Headlines
China’s Wooden Furniture Exports Surge 24% in 7M-2024
USA - According to Lesprom Analytics, China’s wood furniture exports saw a significant 24% increase in the first seven months of 2024, reaching 256 million pieces. This boost led to a 9% rise in export value, totaling USD 13.4 billion. Despite this growth, the average...
Metsä Group’s Carbon Capture Efforts Aim to Transform the Forest Industry
FINLAND - Metsä Group, one of the world’s largest forest industry groups, produces around 12 million tonnes of wood-based CO₂ annually and is now focused on large-scale carbon capture. Kaija Pehu-Lehtonen, the new project director, sees bio-based CO₂ as a valuable yet...
Ikea Tests New Digital Marketplace for Second-Hand Furniture in Madrid and Oslo
NETHERLANDS - Ikea is testing a new digital marketplace for second-hand furniture, called Ikea Preowned, in Madrid and Oslo, and is planning to roll out the site globally in December. This platform enables users to buy and sell used Ikea furniture directly, featuring...
Falabella Sells Shopping Center to Parque Arauco
CHILE - Falabella informed that it will sell to Parque Arauco the Open Plaza Kennedy shopping center and the entity that operates the Courtyard Hotel by Marriott inside the center, in Las Condes, Santiago. Falabella’s CEO, Alejandro González, stated that this move...
Salice Acquires Atim S.p.A.
ITALY - Salice, the Italian manufacturer of furniture fittings, has acquired Atim S.p.A., an Italian specialist in aluminum-based hardware solutions. This acquisition will enhance Salice's portfolio with innovative designs, including extendable tables and...
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...
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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.
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.
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