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Signs of Recovery in Italy’s Woodworking Machinery Sector
ITALY - Despite the challenges in rolling out new procedures and awaiting simplification measures, incentives for "Industry 5.0" initiatives are beginning to show positive effects, particularly in the machinery and technology sector for wood and wood-based materials,...
Cantisa Strengthens its Presence in Latin America
SPAIN – Cantisa, the Spanish company specializing in the manufacture and sale of edge banding, is strengthening its presence in Latin America with a new commercial delegation in the region. This expansion of its Export Department directly engages with Latin American...
SCM Acquires 51% Stake in Mecal Machinery
ITALY – SCM Group has acquired a 51% stake in Mecal Machinery, a leading manufacturer of machinery and systems for processing aluminium, PVC, and light alloys. This acquisition strengthens SCM Group's portfolio, offering advanced technological solutions for industries...
Masisa Reports 4.7% Drop in Sales Revenue as of September 2024
CHILE - As of September 2024, Masisa reported sales revenue of USD 221.6 million, a 4.7% decrease compared to the same period last year. This drop was primarily due to significant pricing pressures in its operating markets. However, sales volume in cubic meters for...
Sodimac Opens its 15th Store in Mexico
MEXICO - Sodimac, a home improvement and construction retailer, has opened its 15th store in Mexico, marking its first location in Jalisco. The new store in Zapopan covers 10,000 square meters, with 8,400 square meters dedicated to sales floor space. Sodimac offers a...
Schattdecor Debuts Hotmelt Adhesive Line in South Carolina
USA - Schattdecor has officially launched its new Hotmelt Adhesive production line at its Lexington, South Carolina, facility. The first roll of material featuring pre-applied Hotmelt came off the line on November 14, marking a significant step forward for the...
Ranger Board Upgrades MDF Plant
CANADA – Ranger Board, a division of West Fraser Timber, has announced a major modernization project for its MDF production plant in Blue Ridge, Alberta. Partnering with Sunds Fibertech, a leading supplier of panel production technologies, the project will involve...
Triple E Enhances RVs with Garnica’s Sustainable Plywood
CANADA – Triple E, a leading Canadian RV manufacturer with nearly 60 years in the North American market, is known for its commitment to quality and innovation. With a vertically integrated approach, the company controls the entire production process to deliver...
Spanish Furniture Exports Grow 1.9% in 9M-2024
SPAIN - The National Association of Furniture Manufacturers and Exporters of Spain (ANIEME) has published the report on the foreign trade results of the Spanish furniture sector for the period from January to September 2024. During these nine months, international...
Koskisen Obtains Nordic Swan Ecolabel for Particleboard Products
FINLAND – Koskisen , a leading wooden panel manufacturer in the Nordic region, recently announced that four of its particleboard (chipboard) products have officially earned the prestigious Nordic Swan Ecolabel, a widely recognized symbol of environmental...
Google Unveils First Mass Timber Office in California
USA - Google has unveiled its first office building constructed using mass timber, located at 1265 Borregas in Sunnyvale, California. The five-story building, designed with sustainability in mind, is expected to reduce carbon emissions by 96% compared to a traditional...
Ingka Group Reports Resilient FY24 Performance
NETHERLANDS - Ingka Group, the largest Ikea retailer, reported a revenue of EUR 41.8 billion for Fiscal Year 2024 (FY24), despite tough economic conditions, including high interest rates and inflation. The company prioritized affordability, reducing prices by EUR 2.1...
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Toppan Strengthens Collaborative Network in Decorative Surface Materials
VIETNAM – In July 2023, Toppan Holdings Inc. and Joyful Co., Ltd., a Vietnamese decorative surfacing materials printer, formalized a capital and business alliance agreement to boost the global development of the decorative surfacing materials business.
Ingka Investments acquires Solar PV Park in Romania for EUR 200 million
ROMANIA – Ingka Investments, part of Ingka Group (owner of more than 370 Ikea stores and 100 planning studios in 31 countries around the globe), has acquired a 300MWp solar PV park in Romania with a total investment exceeding EUR 200 million.
Sicam 2023: More than 20.000 Visitors
ITALY – The 14th installment of SICAM, hosted in Pordenone from October 17th to October 20th, surpassed expectations with over 650 exhibitors from Italy and 34 foreign countries.
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.
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