Headlines
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...
Ikea Integrates AI Drones for Continuous Distribution Center Operations
BELGIUM - Ikea is advancing its drone technology with AI-powered systems designed to work around the clock with employees. After a successful trial at the Winterslag Distribution Centre in Belgium, Ikea plans to expand this system to more locations next year. This...
Miralis Group Inaugurates the Most Automated Factories in its Industry in North America
CANADA – Miralis, one of the largest manufacturers of kitchen cabinets in the country, has inaugurated two new production facilities, aiming to boost sales by exploring new markets and diversifying its product range. The company opened a new cabinet plant, named U2,...
LL Flooring Enters Chapter 11, Shutting Down Over 90 Locations
USA - LL Flooring has filed for Chapter 11 bankruptcy and plans to close over 90 of its stores, according to a U.S. Securities and Exchange Commission filing. The company aims to pursue a sale of its business while reducing its physical footprint. CEO Charles Tyson...
Significant Growth in Panama’s Particleboard Imports in First Half 2024
PANAMA - In the first six months of 2024, Panama's particleboard/MDP imports increased by 48.3% compared to the same period in 2023, totaling USD 7,122,364. The leading supplier countries were Ecuador, with an 18.3% increase (USD 2,263,045 ), compared to the same...
Novopan Obtains FSC Forest Management Certification
ECUADOR - In line with its commitment to sustainable forest management in its operations, Novopan Del Ecuador has achieved FSC Forest Management certification. This milestone demonstrates that the company's products originate from well-managed forests, controlled...
Homag Sales Down 14% in 6M-2024
GERMANY - The Homag Group continues to face the impact of investment reluctance, with decreased sales and earnings in the first half of 2024 (6M-2024). Sales dropped 14% to EUR 706 million, compared to EUR 817 million the previous year, reflecting ongoing market...
Egger Ends Financial Year With EUR 4.13 Billion in Turnover Despite Challenges
AUSTRIA - The Egger Group, one of the main wooden panel manufacturers in the world, reported a turnover of EUR 4.13 billion for the 2023/2024 financial year, reflecting a challenging economic environment. Despite a 7.1% decrease from the previous year and an 18.1%...
Siempelkamp Names Jan Bender as Head of Marketing & Communications
GERMANY -Since August 1st, Jan Bender has taken over marketing and corporate communications at the Siempelkamp Group, bringing a strong focus on machine and plant engineering. As Head of Marketing & Communications, Bender will direct brand management, global...
SCM and Springa Partner for Global Goliath CNC Robot Distribution
ITALY - SCM and Springa, a startup focused on digital manufacturing tools, have partnered to distribute the Goliath CNC, a portable milling machine for large-scale projects. The Goliath CNC will be sold globally under the name “scm maker” through SCM’s distributor...
MasterBrand’s Net Income Falls 11.5% in Second Quarter
USA - MasterBrand, Inc, North America's largest residential cabinet manufacturer, reported its second quarter 2024 (2Q-2024) financial results. “MasterBrand delivered solid financial performance this quarter, with year-over-year adjusted EBITDA margin growth and...
Commercial Mission Chile: 35 Brazilian Firms and Buyers from 7 Countries
CHILE - On July 23-24, 2024, Santiago, Chile, hosted the Missão Comercial Chile 2024, an event aimed at boosting the Latin American furniture market through the Brazilian Furniture Project. Organized by ABIMÓVEL (Brazilian Association of Furniture Industries) in...
Current
Interzum Forum Italy Attracts 200 Exhibitors from 23 Nations
ITALY – The premiere interzum forum italy will take place in Bergamo on June 6-7, 2024, with the participation of 200 exhibitors from 23 countries and more than 30 conferences with 60 speakers from Italy and around the world.
Chilean Particleboard Exports Rise in 1Q-2024
CHILE – Chilean exports of particleboards (PB/MDP) reached USD 23.88 million in the first quarter of 2024 (1Q-2024), marking a 5.1% increase from USD 22.72 million in 1Q-2023.
Ecuadorian Decor Paper Imports Down in 1Q-2024
ECUADOR – In the first quarter of 2024 (1Q-2024), Ecuador imported decorative papers for wood panel surfaces amounting to USD 7.27 million, down by 14.3% from the same period last year (1Q-2023: USD 8.48 million).
Sicam Registrations are Open
ITALY – Sicam recently announced the opening of registrations for its upcoming edition, showcasing semi-finished products, supplies, and furniture accessories.
Succesfull 40th Edition of FIMMA-Maderalia
SPAIN – The 40th edition of FIMMA + Maderalia in Spain concluded with great success, marking a significant milestone for the country’s wood industry.
Arbonia Acquires the Spanish Market Leader for Doors
SWITZERLAND – Arbonia is expanding its presence in Europe’s interior and special door markets through acquisitions.
Owens Corning Completes Acquisition of Masonite
USA – Owens Corning has completed its USD 3.9 billion acquisition of Masonite International Corporation, a global leader in interior and exterior doors.