Shaw Industries Group Inc. will expand its reach into the hard surface flooring market with the purchase of USFloors. Terms of the agreement were not disclosed. The deal is expected to close in the fourth quarter.
After a successful showing at IWF in Atlanta, Valinge Innovation AB launched its Threespine click furniture technology on the Asian market during the China International Furniture Expo (Furniture China) in Shanghai.
The global market for plywood is projected to reach 223.4 million cubic meters by 2022, driven by recovering construction activity in most countries worldwide; rise in high value, high rise constructions; growing preference for plywood in interior design especially of floors, ceilings, and walls; and a healthy furniture industry, according to Plywood - Global Strategic Business Report 2016.
Wood has a largely favorable environmental effect, says a study of Switzerland's National Research Programme. "Resource Wood" recommends using wood more widely as a source of energy and as a building material.