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According to Destatis, the German furniture industry generated sales of around €4.2 billion in the third quarter of 2023, 8.6% less than in the same period last year.... [more...]
The Economic Coordination Committee (ECC) of the Cabinet in Islamabad has directed Pakistan’s Ministries of Commerce and National Food Security and Research to review the import policy... [more...]
From 2027, LIGNA will move away from the usual event period. Instead of Ascension Day, the organizers, Deutsche Messe AG and VDMA Woodworking Machinery, decided after intensive discussions to hold the event from May 10th to 14th. LIGNA 2029 is scheduled to take place from May 14th to 18th. ... [more...]
Ingka Investments, the investments arm of Ingka Group, the Ikea parent company commits to an additional EUR 1 billion for investments in innovation and transitional technologies, bringing its total commitment to the renewable energy sector to EUR 7.5 billion by 2030.... [more...]
Ingka Group, the largest IKEA retailer, has announced a positive performance for the fiscal year 2023 (1 September 2022 – 31 August 2023). Despite economic instability, geopolitical challenges, and ongoing effects of the pandemic, the company achieved a 5.4% growth in revenue, reaching Euro 44.3 billion. ... [more...]
India shows a low demand for lumber in November 2023. Also the market for logs - especially hardwood - is not showing much evolution. Most demand comes via the... [more...]
Nilo has announced its entry into a development and access agreement with Inter Ikea. Nilo, a deep tech company, has successfully developed and patented an adhesive derived from plastic waste for the production of wood-based panels.... [more...]