Headlines
Coral at The Forefront for Green Transition in Italy
ITALY – The Italian government, through the Ministry of Business and Made in Italy, has allocated over 13 billion euros for the “Transition 5.0 Plan” in 2024/2025.
Aglomerados Cotopaxi Certified as Carbon Negative
ECUADOR – Aglomerados Cotopaxi, a well-known producer of wood panels, is the first company in Ecuador to be verified as Carbon Negative, making a significant contribution to sustainable development.
Owens Corning Completes Acquisition of Masonite
USA – Owens Corning has completed its USD 3.9 billion acquisition of Masonite International Corporation, a global leader in interior and exterior doors.
Homag Sales fall 14.1% in 1Q-2024
GERMANY – The Homag Group’s sales declined 14.1% in the 1Q-2024 due to last year’s significant drop in demand.
Biesse Sales in 1Q-2024 Down 6.5%
ITALY – Biesse Group – a leader in technology and machinery for processing wood and other materials – recently reported its financial results for 1Q-2024, which closed with sales revenues of EUR 195.8 million, 6.5% less than the EUR 209.5 million obtained in the same period of the previous year.
Eucatex Publishes 1Q-2024 Results
BRAZIL – Eucatex, one of the largest wood-based panel manufacturers in Brazil announced its results for the first quarter of 2024 (1Q-2023).
MasterBrand Sales Down in 1Q-2024
USA – MasterBrand, Inc., the largest residential cabinet manufacturer in North America, recently disclosed its financial results for the first quarter of 2024 (1Q-2024).
Ikea Opens Its Tenth Store in Switzerland
SWITZERLAND - Ikea has inaugurated its tenth furniture store in Switzerland: The Riddes branch in Valais is the most modern Ikea store in Switzerland. With approximately 23,000 square meters of retail space spread across two floors, customers will discover a wide...
Red Dot Design Award for FurnSpin by Hettich
GERMANY – At Hettich, innovation is integral to both their DNA and product line, consistently recognized by numerous prestigious awards.
Fabrizio Anzalone Appointed Head of SCM’s North American Operations
ITALY – SCM Group, a global leader in woodworking machinery and technology, has announced that Fabrizio Anzalone will take over as manager of its subsidiaries in the United States, Canada, and Mexico starting May 6.
All Set for interzum bogota
BOGOTA – Set to transform the future, the upcoming edition of interzum bogota will be held at Corferias from May 14 to 17. This pivotal event for the wood transformation and furniture manufacturing sectors will unite state-of-the-art solutions and the latest industry trends under one roof.
FIMMA + Maderalia 2024 With More Exhibitors
SPAIN – Preparations are complete for FIMMA + Maderalia, the major Spanish biennial trade fair for technology, machinery, and solutions in the wood, furniture, carpentry, and contract industries, which celebrates its 40th anniversary.
Videos
Current
Leo Lübke is the new President of the Association of the German Furniture Industry
GERMANY – Leo Lübke is the new President of the Association of the German Furniture Industry (VDM). The general meeting unanimously elected the 59-year-old entrepreneur as the successor to Elmar Duffner.
Trends and Prospects in the European Office Furniture Market
ITALY – According to the CSIL report “The European market for office furniture“, the office furniture market in Europe continues to resume and is above the pre-pandemic level.
Ecuador’s Particleboard Exports Down 8.8% in 9M-2023
ECUADOR – The total export value for particleboard (PB/MDP) from Ecuador amounted to USD 151,97 million in the January – September period 2023 (9M-2023), marking an 8.8% drop from the previous year’s figure of USD 166,62 million in 9M-2022.
Significant Drop in Brazilian Particleboard exports in 9M-2023
BRAZIL – BRAZIL – The value of Brazilian particleboard (PB/MDP) exports in the first nine months of 2023 (9M-2023) amounted to USD 57.85 million. This figure represented a substantial decline of 38.2% when compared to the USD 93.55 million exported in the same period of the previous year.
Peruvian Particleboard Imports Decline by 13.1% in First Nine Months 2023
PERU – Peruvian imports of wood particleboard (PB/MDP) reached a total value of USD 110.90 million during the period from January to September 2023 (9M-2023), reflecting a 13.1% decrease compared to the same period in 2022 (9M-2022: USD 127.63 million).
Colombian Furniture Imports Decline 13.1% in 7M-2023
COLOMBIA – The value of Colombian imports of wooden furniture saw a 13.1% decrease in the first seven months of 2023 (7M-2023), dropping from USD 19.09 million in 7M-2022 to USD 16.59 million in 7M-2023.
Välinge Joins German Kitchen Manufacturers Association
GERMANY – Välinge Innovation is pleased to announce its membership in the Association for Modern Kitchens (AMK), demonstrating a commitment to sharing their groundbreaking Threespine Click Furniture technology with the German kitchen industry.
People
