Headlines
TF Bern Innovates Carpentry Training with Digital Solutions
SWITZERLAND - Technische Fachschule Bern (TF Bern), founded in 1888 in Switzerland, is renowned for blending technical training with real-world production. With 650 trainee spaces, TF Bern offers hands-on experience by creating custom furniture and interior fittings....
FSC and Aglomerados Cotopaxi Highlight Ecuador’s Leadership in Sustainable Forest Management
ECUADOR - Aglomerados Cotopaxi, one of Ecuador's leading forest products companies , recently hosted a significant discussion in partnership with FSC Ecuador to highlight the country’s pivotal role in sustainable forest management. Ecuador’s extensive forest coverage,...
Masisa Reports a 12.6% Decline in Sales Revenue in 6M-2024
CHILE – Masisa, one of the leading wooden panel manufacturers in South America, reported sales revenue for the first half of 2024 (6M-2024) was USD 140.4 million, down 12.6% from the same period last year (USD 160.7 million). This decline was due to lower...
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...
Videos
Current
Henkel Achieves Renewable Energy Goal in Middle East and Africa
GERMANY – Henkel Adhesive Technologies, a global leader for adhesives, sealants, and functional coatings, has achieved a major sustainability milestone: all of its manufacturing sites in the Middle East and Africa (MEA) now operate on 100% renewable electricity.
European Decorative Paper Manufacturers Unite for Anti-dumping Inquiry
BELGIUM – BELGIUM – Felix Schoeller and other leading European decorative paper manufacturers have expressed strong support for the European Commission’s decision to launch an anti-dumping investigation into decorative paper imports from China.
Eletrobras and Suzano Join forces to Develop Sustainable Fuels
BRAZIL – Eletrobras, the largest energy company in Latin America, and Suzano, the world’s leading pulp producer, have announced a partnership aimed at exploring sustainable solutions such as green hydrogen and synthetic fuels.
Brazilian Furniture Exports to South America Up 10.5% in first 5M-2024
BRAZIL – In the first five months of 2024 (5M-2024), Brazilian wooden furniture exports totaled USD 65.71 million, marking a 10.5% improvement from the same period in 2023 (5M-2023: USD 59.47 million).
European Production of Wood-Based Panels Down 6% in 2023
BELGIUM – In 2023, European production of wood-based panels experienced a notable decline of 6.3%, as reported by the European Panel Federation (EPF).
EU Commission Initiates Anti-Dumping Investigation on Chinese Decor Paper Imports
BELGIUM – The EU Commission has initiated anti-dumping proceedings against decor paper imports from China. A corresponding publication was made in the Official Journal of the European Union.
First Edition of interzum forum Italy Received Visitors From 52 Countries
ITALY -The inaugural interzum forum Italy, held in Bergamo, concluded with remarkable success. This biennial event, a new addition to the global calendar of furniture and interior design gatherings, brought together industry professionals worldwide.
People
