Headlines
Lowe’s Reports Second Quarter 2024 Results
USA - Lowe's, one of the largest global home improvement retailers, reported weaker-than-expected sales in the 2Q-2024 and reduced its full-year outlook due to a slowdown in spending on major home improvement projects. The company attributed the sales decline to...
Kronospan Expands with KS Terminal Acquisition
LATVIA - In early July, SIA Kronospan Riga acquired KS Terminal, the fourth-largest cargo terminal at the Port of Riga. This move strengthens Northern European operations of Kronospan and creates new growth opportunities. By late July, the Kronospan cargo ship...
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...
Current
All Set For 13th Edition of the European Wood-based Panel Symposium
GERMANY – The 13th European Wood-based Panel Symposium will take place on 9 – 11 October 2024, at the at the Grand Elysée Hotel in Hamburg.
Valmet Finalizes Acquisition of Demuth in Brazil
Difficult 2Q-2024 for Proteak
MEXICO – Proteak, Mexico’s largest forestry company, reported its results for the second quarter of 2024 (2Q-2024).
Weyerhaeuser Acquiring High-Quality Timberlands
USA – Weyerhaeuser, one of the world’s largest private owners of timberlands, has acquired 84,300 acres of premium timberlands in Alabama for $244 million.
New Catas Website Ensures Authenticity of Test Reports
ITALY – Certification body Catas has launched verify.catas.com to combat the misuse of its name through fraudulent or altered test reports.
Central America Sees Significant Growth in Wooden Furniture Imports
CENTRAL AMERICA – During the first four months of 2024, Central America experienced robust growth in the importation of wooden furniture, reflecting a strong demand for these products across the region.
Strong Increase of Brazilian Particleboard Exports in 5M-2024
BRAZIL – Brazil’s exports of Particleboard / MDP (Medium Density Particleboard) from January to May 2024 showed significant growth compared to the same period in 2023.
People
![](https://notifix.info/wp-content/plugins/team-showcase-supreme/assets/images/loading.gif)
![Álvaro Gonzalez](https://notifix.info/wp-content/uploads/2024/08/Garnica-696x385-2.jpg)
![Roland Auer](https://notifix.info/wp-content/uploads/2024/08/roland-auer-1.jpg)
![Sr. Louis Brassard](https://notifix.info/wp-content/uploads/2024/08/Louis-Brassard-2023.jpg)