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Eucatex Sales Increase, Profits Drop in 2024
BRAZIL – Eucatex reported strong sales growth in 2024, but profits declined compared to the previous year. In the 4Q-2024, sales totaled BRL 753.6 million, a 13.6% increase from BRL 663.1 million in 4Q-2023. In the Industry and Resale segment, which includes...
FSC Unveils Platform to Optimize Brand Management
GERMANY – The Forest Stewardship Council (FSC) will launch the FSC Brand Hub on April 3, a user-friendly platform designed to streamline trademark management, marketing resources, and brand assets for all FSC stakeholders. Developed with input from users worldwide,...
Laminate Flooring Sales Stabilize in 2024
BELGIUM – Laminate flooring sales stabilized in 2024 following years of market fluctuations, with a slight decrease compared to 2023. Despite inflation and rising material costs, laminate flooring remains strong in the construction market. Total sales by the European...
Ikea opens Oxford Street store on 1st May
UNITED KINGDOM – Ikea will open its highly anticipated Oxford Street store on May 1, 2025, following a three-year renovation of the Grade II-listed building at 214 Oxford Street in central London. The new store will span three floors, covering 5,800 m² of retail...
Innergy Acquires Microvellum
USA – Innergy, a leading ERP software provider for custom millwork and cabinetry manufacturers, has acquired Microvellum, a pioneer in woodworking design software. This strategic acquisition unites two industry leaders, promising improved efficiency, integration, and...
Dexco Publishes 2024 Results
BRAZIL – Dexco, the largest wood panel manufacturer in Brazil, reported a 5.9% increase in consolidated revenue for 4Q- 2024, reaching BRL 2,064.2 million. This growth was driven by strong performance in the Metals and Sanitary Ware division, benefiting from a richer...
Surteco Posts Strong Operating Results in 2024
GERMANY – Surteco Group, one of the world's leading full-service providers of decorative surfaces, has reported preliminary sales of EUR 856.6 million for the year 2024, marking a 2,6% increase compared to the previous year's figure of EUR 835.1 million. This growth...
European Commission Probes Dumping of Brazilian Plywood
BELGIUM – The European Commission has initiated an anti-dumping investigation into imports of Brazilian softwood plywood following a complaint from the Softwood Plywood Consortium (SPC), which represents major European producers. The probe aims to determine whether...
Biesse Reports Declining Sales and Profit in 2024
ITALY – Biesse Group has reported a decline in its 2024 financial results, citing external economic and geopolitical challenges affecting the sector. Sales fell 3,9% to EUR 754.7 million, while EBITDA dropped 23,5% to EUR 58.9 million. Net profit plummeted 69.6%...
Mixed Financial Results for Proteak in 2024
MEXICO – Proteak, the largest forestry company in Mexico specializing in MDF boards and teak, posted mixed financial results in its latest report. In the 4Q-2024, revenue grew 40.2% to MXN 328.1 million, driven by a 365,5% increase in other income. However, MDF sales...
Wooden Furniture Imports in Latam Rise 32,6% in 2024
COLOMBIA – Latin American countries have seen a notable increase in the import of wooden furniture in 2024 compared to the previous year, with a collective surge of 32,6%. The data shows that the total import value of wooden furniture reached USD 839.13 million, up...
Horst Paulmann, Founder of Cencosud, Dies at 89
CHILE – Horst Paulmann Kemna, founder of Cencosud, passed away at 89 on March 11, 2025, in Germany, peacefully in his sleep. His family shared, "We find comfort in knowing he rested without suffering, but his absence leaves a great void in our hearts." Born in Kassel,...
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Chilean Particleboard Exports Rise in 1Q-2024
CHILE – Chilean exports of particleboards (PB/MDP) reached USD 23.88 million in the first quarter of 2024 (1Q-2024), marking a 5.1% increase from USD 22.72 million in 1Q-2023.
Ecuadorian Decor Paper Imports Down in 1Q-2024
ECUADOR – In the first quarter of 2024 (1Q-2024), Ecuador imported decorative papers for wood panel surfaces amounting to USD 7.27 million, down by 14.3% from the same period last year (1Q-2023: USD 8.48 million).
Sicam Registrations are Open
ITALY – Sicam recently announced the opening of registrations for its upcoming edition, showcasing semi-finished products, supplies, and furniture accessories.
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.
Arbonia Acquires the Spanish Market Leader for Doors
SWITZERLAND – Arbonia is expanding its presence in Europe’s interior and special door markets through acquisitions.
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.
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.
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