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Aglomerados Cotopaxi and USFQ Collaborate on Carbon Research in Protected Areas
ECUADOR - Aglomerados Cotopaxi, one of the leading forest companies in the country, has signed a cooperation agreement with the Universidad San Francisco de Quito (USFQ) to conduct pioneering research on the carbon storage potential of Ecuador’s páramo and...
Wayfair Reports 2% Sales Decline in 3Q-2024
USA - Wayfair, one of the world’s largest online furniture and home goods retailers, today announced its financial results for the third quarter of 2024, ending September 30. Sales revenue reached USD 2.9 billion, a decrease of 2.0%, compared to the same period last...
Dexco Reports Strong 3Q-2024 Growth
BRAZIL – Dexco, the largest wood panel manufacturer in Brazil, reported Sales Revenue of BRL 2,239.1 million for 3Q-2024, a 26.6% increase compared to the same period last year. This growth was driven by strong demand in the Wood Division and a more active panel...
Biesse Reports Decline in Sales and Profitability in 9M-2024
ITALY - Biesse Group , a global leader in technologies for processing wood, has reported mixed results for the January to September period of 2024 (9M-2024), with a decline in sales and profitability, though it saw growth in some key regions. For the first nine months...
New Furniture Training Factory Opens in Germany
GERMANY - The Furniture Industry Training Factory in Löhne officially opened on November 5, 2024, after 16 months of construction. This state-of-the-art facility, funded with EUR 22.5 million from the German Federal Government and the state of North Rhine-Westphalia,...
interzum Award 2025 Entries Now Open
GERMANY - The interzum Award 2025 is now open for entries from exhibitors participating in Interzum 2025. The award is looking for innovative and sustainable solutions across the categories of Function & Components, Materials & Nature, Textile & Machinery,...
Ibá Releases Study on Biodiversity in Cultivated Tree Sector
BRAZIL - On October 21, 2024, at the start of COP16, The Brazilian Tree Industry Institute (Ibá) launched its study "Biodiversity: A Commitment from the Brazilian Cultivated Tree Sector." The 55-page report outlines the ongoing actions of sector companies that align...
Ingka Investments Opens New Solar Park in France
FRANCE - Ingka Investments, the investment arm of Ingka Group, continues its renewable energy expansion with the launch of a new photovoltaic solar park in Langeron, central France. The park, which consists of 34,500 solar modules, is expected to produce 23 GWh of...
Irineu Munhoz re-elected president of ABIMÓVEL for the 2025/2027 term
BRAZIL - On November 4, 2024, Abimóvel (Brazilian Furniture Industry Association) held its General Assembly in São Paulo, where the new Board and Councils for the 2025/2027 term were elected. Irineu Munhoz, who has led the organization since 2023, was re-elected...
IMA Schelling Strengthens Its Presence in India with New Subsidiary Opening
INDIA - The IMA Schelling Group continues on its growth path. The company officially opened its new subsidiary in Bangalore, India, in October, following its establishment in May. IMA Schelling is relying on close cooperation with its long-standing sales partner...
Scm Group Receives the Innovazione Smau 2024 Award
ITALY - SCM Group has been awarded the Smau 2024 Innovation Award for its Solutions Library project, a digital library using artificial intelligence to manage and share over 70 years of technical knowledge in woodworking and materials processing. The award was...
Proteak Informs 3Q-2024 Results
MEXICO - Proteak, Mexico's largest forestry company, reported its results for the third quarter of 2024 (3Q-2024). Sales of the MDF and Teak businesses reached MXN 291.5 million in the quarter, 1% higher than the immediately preceding quarter, excluding other income...
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Irineu Munhoz re-elected president of ABIMÓVEL for the 2025/2027 term
BRAZIL - On November 4, 2024, Abimóvel (Brazilian Furniture Industry Association) held its General Assembly in São Paulo, where the new Board and Councils for the 2025/2027 term were elected. Irineu Munhoz, who has led the organization since 2023, was re-elected...
Chile’s Particleboard Exports Down 5.1 in 8M-2024
CHILE – In the first eight months of 2024, Chile's particleboard exports totaled USD 69.1 million, reflecting a decrease of 5.1% compared to USD 72.8 million in the same period of 2023. Chile's exports in the period 2024 reveal contrasting trends across different...
Record-Breaking Attendance at the 13th European Wood-Based Panel Symposium
GERMANY - The 13th European Wood-Based Panel Symposium, held from October 9-11 in Hamburg, welcomed a record number of delegates from over 30 countries, according to the European Panel Federation (EPF). This biennial event gathered experts, researchers, and industry...
Latin America’s Wooden Furniture Imports Up by 34% in 6M-2024
COLOMBIA - In the first half of 2024, wooden furniture imports in Latin America reached a total of USD 368.49 million, marking a significant growth of 34% compared to USD 274.97 million in the same period of 2023. Mexico led the region with the highest import value at...
More Than 93% of interzum 2025 is Booked
GERMANY - Interzum 2025 is already over 93% booked, emphasizing its status as the premier trade fair for furniture production and interior design. Scheduled to take place from May 20-23 in Cologne, this year’s event is witnessing robust international demand, with...
EU Council Delays Deforestation Regulation by One Year
BELGIUM - The European Council has reached a consensus to amend the EU deforestation regulation (EUDR), delaying its implementation by 12 months. This extension allows third countries, member states, operators, and traders to adequately prepare for due diligence...
Strong Recovery in Argentinian Decor Paper Imports
ARGENTINA - Argentina’s imports of wooden panel decor paper from January to July 2024 totaled USD 15.3 million, showing notable growth compared to USD 3.2 million in the same period of 2022. Although this represents a 16.4% decrease from USD 18.3 million in 2023, the...
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