Headlines
Abac Capital invests in OB Cocinas to lead kitchen furniture manufacturing in Spain
SPAIN – Private equity fund Abac Sustainable Value II FCR (“Abac“) has acquired a majority stake in OB Cocinas with the aim of driving the creation of a leading kitchen furniture manufacturing group in Spain.
Hettich and Primabad make the bathroom more convenient
GERMANY – Dutch bathroom furniture manufacturer Primabad B.V. was looking for an aesthetically appealing and practical solution for barrier-free washroom facilities – and found it in cooperation with fittings manufacturer Hettich: the latest “Move” bathroom range conveniently raises the washbasin to any chosen height at the press of a button.
Record order intake for Siempelkamp in 2021
GERMANY – The Siempelkamp Group recorded an extraordinarily good business year 2021 with a record order intake of EUR 855.0 million, the company clearly exceeded its previous year’s order intake of EUR 552.7 million.
Egger Invests USD 20 million for third lamination line in US
USA – Egger Wood Products will invest USD 20 million for an additional thermally fused laminate production line at the company’s sole U.S. location.
Steelcase Named One of the World’s Most Admired Companies
USA – For the 16th consecutive year, Steelcase has been named among the world’s leading brands on Fortune’s 2022 World’s Most Admired Companies list in the Home Equipment and Furnishings category. Other leading brands in the same category are Stanley Black & Decker, Whirlpool, Haier Smart Home and others.
IDB grants USD 35 million loan to Masisa
CHILE – IDB Invest is providing USD 35 million worth of financing to Chile’s Masisa, a company that produces and sells solutions for furniture and interior architecture, with industrial operations in Chile y Mexico and export markets across Latin America, North America and Asia .
Dexco Posts Record Results in 2021
BRAZIL – Dexco (formerly Duratex), the largest wood panel manufacturer in the country, reported that sales revenue increased 39.0% in 2021, and 18.9% in the fourth quarter (4Q-2021) despite a drop in quarterly volume.
Stephanie Wagner is the new Head of LIGNA
GERMANY – Stephanie Wagner, the new Head of LIGNA, will be responsible for the project and thus for the content and operational management of the world’s leading trade fair for the woodworking and wood processing industry.
Sonae Arauco’s forestry R&D project assesses the resilience of pine species and provenance
PORTUGAL – Preliminary results from Sonae Arauco‘s Forestry Research & Development (R&D) Project, started in 2020, suggest that radiata pine from Chile is more resilient in a Portuguese setting.
Placas Do Brasil reaches 1,000,000 m3 of MDF produced
BRAZIL – In January, Placas do Brasil reached the volume of 1,000,000 m³ of MDF produced since the startup of the plant on June 11, 2018.
Nobia Sales Up 8% in 2021
SWEDEN – Net sales of the Nobia Group, one of the largest kitchen companies in Europe, increased by 8 percent to SEK 13.7 billion ( EUR 1.3 billion) in 2021.
Strong finish of the year for German machinery manufacturers
GERMANY – The German mechanical eningeering industry had an extraordinarily strong recovery last year. While the first coronavirus pandemic year 2020 was characterised by significant declines in orders, the order books were filled again strongly in 2021.
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FIMMA – Maderalia moves its next edition to June 2-5, 2020 at Feria Valencia
ESPAÑA – FIMMA – Maderalia has decided to move its next edition the first week of June due to the situation motivated by the spread of the coronavirus and the consequences arising from the foreign exhibitors and visitors, especially from Italy and Central Europe.
Espacio Cocina SICI will celebrate its next edition in September 2021
SPAIN- The next edition of Espacio Cocina SICI will be held in September 2021, at Feria Valencia and coinciding with the celebration of Feria Hábitat Valencia.
Etex-Arauco joint venture agrees to acquire a majority stake in Tecverde
Consumption of wood panels in Brazil drops 3% in 2019
Consumption of wood panels in Brazil drops 3% in 2019
BRAZIL – As reported by IBÁ (Brazilian Tree Industry), in 2019 the consumption of wood panels in Brazil reached 6.70 million m3, a 3.0 percent drop compared to the 6.91 million m3 reached in 2018.
Peru will award eight million hectares of forest to private investors
PERU – The Peruvian Government intends to allocate in 1980 eight million hectares of forests to private investors for sustainable projects that include forest concessions for timber extraction, ecotourism and conservation and use of ecosystem services.
LIGNA Conference to be held on 6 and 7 October in Rosenheim
GERMANY – It is the latest edition of Deutsche Messe’s successful LIGNA.Conference series, which is timed for the even, “LIGNA-free” years to provide an interim update on the latest developments, trends and themes shaping the sector.
Biesse in FIMMA 2020: a must for the wood sector
SPAIN – Biesse will have a 700 m2 stand at FIMMA 2020, which will take place from March 10 to 13 at the of Feria Valencia fairgrounds. There Biesse will exhibit a wide variety of technologies that the company has developed for wood transformation.
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