Newsletter August 09, 2024

We hope you found it useful our previous newsletter. We continue today with fresh news from the world of woodworking and the furniture industry.

• The Dutch Mountains: a revolution in urban-scale timber construction
  In Eindhoven, the Netherlands, "The Dutch Mountains" project promises to redefine urban architecture and the use of wood in large-scale construction. Featuring two impressive towers and extensive use of bio-based materials, this multifunctional project demonstrates the potential of wood in the sustainable buildings of the future. [link]
• The WOOD HUB: A new era for the timber community in Romania
  We are delighted to announce the launch of the WOOD HUB, an ambitious new project from Wood Magazine. This innovative platform aims to bring together professionals and enthusiasts in the wood industry, providing a space for networking, learning and collaboration. The first edition will take place during BIFE-SIM 2024. [link]
• SCM invests in the development of a portable CNC
  SCM Group has joined forces with Springa to bring to market Goliath, a portable CNC robot for large woodworking projects. This collaboration includes financial investment and a crowdfunding campaign, promising to revolutionize the way we work wood. [link]

• HOMAG Group faces challenges in the first half of 2024
  HOMAG Group reports a decline in sales and earnings in the first half of 2024, reflecting persistent customer reluctance to invest. The company has implemented measures to adjust capacity and increase efficiency to address these challenges. [link]

• Stora Enso reports mixed second quarter results in Europe
  Finnish group Stora Enso reported a slight decrease in total sales but a significant increase in adjusted EBIT in Q2 2024. In Europe, the packaging and wood products divisions reported mixed results, with challenges persisting in the construction sector. [link]

• West Fraser: Encouraging results in Europe despite economic challenges
  West Fraser reported improved performance for its Industrialized Wood Products segment in Europe in Q2 2024. The company anticipates long-term growth in demand for its European products, based on trends such as increased use of OSB and aging housing stock. [link]

• Södra: Stable results and important strategic decisions in Q2 2024
  Södra reported stable financial results for Q2 2024 and announced important strategic investments in kraft lignin and tannin production. These initiatives aim to maximize the value of wood resources and support the climate transition. [link]

• European timber market shows signs of resilience
  According to the Canfor Corporation report, the European timber market is showing remarkable resilience despite global challenges. Timber sales and production in Europe have increased, although some price pressures are expected in the near future. [link]

These are the highlights of the week. To make sure you don't miss any articles, please visit our website or follow us on social media.

Have a great week!

Wooden Magazine Team