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Lunawood

Full company profile

uuid0007xxh

Namestring
Lunawood
Legal namestring
Oy Lunawood Ltd
Websiteurl
lunawood.com
Company typeenum
Private
Founded yearint
2001
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersLahti, Finland
HQ citystring
Lahti
HQ countrystring
Finland
HQ regionstring
Europe
Markets served

Serves global market

Offices7 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
thermally modified wood, ThermoWood cladding, wood decking battens, interior wood paneling, sustainable building materials
Industry3 codes
1Engineered Wood Siding, Trim & Mouldings
CodeIMAMACAIPrimaryYes
2Wood Treatment & Preservation for Engineered Wood Products
CodeIMAMACAMPrimaryNo
3Wood Mouldings, Millwork & Trim
CodeIMADADAGPrimaryNo
NAICS code2 codes
  • Engineered Wood Member Manufacturing321215
  • Veneer, Plywood, and Engineered Wood Product Manufacturing3212
SIC code1 code
  • Millwood, Veneer, Plywood, & Structural Wood Members2430
Product category
Thermally Modified Wood Building Materials
GTM motion4 records

Each record includes

Type, Description, Source

Revenue model1 record
1Thermally Modified Wood Product Sales
TypeOne Time License
Description

One-time sale of Lunawood ThermoWood® products including cladding, battens, decking, and interior panels. Products are manufactured in Finland from certified Nordic timber and sold through direct sales and distributor networks globally.

lunawood.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Pricing details1 tier
1Free sample program for professionals
ModelFreemiumBilling cadencePay-as-you-go
Notes

Free sample box including five distinct profiles from Lunawood Collection. Delivered directly to preferred address with approximately 2 week delivery time. Available to architects, designers, and construction professionals in countries where Lunawood Collection is available.

lunawood.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Lunawood manufactures and globally sells thermally modified wood (ThermoWood®) products made from PEFC/FSC-certified Nordic pine and spruce using a patented chemical-free heat-and-steam process. The core product lines are cladding (multiple tongue-and-groove profiles), battens, decking (with hidden Profix fixings), and interior paneling, sold to architects, builders, distributors and commercial clients across 60 countries via direct sales and a distributor network.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • 30-year expected service life for exterior cladding and decking according to BRE endorsement
+6 more records
Product overview1 text field

Lunawood is a Finnish manufacturer of Nordic ThermoWood® — thermally modified wood products produced using only heat and steam (zero chemicals). The product portfolio consists of four core product categories: Thermowood Cladding (tongue-and-groove and flat panels in multiple profiles such as Luna UTV, Luna Triple, Luna Sharp, Luna Edge, Luna Grain, Luna Classic, Luna Block, Luna Round, Luna Femma, Luna Bevel, Luna Pure, Luna TGV, Luna UTS, Luna UYLS, Luna Layer), Thermowood Battens (Luna SHP, Luna Parallelogram, Luna Half Parallelogram, Luna Arctic SHP, Luna Arctic Sharp in various dimensions), Thermowood Decking (featuring the Luna Profix hidden fixing system including Luna SHP Profix 2/3 and Luna Deck 2 Profix 2 profiles), and Interior Paneling. These are supplemented by two major sub-families — the Luna Panel System (5 panel profiles for facades/interiors, also available with fire-retardant treatment) and 3D Cladding Products (7 profiles including Luna Aalto, Luna Trio, Luna Triple Shadow, Luna Duo, Luna Duple, Luna Dual). The Luna Arctic sub-brand offers pre-finished silver-grey brushed products for instant grey aesthetics. An optional fire-retardant pressure-impregnation treatment raises products to Euroclass B fire rating. Lunawood also provides professional support services including free BIM objects for ArchiCAD and Revit, a free sample program, and an accredited CPD training course. All products are made in Finland from PEFC/FSC-certified Nordic timber, with manufacturing in Iisalmi and Kaskinen.

