Headlines
RTA Furniture Industry Pioneer Dies
USA – Paul S. Bush, the visionary founder of Bush Industries, Inc., and a prominent figure in the American Ready-To-Assemble (RTA) furniture industry, has passed away. Born on May 5, 1936, in Olean, NY, Bush’s life was marked by his entrepreneurial spirit, dedication...
SCM Unveils Cutting-Edge Solutions at Ligna 2025
ITALY – At Ligna 2025, SCM Group will mark its 50th anniversary at the world’s leading woodworking trade fair, solidifying its position as a global industry leader. With a strong focus on innovation and cutting-edge technology, SCM will present a variety of solutions...
Siempelkamp Joins Maschinenraum to Drive Transformation
GERMANY – In January 2025, Siempelkamp became the first company to join the Maschinenraum ecosystem this year, a network supporting family businesses in addressing key transformation challenges. As a leading technology supplier in machine and plant engineering,...
Arauco will invest in a 39-megawatt thermal power plant in Argentina
ARGENTINA – Arauco Argentina is developing an investment of over USD 250 million to modernize its pulp mill in Puerto Piray, Misiones. The project includes the installation of a new 39-megawatt turbo generator, which will initially supply power exclusively to the...
Dorel Restructures Finances with Key Deal
CANADA – Dorel Industries Inc. , a leader in North American furniture manufacturing, has entered into a sale-leaseback transaction involving its factory and warehousing facility in Columbus, Indiana, to improve its financial standing. The sale will generate USD 30...
The Home Depot Reports 2024 Results
USA – The Home Depot, the largest home improvement retailer in the world, reported sales for the fourth quarter of fiscal 2024 of USD 39.7 billion, marking an increase of USD 4.9 billion, or 14.1%, from the same period in fiscal 2023. Comparable sales grew by 0.8%,...
Sonae Arauco signs a EUR 200 million sustainability-linked loan
PORTUGAL – Sonae Arauco, one of the world’s largest wood-based solutions companies, has secured a EUR 200 million Sustainability-Linked Loan. The financing is based on sustainability targets for 2029, including a 9.3% increase in recycled wood use and a 59% reduction...
Homag Showcases 50 Years of Innovation at Ligna 2025
GERMANY – Homag, a leader in woodworking technology, is showcasing its comprehensive solutions at Ligna 2025, marking 50 years of innovation. Under the theme "Building Living Spaces," the company brings together System TM, Kallesoe, Weinmann, and Homag to cover the...
BIFMA Urges Caution on Potential Tariffs Impacting U.S. Furniture Industry
USA – BIFMA, representing commercial furniture manufacturers and suppliers across North America, emphasizes the importance of free trade in maintaining competitive global supply chains. The association warns against new tariffs that could disrupt trade relationships...
Peru’s Particleboard Imports Up 37.7% in January
PERU – Peru’s imports of particleboard saw a significant rise in January 2025, increasing by 37.7% compared to the same month last year. The total value of imports reached USD 13.46 million, up from USD 9.78 million in January 2024. The top country sources of these...
Premier Forest Products Unveils the World’s First Fire-retardant, Water-resistant Plywood
UNITED KINGDOM – Premier Forest Products has launched DryGuard FR, the world’s first plywood that combines both fire-retardant and water-resistant properties. Developed in partnership with European manufacturer Paged, this innovative product offers unparalleled...
Roland Auer Joins Egger as Chief Marketing Officer
AUSTRIA – The Egger Group, one of the top global wooden panel manufacturers, has announced the appointment of Roland Auer as its new Chief Marketing Officer (CMO), effective May 1, 2025. Auer, who brings over 30 years of industry experience, joins Egger from...
Videos
Current
German Kitchen Furniture Sales Declining in Early 2024
GERMANY – According to the latest data from the Verband der Deutschen Küchenmöbelindustrie (VdDK), the German kitchen furniture industry has experienced a notable downturn in sales in first months 2024.
Fimma Brasil 2025 Begins Space Commercialization
BRAZIL – One of the world’s largest furniture sector fairs, the International Fair of Suppliers for the Wood and Furniture Production Chain (Fimma Brasil), occurs in Bento Gonçalves.
Services Account for 25% of Total Machinery Sector Turnover
ITALY – The comprehensive insights from the “Digital Servitisation in the Machinery Sector” observatory carried out by Digital Industries World and presented on April 11th, 2024, offer a detailed understanding of the significance of service activities within the machinery sector’s economic landscape.
Strong Increase in Brazilian Particleboard Exports in 1Q-2024
BRAZIL – In the first quarter of 2024 (1Q-2024), the value of Brazil’s exports of particleboard (PB/MDP) totaled USD 30.67 million, marking a notable increase of 35.3% compared to the same period in the previous year, when exports amounted to USD 22.67 million.
Tropical Forest Deforestation Decreased in 2023
USA – In 2023, tropical forest conservation saw positive developments as deforestation rates declined, with Brazil and Colombia achieving significant reductions in primary forest loss.
CIFF Guangzhou 2024, Exhibitor and Visitor Records
CHINA – In March 2024, CIFF Guangzhou achieved a remarkable milestone, boasting its highest number of exhibitors and visitors to date.
CSIL Publishes The Furniture Industry in India
ITALY – The Indian furniture market, valued at USD 20 billion according to CSIL, has maintained an average annual growth rate of 6% over the past decade.
People
Gallery
