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Home Depot Reports 6.6% Sales Growth in 3Q-2024
USA The Home Depot, the world’s largest home improvement retailer, reported 3Q-2024 (3Q-2024) sales of USD 40.2 billion, a 6.6% increase from USD 37.71 billion in 3Q-2023. However, comparable-store sales declined 1.8%, marking the eighth consecutive quarter of...
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...
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Mixed Trends in Regional Particleboard Imports in 6M-2024
COLOMBIA - In the first half of 2024 (6M-2024), particleboard imports in Latin America demonstrated varied trends across different countries. The total imports in the region amounted to USD 266.3 million, showing a slight decline of 2.6% compared to USD 273.5 million...
LIGNA 2025: Circular Transformation in Wood Processing
GERMANY - A new format debuts at LIGNA’s anniversary edition in 2025: LIGNA.Circular. From May 26 to 30, 2025, Hall 12 at the Hannover Fairground in Germany will spotlight a pressing topic for the woodworking industry: circular transformation in wood processing. Under...
Top Ecuadorian companies’ sales and profits fall in 2023
ECUADOR - The main companies in Ecuador´s wood and furniture sector experienced a decline in sales and profits in 2023 compared to the previous year. Total sales among the main companies in this sector amounted to USD 410.2 million, a decrease of 3.4% from USD 424.8...
FSC Appoints Dr. Subhra Bhattacharjee as New Director General
GERMANY - The Forest Stewardship Council (FSC) International Board of Directors has appointed Dr. Subhra Bhattacharjee as the new Director General, effective October 1, 2024. With over 20 years of experience in public policy, climate change, and sustainable...
European Commission Proposes One-Year Delay on Deforestation Regulation
BELGIUM - The European Commission announced a proposed one-year delay for a law banning imports linked to deforestation (EUDR), responding to widespread concerns from industries and governments worldwide. While the law is seen as a crucial measure in the fight against...
Strong Growth in Colombian Decor Paper imports
COLOMBIA - Colombia's imports of decor paper for wooden panels have seen a strong increase in the first half of 2024 (6M-2024), totaling USD 11,056,148, a 42.1% rise compared to USD 7,781,687 during the same period in 2023. Brazil remains the largest supplier country,...
Spanish Furniture Sector Sees Stable International Sales in 6M-2024
SPAIN - International sales in the Spanish furniture sector remain nearly unchanged in 6M-2024 from the same period last year, showing a slight increase of 0.9%, totaling EUR 1.54 billion. Meanwhile, Spanish furniture imports have risen by 3.4% during the first half...
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