Product and service8 records
1Lunawood Thermowood Cladding
CategoryThermowood Cladding
Description

Tongue-and-groove and flat ThermoWood cladding panels made from thermally modified Nordic pine and spruce, offered in multiple profiles for facades, mobile homes, and exterior applications in all climates without chemical treatment.

2Lunawood Thermowood Battens
CategoryThermowood Battens
Description

Thermally modified Nordic pine and spruce battens in various sizes and profiles for façades, solar screens, landscaping, and furniture applications.

3Lunawood Thermowood Decking
CategoryThermowood Decking
Description

Chemical-free thermally modified Nordic spruce and pine decking with hidden Profix fixing systems, providing dimensionally stable, durable, and elegant outdoor flooring suitable for all climates.

4Lunawood Interior Paneling
CategoryThermowood Interior Paneling
Description

Interior wall and ceiling paneling products made from PEFC-certified thermally modified spruce and pine, providing acoustic benefits, health benefits, and a natural Nordic aesthetic for indoor spaces including saunas and spas.

5Luna Panel System
CategoryThermowood Panel Systems
Description

A family of tongue-and-groove ThermoWood panel profiles designed for creative and long-lasting wooden surfaces on facades, interior walls, and ceilings; also available with fire-retardant treatment achieving Euroclass B fire rating.

6Lunawood 3D Cladding Products
Category3D Cladding Profiles
Description

Seven premium 3D ThermoWood cladding profiles providing a three-dimensional contemporary appearance for walls and ceilings; tongue-and-grooved for quick installation with a batten-like result.

7Luna Arctic Products
CategoryPre-finished Grey Thermowood
Description

Pre-finished silver-grey brushed ThermoWood products offering instant grey appearance that evolves naturally over time, providing a low-maintenance solution for facades and interior walls with seamless indoor-outdoor transitions.

8Fire Retardant Lunawood ThermoWood
CategoryFire Retardant Treatment
Description

Pressure-impregnated fire-retardant ThermoWood products achieving Euroclass B-s1,d0 (planed flat tongue & groove) or B-s2,d0 (3D profiles) fire ratings per EN 13501; non-toxic with a chemically untreated appearance and available in custom painted colors.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1West Coast Sauna Summit
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-27
Description

Partnership to promote sauna culture and sustainable architecture in North America. Initiative launched with webinar on November 4, 2025. Emphasizes use of Lunawood's ThermoWood® in wellness projects like Ærth Saunas in Victoria, BC. Aims to advance authentic sauna values and sustainable building practices.

globenewswire.com
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-01
Description

Partnership announced October 2025 to create consistency across major building certification systems including LEED, WELL, BREEAM, Living Building Challenge, and Green Star. Lunawood products qualify for LEED v5 Materials and Resources credit MRc4 based on multi-attribute sustainability qualities covering human health, climate health, ecosystem health, social health and equity, and circular economy criteria.

3Vieremän Lämpö ja Vesi
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership announced June 2026 to advance sustainable energy through biogas. Energy partner for Lunawood's production operations.

lunawood.com
Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Local partner in South Africa conducting SAIA accredited CPD training courses on-site in Cape Town and Johannesburg areas.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Estonian-headquartered manufacturer of thermally modified wood (decking, cladding, sauna) using steam/heat treatment. Closest direct competitor to Lunawood in the chemical-free ThermoWood category, serving Europe and North America.

TypeDirect peer
Description

Norwegian manufacturer of furfurylated modified wood for decking and cladding. Directly competes with Lunawood in the chemical-modified exterior wood category with a focus on sustainability and durability, sharing key European and US architectural project channels.

TypeEmerging player
Description

US-listed leading manufacturer of wood-plastic composite decking and railing. Competes with Lunawood in premium exterior decking from a different material platform; relevant peer for assessing alternative-material substitution risk in Lunawood's outdoor decking category.

