The acquisition aims to improve local availability of edging products from plants in Turkey and Germany.
الأثاث
Price for wood furniture exported from Turkish rose 2%.
Year to date, wood products shipments were up 0.1% and paper products shipments up 2.0%, against a 7.1% gain for all manufacturing.
Sinowolf operates two manufacturing sites with 1 billion metres annual edge banding capacity.
Price for wood furniture imported to Japan grew only 0.2%.
The company sees an opportunity to divert waste wood from energy production and reuse it as material for new products.
U.S. exports fall 37.5% while South Korea shipments rise 20.8%; industry expects low-single-digit sales growth in 2026.
Price for wood furniture exported from Chinese contracted 12%.
Imports of wood furniture to Switzerland stayed flat.
Price for wood furniture exported from Indian upped 2%.
Price for wood furniture exported from Italian expanded 41%.
Price for wood furniture exported from Brazilian rose 1.3%.
Domestic sales fell 4.1%, while U.S. shipments declined amid tariffs. The industry expects full-year sales to decrease approximately 3%.
Revenue and costs fell 14.6% and 14.3%, respectively, in January-July 2026.
Imports of wood furniture to Japan increased slightly 0.3%.
Price for wood furniture exported from Turkey slid 2%.
Price for wood furniture exported from Italy contracted 10%.
Price for wood furniture exported from China dipped 1.4%.
The company aims to improve profitability, speed up decision-making and consolidate its Nordic supply chain.
The companies remain in the China-wide entity, with the rate applying to reviewed entries and future cash deposits.