Furniture

Palmberg invests almost €15m in 2019 financial year

20.01.2020 − Palmberg Büroeinrichtungen+Service made investments to the value of €14.6m in the 2019 financial year, representing an increase of one third on the previous year.» more

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VDM expects 1% turnover increase in 2020

16.01.2020 − The Association of the German furniture industry (VDM) expects 2020 sector turnover to improve by around 1% compared to the preceding year. » more

EFIC calls for harmonised standards and free trade

19.12.2019 − The European Furniture Industries Confederation (EFIC) released a manifesto containing a variety of calls for action by EU decision-makers in November. » more

Ingka Group improves net profit to €1.817bn

16.12.2019 − In the 2018/2019 financial year (31 August), the Ingka Group increased its net profit by 23.8% to €1.817bn. » more

Furniture industry turnover almost at last year’s level

09.12.2019 − Compared to 2018, September has been the second-best month for the German furniture industry over the course of the year so far - following the best month of May. » more

Forte postpones plans for new plant in Suwalki

04.12.2019 − Fabryki Mebli Forte has postponed construction of a further cabinet furniture plant in Suwalki for an indefinite period. » more

acpi to buy Masco’s kitchen furniture operations

02.12.2019 − ACProducts (‘acpi’), controlled by American Industrial Partners (AIP), has been given the green light to acquire the Cabinetry Products division from Masco.» more

Further turnover decline for Belgian furniture industry

21.11.2019 − Negative developments experienced consistently by the Belgian furniture industry since 2017 also continued in the first half year.» more

Forte: increase in results despite particleboard losses

18.11.2019 − According to preliminary information, in the third quarter Fabryki Mebli Forte generated turnover of PLN264m and thus surpassed last year’s figure by 3.1%.» more

Leicht Küchen to commission plant in September 2020

13.11.2019 − Leicht Küchen is expected to officially commission its new assembly plant at Gügling industrial park in Schwäbisch Gmünd in September 2020. » more

Poland: kitchen production increases in third quarter

06.11.2019 − In the third quarter Polish production of kitchen furniture made of wood increased by 1% vis à vis last year to 1.149m units.» more

Kitchen furniture turnover down 2.2% in August

31.10.2019 − In August the German kitchen furniture industry recorded a turnover decline of 2.2% to €320.0m compared to the corresponding month in the preceding year.» more

Construction for kitchen furniture plants progressing well

23.10.2019 − Two of the three major investment projects, which were defined in 2018 and are aimed at expanding capacity in the German kitchen furniture industry, are already underway. » more

Incoming orders in kitchen industry rise in first 7 months

18.10.2019 − In July incoming orders of the German kitchen furniture industry increased significantly.» more

Furniture industry turnover approaches last year’s level

17.10.2019 − With the increase achieved in July, cumulative turnover of the German furniture industry over the first seven months of the year again approached the previous year’s level.» more

DoC sets dumping margins for imports from China

17.10.2019 − In connection with the AD/CVD proceedings concerning the import of kitchen furniture and furniture parts from China the US Department of Commerce (DoC) has meanwhile also determined provisional dumping margins.» more

Takeover solution emerging for Black Red White

11.10.2019 − A takeover solution is emerging for Black Red White. According to as yet unconfirmed information, a Polish consortium headed by Dariusz Formela wants to take over the furniture producer and dealer.» more

Further growth in Ikea’s retail turnover in 2018/2019

10.10.2019 − According to provisional information, sales revenue generated by the Ingka group’s retail trade pooled in the Ikea Retail division increased to 36.7bn € in its business year 2018/2019 (31 August).» more

US furniture industry also records declines in June

08.10.2019 − In June US furniture manufacturers in the residential sector were again unable to stop the negative development in incoming orders and turnover, which has been ongoing since February.» more

Shell construction of new Nobilia plant III complete

07.10.2019 − Shell construction of the new plant III of Nobilia in Gütersloh-Spexard has meanwhile been largely completed. » more

Ashley enters RTA business with Homestar plant

03.10.2019 − In mid-September Ashley Furniture took over Homestar North America, which focuses on production of ready-to-assemble furniture (RTA), and has therefore entered in RTA business.» more

VdDK expects 2% turnover increase in 2019

26.09.2019 − In spite of the weakening economic development, the Federation of the German Kitchen Furniture industry (VdDK) considers it possible to achieve a turnover increase of some 2% over the entire period of 2019.» more

Double-digit turnover decline in furniture industry

19.09.2019 − In June the lower number of working days by comparison with last year led to a double-digit turnover decline in the German furniture industry. » more

Several investors bid for Masco kitchen furniture activities

18.09.2019 − Private equity companies involved in the bidding process for the cabinetry products business division of Masco include AIP, Bain Capital, Clearlake Capital Group and WW Grainger.» more

Kitchen industry delivers small growth in first-half ordering

16.09.2019 − The internal order panel of the German kitchen furniture industry association (VdDK) reveals a minor improvement in the number and value of incoming orders during the first six months of this year.» more

Neue Alno pools component manufacturing

12.09.2019 − Neue Alno has founded its own subsidiary to make components - BBT Bodensee Bauteile. » more

Steinhoff has increased sales by 4 % to € 10.1 billion

02.09.2019 − According to a trading update for the first nine months of the fiscal year 2018/2019, Steinhoff International Holdings increased its total sales to € 10.113 billion. » more

Surplex auctions equipment of insolvent Wellemöbel

15.08.2019 − Until 26 August online auctioneer Surplex is auctioning the machinery and inventory of insolvent furniture manufacturer Wellemöbel, which is part of the Welle group of companies.» more

HNI: further drop in office furniture turnover

12.08.2019 − In the second quarter turnover in the office furniture business division of US office furniture manufacturer HNI Corp. decreased by 3.4% to US$409.5m.» more

Howdens increases turnover by 5.4% in first half year

08.08.2019 − In the first 24 weeks of the 2019 financial year Howden Joinery Group (Howdens) increased turnover by 5.4% to £652.6m compared to the corresponding period in the preceding year. » more