TypeBroad incumbent
Description

Canadian lumber and wood panels producer (OSB, MDF, plywood). Broad incumbent in construction-grade wood panels with similar architectural end-markets, though industrial-scale commodity focus differs from Lunawood's specialty positioning.

TypeBroad incumbent
Description

Large US timberland owner and wood-products manufacturer producing lumber, OSB, and engineered wood for residential construction. Broad incumbent comparable on end-market focus (architectural building products), though with different processing technology.

TypeBroad incumbent
Description

Finnish forest products conglomerate producing timber, plywood, and engineered wood products for construction. A large-scale Nordic peer with overlapping raw material base (Nordic softwood) and sustainability positioning.

TypeBroad incumbent
Description

Finnish forest-products major producing Kerto LVL engineered wood and other structural timber. Comparable as a large Nordic wood-products incumbent, though focused on structural/engineered members rather than thermally modified cladding.

TypeDirect peer
Description

London-listed producer of Accoya acetylated wood and Tricoya panels - a competing wood-modification technology (chemical acetylation vs. thermal-only). Targets the same premium exterior cladding, decking, and joinery applications as Lunawood, primarily in Europe and North America.

TypeRegional player
Description

Finnish/regional Nordic thermally modified wood and treated-timber supplier focused on domestic and Baltic markets. Regional player overlapping with Lunawood in Nordic thermowood but with narrower geographic reach and product range.

TypeBroad incumbent
Description

Major Finnish-Swedish forest products group producing sawn timber, engineered wood, and wood-based building solutions. Comparable broad incumbent in Nordic building materials, though covers a much wider product range than Lunawood's thermal modification niche.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers23 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles17 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance12 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lunawood

Thermally Modified Wood Building Materialslunawood.com

Lunawood firmographics

Firmographics
Name
Lunawood
Legal name
Oy Lunawood Ltd
Website
https://lunawood.com
Company type
Private
Founded year
2001
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

Lunawood industry classification

Industry
Product category
Thermally Modified Wood Building Materials
NAICS
Engineered Wood Member Manufacturing (321215), Veneer, Plywood, and Engineered Wood Product Manufacturing (3212)
SIC
Millwood, Veneer, Plywood, & Structural Wood Members (2430)
akta.pro primary industry
Engineered Wood Siding, Trim & Mouldings (IMAMACAI)
akta.pro secondary industries
Wood Treatment & Preservation for Engineered Wood Products (IMAMACAM), Wood Mouldings, Millwork & Trim (IMADADAG)

Keywords

  • Thermally modified wood
  • ThermoWood cladding
  • Wood decking battens
  • Interior wood paneling
  • Sustainable building materials

Where Lunawood is headquartered

Location

Headquarters

HQ city
Lahti
HQ country
Finland
HQ region
Europe

Offices7 records

Markets served

Lunawood business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

  1. Thermally Modified Wood Product Sales: One-time sale of Lunawood ThermoWood® products including cladding, battens, decking, and interior panels. Products are manufactured in Finland from certified Nordic timber and sold through direct sales and distributor networks globally.

Pricing tiers

ModelBillingPrice
FreemiumPay-as-you-goFree sample program for professionals

Go-to-market motion4 records

Distribution channels3 records

Marketing channels8 records

Lunawood product offering

Product offering

Core offering

Lunawood manufactures and globally sells thermally modified wood (ThermoWood®) products made from PEFC/FSC-certified Nordic pine and spruce using a patented chemical-free heat-and-steam process. The core product lines are cladding (multiple tongue-and-groove profiles), battens, decking (with hidden Profix fixings), and interior paneling, sold to architects, builders, distributors and commercial clients across 60 countries via direct sales and a distributor network.

