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Kronospan Luxembourg starts production of particleboard using 100% recycled wood
LUXEMBOURG – Kronospan Luxembourg S.A. recently announced the successful production of its inaugural panel of particleboard (PB) crafted entirely from 100% recycled wood.
Italian Wood Processing Technology Exports Down 6.1% in 1Q-2024
ITALY – Acimall, the Italian association for woodworking machinery and technologies, has released data indicating that exports totaled EUR 379.4 million in the first quarter of this year, marking a 6.1% decline compared to the same period in 2023.
Brazilian Furniture Exports to South America Up 10.5% in first 5M-2024
BRAZIL – In the first five months of 2024 (5M-2024), Brazilian wooden furniture exports totaled USD 65.71 million, marking a 10.5% improvement from the same period in 2023 (5M-2023: USD 59.47 million).
Dieffenbacher Restructures in Latin America
BRAZIL – German machine and plant manufacturer Dieffenbacher is restructuring its Wood business unit in Latin America, effective July 1, 2024.
Scm Group Acquires Tecno Logica
ITALY – Scm Group, a leading multinational in technologies for machining wood and other materials, recently signed an agreement with Tecno Logica to take over control of its share capital.
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).
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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).
Sicam 2024 Exhibitor List Now Accessible Online
ITALY – The exhibitor directory for Sicam 2024 is now available online, offering a preview ten months ahead of the event scheduled from October 15th to 18th. Easily accessible with a click, this comprehensive list showcases companies participating in the fifteenth edition of the International Fair of Components, Accessories, and Semi-finished Products for the Furniture Industry.
Ecuadorian Imports of Decorative Paper Experience a 34.5% Decline in 2023
ECUADOR – The total value of decorative paper imports for wood panel surfaces in Ecuador amounted to USD 31.94 million in 2023. This represented a noticeable decrease of 34.5%% compared to the previous year (2022: USD 48.81 million).
Sharp Decline in Brazilian Particleboard Exports in 2023
BRAZIL – The value of Brazilian particleboard (PB/MDP) exports in 2023 reached USD 80.74 million, marking a substantial drop of 25.9% compared to the USD 108.94 million exported in the previous year.
CAF Invests USD 25 million in Reforestation in Latin America
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