Headlines
Colombian Particleboard Imports Up 15.9% in 6M-2024
COLOMBIA - In the first half of 2024 (6M-2024), Colombia experienced a notable increase in its particleboard (PB / MDP) imports. The total value of imports reached USD 84.99 million, reflecting a 15.9% rise compared to the same period in 2023. This growth is...
Altendorf Named ‘Brand of the Century’
GERMANY - Altendorf, a leading manufacturer of sliding table saws, has been honored with the "Brand of the Century" award by "Die Deutsche Wirtschaft," joining the ranks of BMW, Miele, and Faber-Castell. This prestigious award recognizes Altendorf’s exceptional brand...
Greenply-Samet Joint Venture Begins Furniture Hardware Production
INDIA - Greenply Industries and Samet have launched their joint venture, Greenply-Samet, marking a significant milestone in the Indian furniture hardware market. Officially named Greenply Samet Private Limited, this new venture began operations on October 26, 2023,...
Sharp Decline in Chile’s Particleboard Exports in 6M-2024
CHILE - From January to June 2024 (6M-2024), Chile's exports of particleboard (PB / MDP) faced a significant downturn, totaling USD 44.5 million. This represents an 18.5% decrease compared to the same period in 2023, when exports amounted to USD 54.6 million. A closer...
Ecuadorian Decor Paper Imports Rise 8.7% in 6M-2024
ECUADOR - In the first half of 2024 (6M-2024), Ecuador saw an increase in imports of decor paper for wooden panels, reaching a total value of USD 16.44 million. This represents an 8.7% rise compared to USD 15.12 million during the same period in 2023. Spain remained...
Inter Ikea Group Acquires Ikea’s Retail Operations in the Baltics
NETHERLANDS - Inter Ikea Group has agreed to acquire Ikea retail operations in Estonia, Latvia, and Lithuania, including three full-size stores, five smaller customer points, e-commerce, and Digital Retail Development. The deal, subject to regulatory approval, is set...
Better Than Expected 2Q-2024 Results for The Home Depot
USA - The Home Depot, the world's largest home improvement retailer, reported second-quarter fiscal 2024 (2Q-2024) sales of USD 43.2 billion, up 0.6% from 2Q-2023. This includes USD 1.3 billion from the recent acquisition of SRS Distribution Inc., representing about...
Novopan Recognized for Good Forestry Practices
ECUADOR - Novopan, a leading Ecuadorian company in high-quality wooden panel manufacturing, has been awarded the Good Forest Practices for commercial forestry plantations recognition by the Ministry of Agriculture and Livestock. This makes Novopan the first company in...
Arauco Reports Strong First Half 2024 Results
CHILE - Arauco, a global leader in the forestry and wood products sector, has reported positive financial results for the first half of 2024, highlighting a strong recovery and growth in both revenue and profitability. For January to June 2024, Arauco achieved sales...
Ecuador Sees 5.4% Drop in Particleboard Exports in 6M-2024
ECUADOR - Ecuador's exports of particleboard / MDP recorded a decrease in the first half of 2024 (6M-2024). The total value of particleboard exports in 6M-2024 fell to USD 99.4 million, representing a 5.4% decrease compared to the same period in 2023 (6M-2023: USD...
Sauder Publishes 2023 Sustainability Report
USA - Sauder Woodworking Co., North America's top producer of ready-to-assemble (RTA) furniture and one of the leading residential furniture manufacturers in the U.S., continues to demonstrate its commitment to environmental responsibility. In 2023, Sauder’s...
EU’s New Environmental Standards Are Shaping the Wood Industry
BELGIUM - The EU's new sustainability regulations are significantly affecting industries both within and beyond its borders. The wood industry, in particular, is facing increasing pressure to adopt sustainable practices in wood production, processing, and sales. While...
Videos
Current
Big Expectations for Return of On-Site interzum
GERMANY – interzum 2023, the world’s leading trade fair for furniture production and interior design, opens in Cologne.
Central Puerto Acquires Evasa
ARGENTINA – Central Puerto, Argentina’s largest electricity producer, acquired the forestry company Evasa (owned by a Harvard University investment fund), which manages three companies: Empresas Verdes Argentina, Las Misiones and Estancia Celina. All of them are geographically located in the center of the province of Corrientes.
Ecuador: Particleboard Exports fall 7.1% in 1Q-2023
ECUADOR – The value of Ecuador’s particleboard exports (PB/MDP) reached USD 52.70 million in the first quarter of 2023 (1Q-2023).
Salone del Mobile 2023, Visitors increase of 15%
ITALY – The Salone del Mobile.Milano – 2023 ended with a total of 307.418 visitors. Compared with the previous year, this is an increase of 15 percent.
IWF Establishes Cooperation Agreement with Eumabois
interzum guangzhou 2023 Concludes with Success
CHINA – interzum guangzhou 2023, Asia’s largest and most important trade fair for woodworking machinery, furniture production and interior design, which took place in Guangzhou from 28 to 31 March, was a complete success.
Main German Furniture Regions Maintain Position
GERMANY – Despite the challenging economic environment, the German furniture industry increased its national sales last year by almost seven percent to EUR 20.97 billion (companies with 20 and more employees). The key region of North Rhine-Westphalia (NRW) and the companies in Ostwestfalen-Lippe (OWL) in particular made a significant contribution to this development: furniture industry sales in NRW rose by around six percent to EUR 8.4 billion, for OWL there was an increase of 8.4 percent to EUR 6.4 billion.
People
Gallery
