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Masterbrand Buys Supreme Cabinetry Brands for USD 520 million
USA – MasterBrand, the nation’s largest kitchen cabinet manufacturer, has announced its acquisition of Supreme Cabinetry Brands, Inc. for USD 520 million.
Kronospan Acquires Particleboard Plant in the US
USA – Kronospan, a global leading wood panel products producer, recently announced its acquisition of Woodgrain’s particleboard manufacturing facility in Island City, Oregon.
Sicam Registrations are Open
ITALY – Sicam recently announced the opening of registrations for its upcoming edition, showcasing semi-finished products, supplies, and furniture accessories.
Schattdecor Brazil Expands Operations with Fourth Printing Line
BRAZIL – Despite the challenging environment, Schattdecor Brazil continues to look to the future, focusing on constant improvement.
Sonae Arauco Invests EUR 5 Million in Two Wood Recycling Centres in Portugal
PORTUGAL – Sonae Arauco invests over EUR 5 million in two new recycling centers in Portugal, strategically located in the Minho region and north of Lisbon.
Rehau Wins the German Innovation Award 2024
GERMANY – Annually, the German Design Council distinguishes products that pioneer innovation, providing notable value to users and the environment.
Välinge founder Named Entrepreneur of the Year
SWEDEN – Darko Pervan, founder of Välinge Innovation, has been named ‘Entrepreneur of the Year’ in the Höganäs municipality of Sweden for his exceptional innovation skills and committed leadership.
Colombian Particleboard Imports Up in 1Q-2024
COLOMBIA – In the first quarter 2024 (1Q-2024), Colombian imports of particleboard (PB/MDP) were up by 11.1%, increasing from USD 36.02 million in 1Q-2023 to USD 40.01 million in the corresponding period of the current year.
Succesfull 40th Edition of FIMMA-Maderalia
SPAIN – The 40th edition of FIMMA + Maderalia in Spain concluded with great success, marking a significant milestone for the country’s wood industry.
B&Q Aims for 100% Responsibly Sourced Wood by 2024
United Kingdom – B&Q, the UK’s largest home improvement retailer, disclosed that it responsibly sourced 99.3% of its timber and paper products in 2023, with plans to reach 100% by 2024.
Arbonia Acquires the Spanish Market Leader for Doors
SWITZERLAND – Arbonia is expanding its presence in Europe’s interior and special door markets through acquisitions.
Peruvian Particleboard Imports Down in 1Q-2023
PERU – In the first quarter of 2024 (1Q-2024), imports of particleboard (PB/MDP) to Peru reached a total value of USD 32.11 million, representing a significant decrease of 21.4% compared to the same period in 2023 (USD 40.86 million).
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German furniture industry’s sales down in 3Q-2023
GERMANY- In the 3Q-2023, the German furniture industry saw a turnover decrease of 8.6%, reaching 4.2 billion euros.
Spanish Furniture Exports Grew 4% in 9M-2023
SPAIN – The Spanish National Association of Furniture Manufacturers and Exporters (ANIEME) has published the Spanish furniture sector’s foreign trade report for January-September 2023 (9M-2023).
Colombian Imports of Particleboard Decline by 26.6% in 9M-2023
COLOMBIA – The value of Colombian imports of particleboard (PB/MDP) reached USD 102.64 million in the first nine months of 2023 (9M-2023), marking a decrease of 26.6% compared to the same period in 2022 (9M-2022: USD 139.79 million).
Egger Commits to Achieving Net Zero by 2050 for Climate Protection
AUSTRIA – The Egger Group, one of the largest global wooden panel producers, is at the forefront of climate protection, committing to achieve Net Zero by 2050.
Toppan Strengthens Collaborative Network in Decorative Surface Materials
VIETNAM – In July 2023, Toppan Holdings Inc. and Joyful Co., Ltd., a Vietnamese decorative surfacing materials printer, formalized a capital and business alliance agreement to boost the global development of the decorative surfacing materials business.
Ingka Investments acquires Solar PV Park in Romania for EUR 200 million
ROMANIA – Ingka Investments, part of Ingka Group (owner of more than 370 Ikea stores and 100 planning studios in 31 countries around the globe), has acquired a 300MWp solar PV park in Romania with a total investment exceeding EUR 200 million.
Sicam 2023: More than 20.000 Visitors
ITALY – The 14th installment of SICAM, hosted in Pordenone from October 17th to October 20th, surpassed expectations with over 650 exhibitors from Italy and 34 foreign countries.
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