Design and styling experts from AkzoNobel’s Wood Coatings business added a new dimension to their trends in wood finishes showcase at the Spring 2016 High Point International Furniture Market in April.
Cutting tool supplier The Simonds Group has received $32 million in new financing from Citizens Commercial Banking. The Fitchburg, Massachusetts-based Simonds will use the funds to refinance debt and provide working capital for continuing operations.
Residential furniture orders fell slightly in February, down 1 percent compared to the year prior, according to the latest Furniture Insights survey of residential furniture manufacturers and distributors from Smith Leonard. According to the High Point, North Carolina-based consulting group, this was the first time since 2014 that new orders dropped from the previous year, and the second time since March 2013.
High gross sales, employment, and capital expenditures are indicators of the current strength of the contract and office furniture industry, according to the recent Michael A. Dunlap & Associates quarterly MADA / OFI Trends Survey.
A Hangzhou, China-based ready-to-assemble office furniture firm increased its Florida warehouse and shipping center from 60,000 to 90,000 square feet as it relocates to bigger quarters in Pembroke Park, Florida. E-commerce fulfillment and custom support for assembly are buttressing RTA Products' growth.