Updates

Global Wood Flooring Market to Reach $67.1 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Wood Flooring estimated at US$46.6 Billion in the year 2022, is projected to reach a revised size of US$67.1 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030, as per the Wood Flooring: Global Strategic Business Report. Engineered Wood, …

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Woodworking Machinery Sales to Hit US$ 8 Billion by 2033

As per the latest estimates by Fact.MR, a market research and competitive intelligence provider, the global woodworking machinery market is valued at US$ 5.2 billion in 2023 and is forecasted to reach US$ 8 billion by the end of 2033. Machinery used in woodworking is mostly to give shapes and dimensions to wood. Woodworking devices are employed in several …

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Melbourne Timber Tower T3 Collingwood

Melbourne Timber Tower to Get Clean Energy Funding

As the first of many mass timber constructions under the Timber Buildings Program, a hybrid timber tower in the Melbourne district of Collingwood has secured a $70 million investment from the Clean Energy Finance Corporation (CEFC). The sustainable commercial office tower, designed by Jackson Clements Burrows (JCB), will have 15 stories: 10 levels of timber …

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Wooden Roof

Cross Laminated Timber Market Expected to Reach USD 3,202 Million by 2030

The Global Cross Laminated Timber Market Size was USD 1,037 Million in 2021 and is expected to reach USD 3,202 Million by 2030, with a significant CAGR of 13.8% from 2022 to 2030. Due to growing concerns about greenhouse gas (GHG) emissions, the cross laminated timber market is expected to reach USD 3,202 million by …

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Forest Management

Enviva Applauds 550 Scientists for Public Letter Highlighting the Importance of Woody Biomass and Smart Forest Management

Enviva Inc. issued a statement praising the scientists in response to a letter that 550 international scientists sent to the presidents of the European Commission, European Parliament, and European Council outlining the many benefits of woody biomass and sustainable forest management for the climate. Enviva applauds 550 global scientists for their letter highlighting the important …

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Luigi De Vito Succeeds Jürgen Köppel as Eumabois President

At the Annual General Assembly of Eumabois hosted by the Polish Association DROMA on September 22 and 23 in Krakow, the current President Jürgen Köppel handed over the steering wheel of the European Federation to Luigi De Vito (of SCM Group), who has been supporting the Federation as Vice President since 2016. Frederik Meyer (Homag …

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ISA Pune Section

Industry experts discussed IoT and Industry 4.0 in the ISA Pune section knowledge sharing session

The International Society of Automation (ISA) Pune section organized knowledge sharing sessions on April 28, to mark the international automation professional day. Leading automation practitioners from the end user and OEM industry, consultants, system integrators, and automation suppliers met in Pune to celebrate the day. Over 200 attendees attended the event. ISA was founded on …

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