Headlines
Homag Sales Down 14% in 6M-2024
GERMANY - The Homag Group continues to face the impact of investment reluctance, with decreased sales and earnings in the first half of 2024 (6M-2024). Sales dropped 14% to EUR 706 million, compared to EUR 817 million the previous year, reflecting ongoing market...
Egger Ends Financial Year With EUR 4.13 Billion in Turnover Despite Challenges
AUSTRIA - The Egger Group, one of the main wooden panel manufacturers in the world, reported a turnover of EUR 4.13 billion for the 2023/2024 financial year, reflecting a challenging economic environment. Despite a 7.1% decrease from the previous year and an 18.1%...
Siempelkamp Names Jan Bender as Head of Marketing & Communications
GERMANY -Since August 1st, Jan Bender has taken over marketing and corporate communications at the Siempelkamp Group, bringing a strong focus on machine and plant engineering. As Head of Marketing & Communications, Bender will direct brand management, global...
SCM and Springa Partner for Global Goliath CNC Robot Distribution
ITALY - SCM and Springa, a startup focused on digital manufacturing tools, have partnered to distribute the Goliath CNC, a portable milling machine for large-scale projects. The Goliath CNC will be sold globally under the name “scm maker” through SCM’s distributor...
MasterBrand’s Net Income Falls 11.5% in Second Quarter
USA - MasterBrand, Inc, North America's largest residential cabinet manufacturer, reported its second quarter 2024 (2Q-2024) financial results. “MasterBrand delivered solid financial performance this quarter, with year-over-year adjusted EBITDA margin growth and...
Commercial Mission Chile: 35 Brazilian Firms and Buyers from 7 Countries
CHILE - On July 23-24, 2024, Santiago, Chile, hosted the Missão Comercial Chile 2024, an event aimed at boosting the Latin American furniture market through the Brazilian Furniture Project. Organized by ABIMÓVEL (Brazilian Association of Furniture Industries) in...
Management Transition at Holz-Her
ALEMANIA - Holz-Her anuncia un cambio de dirección a partir del 1 de julio de 2024. After more than 25 years, Frank Epple is retiring, and Robert Terzer will take over as Managing Director. Robert Terzer brings significant experience to his new role. Before becoming...
Colombian Particleboard Imports Up 15.1% in 5M-2024
COLOMBIA - In the first five months of 2024 (5M-2024), Colombian imports of particleboard (PB/MDP) experienced a relevant growth of 15.1%, rising from USD 61.6 million in 5M-2023 to USD 70.9 million. Ecuador was again the leading supplier country, despite a 5.1%...
Masisa Introduces a New Direct Regional Sales Strategy
CHILE – Masisa, an acknowledged wooden panel manufacturer, has unveiled an innovative direct sales strategy for Mexico, Peru, Ecuador, and Colombia.
Martco LLC Produces First Board on New Dieffenbacher OSB line
USA – Martco LLC has successfully launched its third multi-opening OSB line from Dieffenbacher at its Corrigan, Texas plant.
Surteco sales and earnings on course in 1st Half 2024
GERMANY – In the first half of 2024, Surteco Group’s, sales increased by 4% to EUR 447.6 million, up from EUR 428.8 million last year, despite challenging conditions.
Forte Sales Down 5% in 1Q-2024/25
POLAND – The Polish RTA furniture manufacturer Forte, one of the largest in Europe, reported consolidated revenues of €58.32 million (PLN 251 million) for the first quarter (1 April – 30 June) of the 2024/25 financial year (1Q-2024/25), a 5% decrease from the previous year.
Current
New FSC Forest Stewardship Standard for Peru
PERU – FSC is pleased to announce the official publication of the new FSC Forest Stewardship Standard for Peru, which covers all categories of Management Units in natural forests and plantations, including small and low intensity managed forests, as well as Non-Timber Forest Products.
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.
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.
Eletrobras and Suzano Join forces to Develop Sustainable Fuels
BRAZIL – Eletrobras, the largest energy company in Latin America, and Suzano, the world’s leading pulp producer, have announced a partnership aimed at exploring sustainable solutions such as green hydrogen and synthetic fuels.
Brazilian Furniture Exports to South America Up 10.5% in first 5M-2024
BRAZIL – In the first five months of 2024 (5M-2024), Brazilian wooden furniture exports totaled USD 65.71 million, marking a 10.5% improvement from the same period in 2023 (5M-2023: USD 59.47 million).
European Production of Wood-Based Panels Down 6% in 2023
BELGIUM – In 2023, European production of wood-based panels experienced a notable decline of 6.3%, as reported by the European Panel Federation (EPF).
EU Commission Initiates Anti-Dumping Investigation on Chinese Decor Paper Imports
BELGIUM – The EU Commission has initiated anti-dumping proceedings against decor paper imports from China. A corresponding publication was made in the Official Journal of the European Union.
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