USA – Steelcase has once again secured its position among the globe’s most respected brands on the Fortune 2024 World’s Most Admired Companies list, marking its 18th consecutive year.

SWEDEN – Nobia has agreed to sell its under-construction kitchen factory property in Jönköping, Sweden, to Hines, a global real estate firm, for SEK 1,350 million (USD 129 million).

MEXICO – Kuka Home Mexico, a leading Chinese company in the production of high-end upholstered furniture, has officially expanded its plant located in Interpuerto Monterrey, Nuevo León.

USA – For the 19th consecutive year, Sauder Woodworking Co. has been honored with the Center of Excellence recognition for its customer support contact center.

USA – The Distinguished Service Award, the highest honor from the American Home Furnishings Alliance (AHFA), was recently presented to Kevin J. Sauder, the President and CEO of Sauder Woodworking in Ohio.

POLAND – The board of directors of the polish furniture manufacturer Forte SA made the decision to restructure the workforce to align with the current demand situation, which entails a reduction of approximately 10% in the workforce. The company will initiate discussions with labor unions to facilitate this process.

Nobia Sales Down 18% in 3Q-202

SWEDEN – Nobia, one of the largest kitchen furniture manufacturers in Europe, is experiencing the impact of the current market dynamics. Notably, both private customer business and project business witnessed a decline in the third quarter.

SERBIA – The interest in Välinge Innovation’s revolutionary Threespine click furniture technology continues its global growth. The latest addition to their base of licensees is the well-respected Serbian furniture manufacturer, Lamex d.o.o.

GERMANY – In spite of the current challenging market conditions, Nolte Küchen, one of the largest kitchen furniture manufacturers in Germany, is committed to its investment plans.

UNITED KINGDOM – Nobia has confirmed the completion of the sale of its freehold manufacturing property located in Dewsbury, United Kingdom.

INDIA – Haworth, a US-based global furniture manufacturer with a revenue of USD 2.5 billion, is set to expand and fortify its presence in India to tap into the rapidly growing domestic market.

USA  – MasterBrand, Inc., the biggest residential cabinet manufacturer in North America, has earned recognition as one of America’s Safest Companies by EHS Today, the foremost publication for safety professionals in the United States.