U.S. – According to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business Survey, participating cabinet manufacturers reported a significant decrease in consolidated cabinet sales of 22% for April 2020 compared to the same month in 2019.
New September date for Movelsul Brazil 2020
BRAZIL – Postponed in March due to the worldwide advance of Covid-19, a new date has been announced for Movelsul Brazil, the largest furniture fair in Latin America for retailers and importers: September 14 to 17, in Bento Gonçalves (RS).
The new certificate “Furniture Made in Germany” is launched
GERMANY – On June 1st, the Association of the German Furniture Industry (VDM) launched the new certificate of origin “Furniture Made in Germany”.
American Woodmark has to close Mexican plants
USA – American Woodmark Corporation, a leading supplier of cabinetry to the new construction and remodeling industries, announced today that operations at its component plants in Mexico have been suspended through April 30, 2020.
Poggenpohl initiates insolvency proceedings
GERMANY – The kitchen furniture manufacturer Poggenpohl Möbelwerke GmbH, which has belonged to the Adcuram Group since the end of January 2017, applied to the district court in Bielefeld for the opening of insolvency proceedings on April 24.
Unicasa Móveis partially resumes operations
BRAZIL – Unicasa Indústria de Móveis S.A., one of Brazil’s leading manufactures of customized furniture and the only publicly held Brazilian company in the sector resumed on-site operations on April 13, 2020, following the asepsis guidelines of the Ministry of Health.
Herman Miller makes adjustments in response to impact of COVID-19
U.S. – Herman Miller, the global designer and furniture manufacturer, announced a set of actions throughout its global operations in response to the uncertain economic outlook resulting from the COVID-19 pandemic.
Steelcase commits to Supply Critical Medical Equipment
U.S. – Steelcase, a leading global office and institutional furniture manufacturer, announced it has already started and continues to manufacture and deploy critical equipment supplies for healthcare providers on the frontlines of the battle against the COVID-19 global pandemic.
Colombian furniture exports down 31.6% in first two months of 2020
COLOMBIA – In the first two months of 2020 Colombia exported wooden furniture for USD 5.0 million, a decrease of 31.6 percent compared to the same period previous year when exports of wooden furniture reached USD 7.3 million.
Brazil’s furniture industry resumes activities
BRAZIL – The industries of Bento Gonçalves, Brazil resume their activities this Monday, April 6th, authorized by Municipal Decree number 10.494, published last Sunday.
Nobia withdraws dividend proposal and temporarily lays off 3,000 employees
SWEDEN – The Board of Directors of Nobia AB, a global leader in the kitchen furniture industry, has decided to withdraw previously communicated proposal for a dividend of SEK 4.00 per share, in total approximately SEK 675 million (EUR 61 million).
Steelcase sells PolyVision Corporation
USA – Steelcase Inc., the largest global manufacturer of office furniture, announced it has sold all of the issued and outstanding capital stock of PolyVision Corporation to an affiliate of Industrial Opportunity Partners.