Product overview

Lunawood is a Finnish manufacturer of Nordic ThermoWood® — thermally modified wood products produced using only heat and steam (zero chemicals). The product portfolio consists of four core product categories: Thermowood Cladding (tongue-and-groove and flat panels in multiple profiles such as Luna UTV, Luna Triple, Luna Sharp, Luna Edge, Luna Grain, Luna Classic, Luna Block, Luna Round, Luna Femma, Luna Bevel, Luna Pure, Luna TGV, Luna UTS, Luna UYLS, Luna Layer), Thermowood Battens (Luna SHP, Luna Parallelogram, Luna Half Parallelogram, Luna Arctic SHP, Luna Arctic Sharp in various dimensions), Thermowood Decking (featuring the Luna Profix hidden fixing system including Luna SHP Profix 2/3 and Luna Deck 2 Profix 2 profiles), and Interior Paneling. These are supplemented by two major sub-families — the Luna Panel System (5 panel profiles for facades/interiors, also available with fire-retardant treatment) and 3D Cladding Products (7 profiles including Luna Aalto, Luna Trio, Luna Triple Shadow, Luna Duo, Luna Duple, Luna Dual). The Luna Arctic sub-brand offers pre-finished silver-grey brushed products for instant grey aesthetics. An optional fire-retardant pressure-impregnation treatment raises products to Euroclass B fire rating. Lunawood also provides professional support services including free BIM objects for ArchiCAD and Revit, a free sample program, and an accredited CPD training course. All products are made in Finland from PEFC/FSC-certified Nordic timber, with manufacturing in Iisalmi and Kaskinen.

Differentiator

Problem solved

Functional benefit

Products and services

  • Lunawood Thermowood Cladding Tongue-and-groove and flat ThermoWood cladding panels made from thermally modified Nordic pine and spruce, offered in multiple profiles for facades, mobile homes, and exterior applications in all climates without chemical treatment.
  • Lunawood Thermowood Battens Thermally modified Nordic pine and spruce battens in various sizes and profiles for façades, solar screens, landscaping, and furniture applications.
  • Lunawood Thermowood Decking Chemical-free thermally modified Nordic spruce and pine decking with hidden Profix fixing systems, providing dimensionally stable, durable, and elegant outdoor flooring suitable for all climates.
  • Lunawood Interior Paneling Interior wall and ceiling paneling products made from PEFC-certified thermally modified spruce and pine, providing acoustic benefits, health benefits, and a natural Nordic aesthetic for indoor spaces including saunas and spas.
  • Luna Panel System A family of tongue-and-groove ThermoWood panel profiles designed for creative and long-lasting wooden surfaces on facades, interior walls, and ceilings; also available with fire-retardant treatment achieving Euroclass B fire rating.
  • Lunawood 3D Cladding Products Seven premium 3D ThermoWood cladding profiles providing a three-dimensional contemporary appearance for walls and ceilings; tongue-and-grooved for quick installation with a batten-like result.
  • Luna Arctic Products Pre-finished silver-grey brushed ThermoWood products offering instant grey appearance that evolves naturally over time, providing a low-maintenance solution for facades and interior walls with seamless indoor-outdoor transitions.
  • Fire Retardant Lunawood ThermoWood Pressure-impregnated fire-retardant ThermoWood products achieving Euroclass B-s1,d0 (planed flat tongue & groove) or B-s2,d0 (3D profiles) fire ratings per EN 13501; non-toxic with a chemically untreated appearance and available in custom painted colors.

Quantifiable outcome

  • 30-year expected service life for exterior cladding and decking according to BRE endorsement
  • +6 more outcomes

Companies that use Lunawood

Customer profile

Named customers23 records

Segments5 records

Ideal customer profiles4 records

Lunawood technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Lunawood partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core and minor.

