Headlines
Succesful ForMobile Participation for SCM Group
BRAZIL – The ForMóbile international trade fair for the wood and furniture industry took place in Sao Paulo, Brazil, from July 2 to 5.
Tafisa Starts Selection Process for New CEO
CANADA – The Board of Directors of Tafisa Canada has recently begun the search for a new CEO to succeed Mr. Louis Brassard.
Henkel Achieves Renewable Energy Goal in Middle East and Africa
GERMANY – Henkel Adhesive Technologies, a global leader for adhesives, sealants, and functional coatings, has achieved a major sustainability milestone: all of its manufacturing sites in the Middle East and Africa (MEA) now operate on 100% renewable electricity.
Roland Auer Steps Down as CEO of Schattdecor
GERMANY – Following Schattdecor’s recent announcement of Roland Auer’s resignation from his position due to personal reasons effective July 15, 2024, the CEO bid farewell to employees in an emotional letter.
Bürkle Chooses Homag Denmark as New Sales Partner
DENMARK – Robert Bürkle GmbH, a global leader in presses and coating technologies, has restructured its sales in Denmark, ending its partnership with Nicholaisen A/S.
Ikea Expands with Small Store Format on Fifth Avenue in New York
USA – Ikea, the Swedish furniture giant, is establishing a small-format store in a significant retail and office project on Fifth Avenue in New York City, an area where luxury brands have faced challenges post-pandemic, deterring shoppers.
MasterBrand Finalizes Acquisition of Supreme Cabinetry Brands
USA – MasterBrand, a leading manufacturer of residential cabinetry in North America, has completed the acquisition of Supreme Cabinetry Brands Inc. from GHK Capital Partners LP for USD 520 million in cash.
Arauco Successfully Completes FSC Forest Management Monitoring Audit
CHILE – On July 3, the FSC Forest Management follow-up audit (FSC-C108276), conducted by the Soil Association certification house, was successfully completed.
European Decorative Paper Manufacturers Unite for Anti-dumping Inquiry
BELGIUM – BELGIUM – Felix Schoeller and other leading European decorative paper manufacturers have expressed strong support for the European Commission’s decision to launch an anti-dumping investigation into decorative paper imports from China.
Rehau Unveils New Lamination Line at Michigan Facility
USA – Rehau America recently inaugurated a 33-meter assembly line at its Sturgis, Michigan plant.
Top Colombian Furniture Manufacturers’ Sales grew by 6.5% in 2023
COLOMBIA – In 2023, sales from Colombia’s top 12 furniture manufacturers reached COP 1,028.5 billion, up from COP 965.8 billion in 2023, marking a 6.5% growth.
Mexican Particlebord Imports Down 12.2% in 1Q-2024
MEXICO – Mexico’s imports of Particleboard / MDP declined notably in the first quarter of 2024 (1Q-2024) compared to the same period last year.
Market News
First Edition of interzum forum Italy Received Visitors From 52 Countries
ITALY -The inaugural interzum forum Italy, held in Bergamo, concluded with remarkable success. This biennial event, a new addition to the global calendar of furniture and interior design gatherings, brought together industry professionals worldwide.
Microsoft to Purchase 8 million Carbon Credits from BTG Pactual in Record Deal
USA – BTG Pactual Timberland Investment Group (TIG) has recently forged a transformative partnership with Microsoft, poised to deliver 8 million tons of carbon offset credits by 2043.
New Furniture Testing Lab Opens in Guadalajara
MEXICO – SGS has launched a state-of-the-art furniture testing lab in Guadalajara, Mexico, expanding its capacity for consumer product testing in the region.
Ravensberger Holz and Homag Achieve Significant Automation Advancement
GERMANY – Ravensberger Holz GmbH in Bielefeld, Germany, has achieved a significant milestone with the installation of a CNC drilling and routing center featuring robotic handling, marking a major advance in automation and digitalization in the wooden panel processing industry.
Metsä Group and Andritz Start Pioneering CO2 Capture Research
FINLAND – Metsä Group is collaborating with the technology company Andritz to explore integrating carbon capture into its bioproduct mill, potentially pioneering a global first.
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.
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.