Headlines
Brazilian Furniture Exports up 7.6% in 1Q-2022
BRAZIL – Brazilian wooden furniture exports reached USD 164.87 million in the first three months of 2022 (1Q-2022). This represented a 7.6 per cent increase compared to the same period 2021 (USD 153.23 million).
Compusoft + 2020 Appoints Joerg Jung as Chief Executive Officer
Dexco announces start of operations at LD Celulose’s new mill
BRAZIL – After more than two years of construction, LD Celulose recently reported the start of operations of the equipment for the production of dissolving cellulose.
High demand for Raute plywood line in 2022
Schmalz acquires Binar Handling
GERMANY – J. Schmalz GmbH has acquired with effect from 23.03.2022, Binar Handling AB together with its subsidiaries in China, Turkey, France and Germany.
IMA Schelling increases production capacity in Poland
POLAND – The machine and plant manufacturer IMA Schelling is expanding its production site in Poland.
Sonae Arauco subscribes first funding linked to sustainability performance
PORTUGAL – Sonae Arauco, one of the world’s largest wood solutions companies, has subscribed its first funding linked to its sustainability performance (Sustainability-Linked Loan), amounting to 184 million euros.
CSIL publishes “The European market for RTA Furniture”
ITALY – The recently published CSIL report The European market for RTA furniture offers a detailed analysis of the ready-to-assemble (RTA) furniture sector in Europe.
Matak incorporates Threespine Technology to its furniture
MALAYSIA – Matak, a Malaysian furniture producer, recently invested in a completely new machine line from SCM specifically configurated for complete Threespine profiling.
Tvilum Reports a 20% Sales Increase Despite Volatile Market Conditions in 2021
DENMARK – Tvilum A/S, a global leader in RTA furniture, released its annual report for the 2021 fiscal year and presented a pre-tax result (EBT) of DKK 35 million (USD 5,1 million) that compares to DKK 91,6 million (USD 13,4 million) in 2020.
Scm Group among the Next generation Cloud Pioneers
ITALY – Data control and cyber security are two requests we increasingly hear made by customers and, according to experts, the demand for safety can only increase.
FIMMA + Maderalia 2022 exceeds Expectations with 10 % more visitors and return of international buyers
SPAIN – FIMMA + Maderalia, the Biennial International Fair for Materials, Technology and Components for Furniture Manufacturing, Interior Design and Contract Projects welcomed more than 35,000 trade visitors, a figure 10% higher than the number of the last edition, held in 2018, before the pandemic.
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China’s plywood exports crumble
CHINA – According to China Customs and as reported by ITTO, in the first quarter of 2020 China’s plywood exports were 1.85 million cubic meters valued at USD 787.6 million, a drop of 85% and 82% respectively over the same period in 2019.
Brazil’s furniture exports drop more than 43% in April
BRAZIL – Brazilian exports of wooden furniture dropped 43.3 percent in April 2020. Affected by COVID-19, Brazilian furniture shipments abroad reached USD 24.4 million against USD 43.2 million in April 2019.
Würth Group successfully places largest bond in its history: € 750 million
GERMANY – The Würth Group took advantage of the favorable conditions in the capital markets to acquire long-term funds and very successfully issued a € 750 million euro bond in the market on 11 May 2020 through its finance company Würth Finance International B.V.
Brazil: Forest sector companies invest BRL 114 million to help combat COVID-19
BRAZIL – Companies of the forestry sector are part of a large private initiative which is helping the country combat this crisis. Bracell, Cenibra, CMPC (and its subsidiary Softys), Duratex, Gerdau, Ibema, International Paper, Klabin, Suzano, Veracel and Westrock have invested at least BRL 114 million to benefit Brazilians throughout the territory.
Sharp drop in Chinese plywood and wooden furniture exports
CHINA – In the first quarter of 2020, China’s plywood exports were 1.85 million cubic meters valued at USD 787.6 million, a drop of 85 percent and 82 percent respectively over the same period in 2019, reported ITTO (International Tropical Timber Organization).
Acimall: 2019 a difficult year for Italian wood processing technology
ITALY – According to Acimall (Italian Woodworking Technology Association) the Italian industry of woodworking machinery and tools reached a value of 2,266 million euro in 2019, down by 9.9 percent from 2018.
Välinge installs increased R&D capacity in Sweden
SWEDEN – During 2019 Välinge invested in a new Homag profiling line for its R&D center that is now being installed.
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