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Arauco Posts Strong Results for 3Q-2024
CHILE – Arauco, one of the largest wooden panel manufacturers in the world, has reported solid results for both the third quarter and the first nine months of 2024, with growth in sales and improved profitability. For the July to September period of 2024 (3Q-2024),...
Homag Group Sales Down 13.8% in 3Q-2024
GERMANY - In the third quarter of 2024, Homag Group reported a 12.2% increase in order intake, reaching EUR 332.7 million, compared to EUR 296.6 million in the same period of 2023. However, sales declined by 13.8%, falling to EUR 349.5 million from EUR 405.5 million...
Hettich is Now Official Member of the German Design Council
GERMANY - Hettich, the East Westphalian fittings manufacturer, is now an official member of the German Design Council and has been included in the 2025 edition of the publication The Major German Brands. The Council's cross-industry network connects business and...
Eucatex Posts Strong Export Growth in 3Q-2024
BRAZIL - Eucatex, one of the largest wood panel producers in Brazil, also operating in the segments of paints and varnishes, laminated floors, partitions, and doors, published its results for the 3rd quarter of 2024 (3Q-2024). In the Furniture Industry and Resale...
Aglomerados Cotopaxi and USFQ Collaborate on Carbon Research in Protected Areas
ECUADOR - Aglomerados Cotopaxi, one of the leading forest companies in the country, has signed a cooperation agreement with the Universidad San Francisco de Quito (USFQ) to conduct pioneering research on the carbon storage potential of Ecuador’s páramo and...
Wayfair Reports 2% Sales Decline in 3Q-2024
USA - Wayfair, one of the world’s largest online furniture and home goods retailers, today announced its financial results for the third quarter of 2024, ending September 30. Sales revenue reached USD 2.9 billion, a decrease of 2.0%, compared to the same period last...
Dexco Reports Strong 3Q-2024 Growth
BRAZIL – Dexco, the largest wood panel manufacturer in Brazil, reported Sales Revenue of BRL 2,239.1 million for 3Q-2024, a 26.6% increase compared to the same period last year. This growth was driven by strong demand in the Wood Division and a more active panel...
Biesse Reports Decline in Sales and Profitability in 9M-2024
ITALY - Biesse Group , a global leader in technologies for processing wood, has reported mixed results for the January to September period of 2024 (9M-2024), with a decline in sales and profitability, though it saw growth in some key regions. For the first nine months...
New Furniture Training Factory Opens in Germany
GERMANY - The Furniture Industry Training Factory in Löhne officially opened on November 5, 2024, after 16 months of construction. This state-of-the-art facility, funded with EUR 22.5 million from the German Federal Government and the state of North Rhine-Westphalia,...
interzum Award 2025 Entries Now Open
GERMANY - The interzum Award 2025 is now open for entries from exhibitors participating in Interzum 2025. The award is looking for innovative and sustainable solutions across the categories of Function & Components, Materials & Nature, Textile & Machinery,...
Ibá Releases Study on Biodiversity in Cultivated Tree Sector
BRAZIL - On October 21, 2024, at the start of COP16, The Brazilian Tree Industry Institute (Ibá) launched its study "Biodiversity: A Commitment from the Brazilian Cultivated Tree Sector." The 55-page report outlines the ongoing actions of sector companies that align...
Ingka Investments Opens New Solar Park in France
FRANCE - Ingka Investments, the investment arm of Ingka Group, continues its renewable energy expansion with the launch of a new photovoltaic solar park in Langeron, central France. The park, which consists of 34,500 solar modules, is expected to produce 23 GWh of...
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Profit of Main Companies in the Ecuadorian Wood and Furniture Segment Falls Despite Growth
ECUADOR – According to the annual ranking of the top 1,000 Ecuadorian companies by sales published by Ekos magazine, the five companies in the wood and furniture segment that entered the ranking in 2022 grew 10.3%, reaching USD 426.8 million compared to USD 387.1 million in 2021.
Chilean Particleboard Exports Down 3.2% in 6M-2023
CHILE – Chilean particleboard (PB/MDP) exports saw a 3.2% decrease in the first half of 2023 (6M-2023), reaching USD 54.64 million, compared to USD 56.46 million in the same period of 2022.
Weyerhauser Announces Approval of First Forest Carbon Project
USA – Weyerhaeuser recently announced it has received approval from the American Carbon Registry for its Improved Forest Management (IFM) carbon credit project in Maine.
Thirtieth Anniversary of the CQA-Catas Quality Award
ITALY – Professionals, entrepreneurs, and industry operators from the wood and furniture sector convened at the Catas headquarters in San Giovanni al Natisone to mark the 30th anniversary of the CQA-Catas Quality Award, a prestigious product certification offered by the laboratory.
CIFF Shanghai 2023 Concludes with a Surge in Participation
CHINA – The 52nd China International Furniture Fair (CIFF Shanghai 2023) has successfully concluded, drawing a total of 93,474 professional attendees over four days. This marked a significant increase of 10.44% in overseas participants compared to 2019.
Colombian Particleboard Imports Decline by 13.1% in the First Half of 2023
COLOMBIA – The value of Colombian imports of particleboard (PB/MDP) reached USD 73.32 million in the first half of 2023 (6M-2023), marking a 13.1% decrease compared to 6M-2022 (USD 84.36 million).
Peruvian Particleboard Imports Dip by 14.9% in 6M-2023
PERU – Peruvian imports of particleboard (PB/MDP) were valued at USD 79.56 million during the January-June period of 2023 (6M-2023), representing a 14.9% decline compared to the same period in 2022 (6M-2022: USD 93.51 million).
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