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European Production of Wood-Based Panels Down 6% in 2023
BELGIUM – In 2023, European production of wood-based panels experienced a notable decline of 6.3%, as reported by the European Panel Federation (EPF).
Sodimac Opens 14th Store in Mexico
MEXICO – The Chilean home improvement chain Sodimac has significantly bolstered its presence in Mexico with the inauguration of its 14th store in Monterrey, encompassing an expansive sales area spanning 8,400 square meters.
The Home Depot Completes Acquisition of SRS Distribution
USA – The Home Depot, the world’s largest home improvement retailer, has successfully finalized the acquisition of SRS Distribution, Inc. (SRS) for a total enterprise value of around USD 18.25 billion.
Blum Published its First Sustainability Report
AUSTRIA – Julius Blum GmbH, a leading Austrian manufacturer of high-quality kitchen and furniture hardware, has published its first sustainability report for the 2022/2023 fiscal year.
Idea Italia Integrates Threespine Technology for International Expansion
GUATEMALA – Idea Italia has chosen Välinge Innovation’s groundbreaking Threespine Click Furniture Technology to enhance their product line with easy-to-assemble kitchen cabinets, as they expand further into the North and South American markets.
Kesseböhmer is Expanding its Plant in China
CHINA – Kesseböhmer, a global leading supplier of kitchen interior fittings, celebrated a milestone in mid-June with the groundbreaking ceremony for the expansion of its plant in Changzhou/Jintan, China.
Peruvian Furniture Imports Grow in 4M-2024
PERU – In the first four months of 2024 (4M-2024), the value of Peruvian imports of wooden furniture reached USD 15.28 million, registering an increase of 8.1% compared to the same period of the previous year (4M-2023: USD 14.14 million).
Novopan Orders an Energy Plant from Dieffenbacher
ECUADOR – Dieffenbacher has secured an important order from Novopan del Ecuador for a 30 MW energy plant featuring reciprocating grate technology to burn waste wood.
EU Commission Initiates Anti-Dumping Investigation on Chinese Decor Paper Imports
BELGIUM – The EU Commission has initiated anti-dumping proceedings against decor paper imports from China. A corresponding publication was made in the Official Journal of the European Union.
Sonae Arauco Introduces Innovative Digital Plant Model
GERMANY – Sonae Arauco, one of the world’s most relevant companies for engineered wood solutions, is at the forefront of Industry 5.0, integrating advanced technologies like artificial intelligence, robotics, the Internet of Things (IoT), digital twins, and virtual reality to enhance sustainability and operational efficiency.
First Edition of interzum forum Italy Received Visitors From 52 Countries
ITALY -The inaugural interzum forum Italy, held in Bergamo, concluded with remarkable success. This biennial event, a new addition to the global calendar of furniture and interior design gatherings, brought together industry professionals worldwide.
Microsoft to Purchase 8 million Carbon Credits from BTG Pactual in Record Deal
USA – BTG Pactual Timberland Investment Group (TIG) has recently forged a transformative partnership with Microsoft, poised to deliver 8 million tons of carbon offset credits by 2043.
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Orders for Italian Wood Processing Technology Down in 4Q-2023
ITALY – Acimall, the association representing Italian woodworking and furniture machinery and technology manufacturers, has released a report indicating a sustained decrease in orders, mirroring trends observed in previous quarters.
Peruvian Imports of Particleboard Decline 13.5% in 2023
PERU – Imports of particleboard (PB/MDP) to Peru amounted to a total value of USD 140.11 million in 2023, marking a decline of 13.5% compared to 2022 (USD 161.94 million).
Panamanian Wooden Furniture Imports Decrease Slightly in 2023
PANAMA – The value of Panamanian wooden furniture imports had a slight decrease of 0.7% in 2023. Reaching USD 49.33 million, compared to USD 49.65 million in 2022.
Italian Wood Furniture Industry Down More Than Expected in 2023
ITALY — In its most recent monitor report, FederlegnoArredo, the Italian federation representing woodworking and furniture industries, revealed a significant 8.1 percent decline in turnover within the wood furnishing sector for 2023, totaling EUR 52.6 billion.
Owens Corning to Acquire Masonite for USD 3.9 Billion
USA – Owens Corning, a prominent player in the construction and building materials industry, has made a significant move by announcing its acquisition agreement with Masonite International Corp.
Rev-A-Shelf Acquires Omega National Products
USA – Rev-A-Shelf, known for its cutting-edge home organization and storage solutions, recently announced the acquisition of Omega National Products, a respected leader in wood cabinetry accessories, hoods, and components.
Colombia’s Wooden Furniture Exports Stable in 2023
COLOMBIA – The value of Colombia’s wood furniture exports was stable in 2023 reaching USD 60.10 million. This value represented a small decrease of 1.0% compared to 2022 (USD 60.69 million).
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