  • West Coast Sauna SummitcoreStrategic or Co-development Partner · 27 October 2025Partnership to promote sauna culture and sustainable architecture in North America. Initiative launched with webinar on November 4, 2025. Emphasizes use of Lunawood's ThermoWood® in wellness projects like Ærth Saunas in Victoria, BC. Aims to advance authentic sauna values and sustainable building practices.
  • USGBC (US Green Building Council) and Major Certification ProgramscoreStrategic or Co-development Partner · 1 October 2025Partnership announced October 2025 to create consistency across major building certification systems including LEED, WELL, BREEAM, Living Building Challenge, and Green Star. Lunawood products qualify for LEED v5 Materials and Resources credit MRc4 based on multi-attribute sustainability qualities covering human health, climate health, ecosystem health, social health and equity, and circular economy criteria.
  • Vieremän Lämpö ja VesiminorStrategic or Co-development PartnerPartnership announced June 2026 to advance sustainable energy through biogas. Energy partner for Lunawood's production operations.
  • MspecminorChannel Partner/ Reseller/ DistributorLocal partner in South Africa conducting SAIA accredited CPD training courses on-site in Cape Town and Johannesburg areas.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Lunawood competitors and assessment

Company assessment

Direct peers

  • Thermory: Estonian-headquartered manufacturer of thermally modified wood (decking, cladding, sauna) using steam/heat treatment. Closest direct competitor to Lunawood in the chemical-free ThermoWood category, serving Europe and North America.
  • Kebony: Norwegian manufacturer of furfurylated modified wood for decking and cladding. Directly competes with Lunawood in the chemical-modified exterior wood category with a focus on sustainability and durability, sharing key European and US architectural project channels.
  • Accsys Technologies (Accoya): London-listed producer of Accoya acetylated wood and Tricoya panels - a competing wood-modification technology (chemical acetylation vs. thermal-only). Targets the same premium exterior cladding, decking, and joinery applications as Lunawood, primarily in Europe and North America.

Emerging players

  • Trex Company: US-listed leading manufacturer of wood-plastic composite decking and railing. Competes with Lunawood in premium exterior decking from a different material platform; relevant peer for assessing alternative-material substitution risk in Lunawood's outdoor decking category.

Broad incumbents

  • West Fraser Timber: Canadian lumber and wood panels producer (OSB, MDF, plywood). Broad incumbent in construction-grade wood panels with similar architectural end-markets, though industrial-scale commodity focus differs from Lunawood's specialty positioning.
  • Weyerhaeuser: Large US timberland owner and wood-products manufacturer producing lumber, OSB, and engineered wood for residential construction. Broad incumbent comparable on end-market focus (architectural building products), though with different processing technology.
  • UPM-Kymmene: Finnish forest products conglomerate producing timber, plywood, and engineered wood products for construction. A large-scale Nordic peer with overlapping raw material base (Nordic softwood) and sustainability positioning.
  • Metsä Wood: Finnish forest-products major producing Kerto LVL engineered wood and other structural timber. Comparable as a large Nordic wood-products incumbent, though focused on structural/engineered members rather than thermally modified cladding.
  • Stora Enso: Major Finnish-Swedish forest products group producing sawn timber, engineered wood, and wood-based building solutions. Comparable broad incumbent in Nordic building materials, though covers a much wider product range than Lunawood's thermal modification niche.

Regional players

  • Russin Metsä / Heartwood Forest Products: Finnish/regional Nordic thermally modified wood and treated-timber supplier focused on domestic and Baltic markets. Regional player overlapping with Lunawood in Nordic thermowood but with narrower geographic reach and product range.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Lunawood social profiles

Digital presence

Lunawood compliance and trust

Trust signal

Compliance12 records

Lunawood financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lunawood leadership team

Management profile

Number of profiles

Profiles17 records

Lunawood subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Lunawood funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lunawood M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lunawood

What does Lunawood do?

Lunawood manufactures and globally sells thermally modified wood (ThermoWood®) products made from PEFC/FSC-certified Nordic pine and spruce using a patented chemical-free heat-and-steam process. The core product lines are cladding (multiple tongue-and-groove profiles), battens, decking (with hidden Profix fixings), and interior paneling, sold to architects, builders, distributors and commercial clients across 60 countries via direct sales and a distributor network.

