Headlines
The Home Depot Sales Down 2.3% in 1Q-2024
USA – The Home Depot, the world’s largest home improvement retailer, recently reported sales of USD 36.4 billion for the first quarter of fiscal 2024 (1Q-2024).
Strong Booking Status for LIGNA’s 2025 Edition
GERMANY – At the end of May 2024, Deutsche Messe AG and the VDMA Woodworking Machinery Association reported excellent booking status for LIGNA 2025.
Wayfair Reports Results for 1Q-2024
USA – Wayfair Inc, one of the world’s largest online home furniture retailers, disclosed its first-quarter financial results for 2024 (1Q-2024), revealing mixed outcomes with a slight revenue decline and a significant net loss.
Pfleiderer Drives Sustainability Through ReSource Initiative
GERMANY – Pfleiderer prioritizes quality and sustainability, recycling wood efficiently to maximize its potential.
The German Woodworking Machinery Sector is Experiencing a Sharp Downturn
GERMANY – The German woodworking machinery industry faces a significant slowdown in production and exports after a record year in 2023.
Spanish Furniture Exports Down 2.7% in 1Q-2024
SPAIN – According to Estacom, Spanish furniture exports decreased by 2.7% in the first quarter of 2024, reaching more than EUR 736 million.
Colombian Imports of Decor Paper Increase 18.6% in 1Q-2024
COLOMBIA – The value of Colombian imports of decorative papers for panel surfaces and decorative laminates reached USD 4.20 million in 1Q-2024.
German furniture Exports Down by Almost 9% in 1Q-2024
GERMANY – In the first quarter of this year, the German furniture industry saw a decline in its export business. According to preliminary data from the Federal Statistical Office, furniture exports fell by nearly 9 percent to approximately EUR 2 billion.
RTA Muebles Targets Sustainability
COLOMBIA – RTA Muebles, Colombia’s leading RTA furniture manufacturer, exemplifies sustainable production practices.
IKEA Opened its Second Store in Colombia
COLOMBIA – Ikea recently opened its second Colombian store, reinforcing its commitment to the country and bringing affordable designs to Cali, Valle del Cauca.
First Board Produced at PG Bison’s New MDF Line
SOUTH AFRICA – PG Bison reached a major milestone by producing the first board of its new MDF line at the Mkhondo facility, almost a month ahead of schedule.
Century Plyboards Produces First Board on new MDF Plant
INDIA – Century Plyboards (India) Ltd. (CPIL) has partnered with Siempelkamp to establish its largest MDF facility in Andhra Pradesh, with a daily production capacity of 950 m³.
Current
Homag to Participate in FIMMA + Maderalia in May 2024
SPAIN – Homag España is confirmed to exhibit at the 2024 edition of FIMMA + Maderalia, scheduled from May 14-17, 2024, as announced by the event organizers.
Argolite AG Becomes Part of the Swiss Krono Group
SWITZERLAND – Founded in 1937, Willisau-based company Argolite AG has been a leading producer of laminate panels since 1953. With 80 employees, it is the sole Swiss manufacturer of HPL (High Pressure Laminates) meeting the EN438 quality standard.
US Wooden Furniture Imports Down 26.5% in 9M-2023
USA- The United States wooden furniture imports reached USD 9.4 billion in the first nine months of 2023 (9M-2023). This represented a 26.5% decrease compared to the USD 12.8 billion imported in the same period of 2023.
Klabin Acquires Arauco’s Forestry Operation in Paraná, Brazil
BRAZIL – Klabin, the largest producer and exporter of packaging paper and sustainable paper packaging solutions in Brazil, has declared the acquisition of Arauco’s forestry operation in Paraná.
Duraplay Purchases Particleboard Plant in Mexico from Masisa
MEXICO – Recently, Duraplay, S.A.P.I. de C.V., a Mexican company, and Forestal Terranova México, S.A. DE C.V., entered into an asset purchase agreement for the sale of the wood based panel Plant owned by the latter, a Mexican subsidiary of Masisa S.A., located in Chihuahua, Mexico.
Kronospan Completes Purchase of Particleboard Plant from Roseburg
USA – Kronospan, a prominent manufacturer of wood panel products, has officially completed the acquisition of Roseburg’s Simsboro, Louisiana, particleboard facility. The transfer of ownership from Roseburg to Kronospan has been finalized following the required regulatory review period.
Positive Year for Italian Woodworking Technology
ITALY – The preliminary 2023 balance from the Acimall Studies Office reveals a 3.5 percent production growth compared to 2022.