homag

Woodworking Industry News

Panel and surface technologies highlight Xylexpo 2010

MILAN, ITALY - Xylexpo 2010 continued Wednesday with steady, albeit lesser attendance than past years' shows.Still, attendees were showing interest in the new technology on display throughout the halls of the FieraMilano Rho Fairgrounds in Milan. The five-day biennial woodworking show runs through May 8. An estimated 80,000 attendees from all over the world are expected to attend the 22nd Xylexpo show. According to show management, this year’s show features 652 exhibitors spread across 42,500 net square meters.

Woodworking Industry News

Homag posts improvement in Q4, loses $28 million in 2009

SCHOPFLOCH, GERMANY – Homag Group AG, a manufacturer of woodworking equipment, reported that it returned to profitability in the fourth quarter but lost approximately $28 million for all of 2009. According to the Moscow-based Lespron Network, Homag’s revenue fell 39% to $709 million in 2009, down from $1.16 billion in 2008. “Although we are by no means back to where we were before the crisis, the volume of business is clearly on the rise,” Homag CEO Rolf Knoll told Lespron.