COLOMBIA – In 2019 Colombia exported wooden furniture for USD 36.97 million, which translates to a growth of 7.3 percent compared to the previous year, when exports of wooden furniture reached USD 34.4 million.
Movelsul Brasil will feature a new “Corporate Meetings” area
BRAZIL – The great new feature for Movelsul Brasil 2020 will be an entire pavilion redesigned for great business: a space for Corporate products, Technoretail, Design and Decor.
Sales up 5% for Nobia in 2019
SWEDEN – Nobia Group, one of the largest global kitchen furniture manufacturer, closed its 2019 balance sheet at a good level.
Häcker Küchen with sales of 616 million euros in 2019
GERMANY – With sales of 616 million euros, Häcker Küchen achieved a growth of 2.3 percent in the 2019 financial year (2018: 602 million euros). This excellent result reflects the continuation of the positive trend the recent years.
Bestar acquired its competitor Bush Industries
CANADA – Novacap, one of Canada’s leading private equity firms, announce that Bestar, one of its portfolio companies and a manufacturer of ready-to-assemble (RTA) furniture, has acquired Bush Industries, a leading American manufacturer of case goods and RTA furniture for the office and home.
Chinese leaders in furniture manufacturing invest in Mexico
CHINA – In Hangzhou City, capital of Zhejiang Province, three Chinese companies announced new investment projects in the state of Nuevo León in Mexico that will surpass USD160 million and create more than 1,850 new jobs.
Knoll announces closure of Grand Rapids manufacturing facility
U.S. – Workplace and home furniture manufacturer Knoll, Inc. announced on January 16 that it will consolidate its manufacturing footprint in North America, resulting in the closure of the Company’s Grand Rapids, Michigan manufacturing facility.
Chilean manufacturer La Alpina to implement Threespine® click furniture technology
CHILE – Chilean furniture producer La Alpina has signed a license agreement with Välinge for the use of Threespine® click furniture technology.
Novacap acquires majority interest in Foliot Furniture
CANADA – Novacap, one of Canada’s leading private equity firms and Foliot Furniture, a leader in the design and manufacture of quality furnishings for the hospitality and educational housing sectors, announced their partnership.
Ashley Furniture initiates major expansion in Mississippi
USA – Ashley Furniture Industries, Inc., one of the largest manufacturer of home furnishings in the world, initiated on December 6 the expansion of the Ecru, Mississippi manufacturing and distribution facility.
Already 25% more exhibiting companies are confirmed for Orgatec 2020
GERMANY – Orgatec, the world’s leading trade fair for workplace furniture to be held from October 27-31 in Cologne is continuing its impressive growth of 2018.
Nobia to invest USD 200 million in highly automated kitchen production plant
SWEDEN – Nobia’s Board of Directors has made a directional decision to invest in a new production plant in Jönköping, Sweden, to replace Nobia’s existing factory in Tidaholm in 2024.