Is Lunawood a public or private company?

Lunawood is a private company. It is classified as family owned and is currently operating.

When was Lunawood founded?

Lunawood was founded in 2001. It employs 51 to 100 people.

Where is Lunawood based?

Lunawood is headquartered in Lahti, Finland, in the Europe region.

How does Lunawood make money?

One revenue line is on record: thermally Modified Wood Product Sales.

Who are Lunawood's main competitors?

Direct peers on record are Thermory, Kebony and Accsys Technologies (Accoya). Trex Company is listed as an emerging player. Broad incumbents are West Fraser Timber, Weyerhaeuser, UPM-Kymmene, Metsä Wood and Stora Enso. Russin Metsä / Heartwood Forest Products is listed as a regional player.

Does Lunawood have an API?

No public API is recorded for Lunawood.

What industry is Lunawood in?

Lunawood's product category is Thermally Modified Wood Building Materials. Its primary akta.pro industry code is IMAMACAI, Engineered Wood Siding, Trim & Mouldings, with a secondary code of IMAMACAM, Wood Treatment & Preservation for Engineered Wood Products. Its NAICS code is 321215 and its SIC code is 2430.

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Live signals
GlobeNewswireA New Hudson Valley Design Landmark with Lunawood Cladding Opens Its Doors—But Only Through MayAmin Tadj Studio has completed the Ohayo Mountain House in Glenford, New York, a sustainable residential project featuring Lunawood thermally modified wood cladding as a central element of its low-carbon design strategy. Located on a 2.15-acre site in the Hudson Valley near Woodstock, the three-bedroom residence is designed to function as both a private retreat and a shared cultural space, serving as the studio's first realized prototype. During its launch phase, the home hosts the "Sense of Place" exhibition in collaboration with local gallery Available Items, which is open to the public through May 2026.GlobeNewswireLunawood and West Coast Sauna Summit Partner to Lead the Future of Wellness Architecture in North AmericaLunawood, a Finnish pioneer of sustainable Thermowood®, has announced a partnership with the West Coast Sauna Summit (WCSS), Canada’s first sauna industry gathering, to promote authentic Finnish sauna culture and sustainable building practices across North America. The partnership launches with a global webinar on November 4, 2025, featuring case studies such as Ærth Saunas in Victoria, BC, which demonstrates urban wellness innovation using Lunawood materials. The North American wellness economy is valued at over $2 trillion, with the sauna market expected to grow to $340.9 million by 2030.GlobeNewswireLunawood LLC Cuts Ribbon on Cleveland, Georgia FacilityLunawood LLC opened its new Cleveland, Georgia facility with a ribbon-cutting ceremony attended by local officials. The plant will thermally modify locally sourced White Ash and Yellow Poplar, marking its expansion into North America. The first kiln load of modified hardwood is ready for planing.PR NewswireModified Wood Market is projected to register a CAGR of 9.5% and reach a valuation of US$ 1.95 Bn by 2031 - Persistence Market ResearchA market research report by Persistence Market Research projects the global modified wood market to grow at a CAGR of 9.5%, reaching US$1.95 billion by 2031, driven by urbanization and rising demand in residential construction applications. Specific corporate actions cited as evidence of market activity include Accent Equity acquiring Lunawood in December 2019 and Accsys Technologies expanding its Accoya wood production capacity in Arnhem, Netherlands in May 2021. Europe accounts for approximately 72% of global market share, with the residential segment expected to hold over 50% of market value.GlobeNewswireMetsä Group’s Wood Products Industry has divested its thermowood businessMetsä Wood divested its thermowood business to Lunawood Ltd, transferring the Kaskinen, Finland facility and all personnel. The two companies signed a multi-year contract for thermowood raw material deliveries. The divestment has no material financial impact on Metsä Group.