Headlines
Arauco Will Produce OSB at Trupan Complex with USD 92 Million Investment
CHILE – In a recent extraordinary session, the board of directors of Maderas Arauco S.A. approved plans to establish and operate an oriented strand board (OSB) manufacturing line within the Trupán Complex.
Kronospan Luxembourg starts production of particleboard using 100% recycled wood
LUXEMBOURG – Kronospan Luxembourg S.A. recently announced the successful production of its inaugural panel of particleboard (PB) crafted entirely from 100% recycled wood.
Italian Wood Processing Technology Exports Down 6.1% in 1Q-2024
ITALY – Acimall, the Italian association for woodworking machinery and technologies, has released data indicating that exports totaled EUR 379.4 million in the first quarter of this year, marking a 6.1% decline compared to the same period in 2023.
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).
Dieffenbacher Restructures in Latin America
BRAZIL – German machine and plant manufacturer Dieffenbacher is restructuring its Wood business unit in Latin America, effective July 1, 2024.
Scm Group Acquires Tecno Logica
ITALY – Scm Group, a leading multinational in technologies for machining wood and other materials, recently signed an agreement with Tecno Logica to take over control of its share capital.
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).
Sodimac Opens 14th Store in Mexico
MEXICO – The Chilean home improvement chain Sodimac has significantly bolstered its presence in Mexico with the inauguration of its 14th store in Monterrey, encompassing an expansive sales area spanning 8,400 square meters.
The Home Depot Completes Acquisition of SRS Distribution
USA – The Home Depot, the world’s largest home improvement retailer, has successfully finalized the acquisition of SRS Distribution, Inc. (SRS) for a total enterprise value of around USD 18.25 billion.
Blum Published its First Sustainability Report
AUSTRIA – Julius Blum GmbH, a leading Austrian manufacturer of high-quality kitchen and furniture hardware, has published its first sustainability report for the 2022/2023 fiscal year.
Idea Italia Integrates Threespine Technology for International Expansion
GUATEMALA – Idea Italia has chosen Välinge Innovation’s groundbreaking Threespine Click Furniture Technology to enhance their product line with easy-to-assemble kitchen cabinets, as they expand further into the North and South American markets.
Kesseböhmer is Expanding its Plant in China
CHINA – Kesseböhmer, a global leading supplier of kitchen interior fittings, celebrated a milestone in mid-June with the groundbreaking ceremony for the expansion of its plant in Changzhou/Jintan, China.
Current
Masonite Shareholders Approve Acquisition by Owens Corning
USA – Masonite International Corporation has announced that its shareholders have overwhelmingly voted in favor of the proposed acquisition by Owens Corning during a special shareholders meeting.
Industry 5.0 Takes Center Stage at Xylexpo 2024
ITALY – From May 21 to 24, 2024, Xylexpo will be held in Halls 1 and 3 of FieraMilano Rho. The biennial event, focused on wood and woodworking machinery, has already attracted more than 260 exhibitors, with a third of them coming from the international scene.
German Kitchen Furniture Sales Declining in Early 2024
GERMANY – According to the latest data from the Verband der Deutschen Küchenmöbelindustrie (VdDK), the German kitchen furniture industry has experienced a notable downturn in sales in first months 2024.
Fimma Brasil 2025 Begins Space Commercialization
BRAZIL – One of the world’s largest furniture sector fairs, the International Fair of Suppliers for the Wood and Furniture Production Chain (Fimma Brasil), occurs in Bento Gonçalves.
Services Account for 25% of Total Machinery Sector Turnover
ITALY – The comprehensive insights from the “Digital Servitisation in the Machinery Sector” observatory carried out by Digital Industries World and presented on April 11th, 2024, offer a detailed understanding of the significance of service activities within the machinery sector’s economic landscape.
Strong Increase in Brazilian Particleboard Exports in 1Q-2024
BRAZIL – In the first quarter of 2024 (1Q-2024), the value of Brazil’s exports of particleboard (PB/MDP) totaled USD 30.67 million, marking a notable increase of 35.3% compared to the same period in the previous year, when exports amounted to USD 22.67 million.
Tropical Forest Deforestation Decreased in 2023
USA – In 2023, tropical forest conservation saw positive developments as deforestation rates declined, with Brazil and Colombia achieving significant reductions in primary forest loss.
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