Furniture

USA: Turnover in kitchen and bathroom furniture up 7.3%

21.02.2013 − The US kitchen and bathroom furniture industry achieved growth in turnover of 7.3% to US$4.7bn last year. » more

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Forte expects growth in Poland and Germany

21.02.2013 − It is possible that the dividends which Fabryki Mebli Forte, a Polish manufacturer of cabinet furniture, pays to its shareholders for 2012 could be higher than the PLN0.75 per share paid out in 2011. » more

Nobia: Write-offs lead to losses in the millions

18.02.2013 − The Swedish kitchen company Nobia suffered another 6 % drop in revenues to SEK12.343bn in 2012. » more

Masco group putting Tvilum up for sale

14.02.2013 − The US consumer goods group Masco decided in early February 2013 to put its Danish subsidiary Tvilum up for sale. » more

Nobia: Positive profit warning and write-off for Hygena

30.01.2013 − In the fourth quarter of 2012, Nobia generated an operating profit of SKR195m after adjustment for extraordinary items. The group reports that expectations were therefore considerably exceeded, with all regions» more

Ikea generates net profit of €3.202bn

28.01.2013 − The Ikea group increased retail turnover in the 2011/2012 financial year by 9.5% to €27.628bn.» more

VDM assumes turnover for 2013 to be no more than stable

16.01.2013 − The Association of the German Furniture Industry (VDM) predicts turnover in the furniture industry to remain stable at last year‘s level for 2013.» more

Brazil: Deterioration in development at Unicasa

10.01.2013 − Since April 2012 at Brazilian cabinet furniture manufacturer Unicasa Indústria de Móveis the decline in turnover which already began in the second quarter of 2012 has further increased in the third quarter.» more

Forte has improved results in third quarter of 2012

13.12.2012 − Turnover development slackened off again in the third quarter for Polish cabinet furniture manufacturer Fabryki Mebli Forte. » more

IMA lands order worth €11m from Leicht Küchen

05.12.2012 − The German kitchen furniture manufacturer Leicht Küchen placed plant orders worth a total of €11m with the machinery producer IMA at the beginning of November. » more

Blum invests €26.8m in expansion of Dornbirn facilities

23.11.2012 − An investment volume of €26.8m has been estimated for the expansion of plant 7 of Julius Blum at the location of Dornbirn-Wallenmahd. » more

Interlübke files application for opening of insolvency

02.11.2012 − On 22 October manufacturer of high-quality household and bedroom furniture Interlübke, filed an application for the opening of insolvency proceedings at the district court of Bielefeld. » more

Armstrong to withdraw from furniture business

11.10.2012 − USA-based flooring group Armstrong is selling its kitchen and bathroom furniture activities, which are consolidated in the cabinets business division, to American Industrial Partners for a price of US$27m.» more

Turnover in the furniture industry stagnates in July

05.10.2012 − In spite of an extra working day compared to last year, turnover generated by German furniture manufacturers in July 2012 showed year-on-year growth of only 0.4% to €1.365bn.» more

ZOW Moscow increases exhibition area by another hall

21.09.2012 − The ninth edition of the ZOW Moscow supplier fair, which will be held together with the Mebel furniture fair from 19-23 November at the Moscow Expocentre, will have more exhibition space at its disposal. » more

US furniture industry will probably not match pre-crisis level any time soon

17.09.2012 − As reported by various fittings, foils and machinery suppliers represented at the International Woodworking Fair (IWF) which was held from 22 to 25 August in Atlanta the recovery from the collapses of recent » more

German VDM sticking to its forecast of 3% growth

06.09.2012 − The German Furniture Industry Federation is still working from the assumption that furniture manufacturers can achieve the growth of 3% in sales forecasted at the beginning of 2012 for the year as a whole.» more

SdK: Alno has no operational restructuring concept

16.08.2012 − SdK which, by its own account, represents the interests of small investors has spoken out against the financing and capitalisation concept presented on 11 July 2012, » more

Nobia: Further decline in turnover in second quarter

09.08.2012 − In the second quarter of 2012 the Nobia group was confronted by a further decline in turnover by 3% to SEK3.449bn after turnover had already deteriorated by 9% in the first quarter of the year. » more

Blum to expand Works 7 in Dornbirn from November

26.07.2012 − In November 2012, the Austrian manufacturer of function fittings Julius Blum will start the extension of » more

Alno executive board further defines rescue concept

25.07.2012 − The board of the Alno concern submitted a report in which the measures for the rescue and capitalisation concept decided on 11 July are explained in detail.» more

Nobilia switches to new drawer system in August

20.07.2012 − The kitchen-furniture manufacturer Nobilia will from 2012 equip all kitchens with the new drawer system „Profi+“ as standard. » more

Alno group plans capital reduction as part of financial restructuring

19.07.2012 − As part of its financial restructuring process, Alno is planning a capital reduction, which is to follow the capital increase already planned at an earlier date. » more