturing sectors will unite state-of-the-art solutions and the latest industry trends under one roof.
FIMMA + Maderalia 2024 With More Exhibitors
SPAIN – Preparations are complete for FIMMA + Maderalia, the major Spanish biennial trade fair for technology, machinery, and solutions in the wood, furniture, carpentry, and contract industries, which celebrates its 40th anniversary.
Koelnmesse Partners with La Feria De Diseño Medellín
GERMANY – As part of its internationalization strategy, Koelnmesse has partnered with La Feria De Diseño Medellín, positioning it as a premier design and lifestyle event in Latin America and the Caribbean.
LIGNA 2025 Explores Three Keys to Wood Processing
GERMANY – LIGNA 2025 in Hannover will center around three key topics: LIGNA.CONNECTIVITY, LIGNA.SUSTAINABLE PRODUCTION, and LIGNA.ENGINEERED WOOD.
Salone del Mobile 2024: Record-Setting Edition
ITALY – The Salone del Mobile.Milano 2024 saw an impressive turnout, with over 1,950 exhibitors from 35 countries.
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