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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...
Raute Completes Full Acquisition of Hiottu, Plans Merger
FINLAND - The Board of Directors of Raute, a global leading maker of veneer, plywood and LVL technologies, has approved a plan to merge its wholly-owned subsidiary, Hiottu Oy, into Raute Corporation. The merger is set to take place on December 31, 2024. Raute first...
IWF 2024 Lived Up To Expactations
USA - The International Woodworking Fair (IWF), which concluded earlier this month, attracted a global audience of professionals from various segments of the woodworking industry. Held at the Georgia World Congress Center in Atlanta from August 6 to 9, the event was a...
Lowe’s Reports Second Quarter 2024 Results
USA - Lowe's, one of the largest global home improvement retailers, reported weaker-than-expected sales in the 2Q-2024 and reduced its full-year outlook due to a slowdown in spending on major home improvement projects. The company attributed the sales decline to...
Kronospan Expands with KS Terminal Acquisition
LATVIA - In early July, SIA Kronospan Riga acquired KS Terminal, the fourth-largest cargo terminal at the Port of Riga. This move strengthens Northern European operations of Kronospan and creates new growth opportunities. By late July, the Kronospan cargo ship...
Dexco Achieves Increased Sales and EBITDA in 2Q-2024
BRAZIL - Dexco, Brazil's largest wooden panel manufacturer, reported 2Q-2024 sales of BRL 1,995.4 million, a 2.1% increase compared to 2Q-2023, which was BRL 1,953.8 million. The company’s total sales for the first half of the year reached BRL 3,931.4 million,...
Impress Decor Brasil Invests in New Facilities and Technology
BRAZIL - Impress Decor, a specialist in decorative surfaces for panels, furniture, and flooring, is investing BRL 30 million USD 5.4 million) to expand its operations in Araucária, Paraná. This includes building a new Design Center, set to open in early 2025 as...
Biesse Sales Affected by Geopolitical Factors in 6M-2024
ITALY - Biesse Group has reported its financial results for the period from January to June 2024 (6M-2024). Sales reached EUR 395.7 million, representing a decrease of 5.4% compared to EUR 418.2 million for the same period in 2023. EBITDA also declined, down 30% to...
West Fraser Publishes 2Q-2024 Results
USA - West Fraser OSB business in Europe is seeing improved demand in 2024, while MDF and particleboard are experiencing softer demand, according to the company’s 2Q-2024 update. “While inflation appears stable, risks such as high interest rates, geopolitical...
Andritz Supplies Fiberboard Recycling Line to Sonae Arauco
PORTUGAL - International technology group Andritz has been awarded a contract to supply a dry fibreboard recycling line to Sonae Arauco's mill in Mangualde, Portugal. This line will convert end-of-life fibreboards into valuable fibres for new production, marking it as...
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Microsoft to Purchase 8 million Carbon Credits from BTG Pactual in Record Deal
USA – BTG Pactual Timberland Investment Group (TIG) has recently forged a transformative partnership with Microsoft, poised to deliver 8 million tons of carbon offset credits by 2043.
New Furniture Testing Lab Opens in Guadalajara
MEXICO – SGS has launched a state-of-the-art furniture testing lab in Guadalajara, Mexico, expanding its capacity for consumer product testing in the region.
Ravensberger Holz and Homag Achieve Significant Automation Advancement
GERMANY – Ravensberger Holz GmbH in Bielefeld, Germany, has achieved a significant milestone with the installation of a CNC drilling and routing center featuring robotic handling, marking a major advance in automation and digitalization in the wooden panel processing industry.
Metsä Group and Andritz Start Pioneering CO2 Capture Research
FINLAND – Metsä Group is collaborating with the technology company Andritz to explore integrating carbon capture into its bioproduct mill, potentially pioneering a global first.
Strong Booking Status for LIGNA’s 2025 Edition
GERMANY – At the end of May 2024, Deutsche Messe AG and the VDMA Woodworking Machinery Association reported excellent booking status for LIGNA 2025.
Colombian Imports of Decor Paper Increase 18.6% in 1Q-2024
COLOMBIA – The value of Colombian imports of decorative papers for panel surfaces and decorative laminates reached USD 4.20 million in 1Q-2024.
German furniture Exports Down by Almost 9% in 1Q-2024
GERMANY – In the first quarter of this year, the German furniture industry saw a decline in its export business. According to preliminary data from the Federal Statistical Office, furniture exports fell by nearly 9 percent to approximately EUR 2 billion.
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