News archive

July 2019

VDMA first survey on machine learning in mechanical industry: artificial intelligence has high relevance

30-07-2019
VDMA, survey, machine learning, artificial intelligence, mechanical engineering industry

In spring 2019, the VDMA conducted its first survey on machine learning in mechanical and plant engineering. More than 70 companies took part in the survey. The main focus of the study was on the significance and use of the artificial intelligent (AI) products in business processes as well as in products and services. The interviewees indicate a …

Editor’s pickKaterra CLT passes testing for first project use, first panels to ship soon

26-07-2019
Katerra, CLT, factory, master panel, largest CLT panels, Catalyst Building, Spokane, Washington, United States

Katerra’s goal is to develop world-class advanced building materials and systems, while making them both more widely available and higher quality than ever before. As an integrated, end-to-end building services provider, Katerra is one of the few companies working with CLT comprehensively, spanning R&D, design, sourcing, codes and …

EGGER Group: stable results and high investments for 2018/19 financial year

26-07-2019
EGGER Group, annual press conference, furnitue, flooring, OSB, rawboards

The wood-based materials manufacturer recorded sales of EUR 2.84 billion and adjusted EBITDA of EUR 425.0 million. The EGGER Group reports on a successful, albeit challenging, 2018/2019 financial year during its annual press conference on 25 July 2019 at its headquarters in St. Johann in Tirol. The key performance indicators showed a stable …

Sappi becomes an International Stakeholder member of PEFC

25-07-2019
Sappi, PEFC, forestry

Sappi Limited (Sappi) has become an International Stakeholder member of the Programme for the Endorsement of Forest Certification™ (PEFC™). This membership aligns with the company’s focus on sustainable forest management and responsible procurement throughout their supply and value chains. Steve Binnie, Sappi Chief Executive …

China’s wooden furniture exports in 2018

25-07-2019
China, exports, wood furniture, 2018

The value of China’s wooden furniture exports was US$13.489 billion in 2018, a year on year decline of 2%, reported Global Wood. The US still is the main destination for China’s wooden furniture exports. The top 10 markets accounted for around 75% of all wooden furniture exports. China’s primary wooden furniture export markets …

U.S. import of wooden furniture catches up

25-07-2019
U.S. imports, 2018, wooden furniture

The volume of U.S. imports of wooden furniture grew by 17% in May, surging ahead of 2018 year to date for the first time this year. Imports from China, Vietnam, Malaysia and Mexico all rose by more than 10%. Year to date, imports from Vietnam and Malaysia are up 29% and 13% respectively, reported Global Wood. The results of the Smith Leonard …