IKEA founder Ingvar Kamprad has resigned from all official duties relating to the RTA furniture manufacturer and retail giant, including the company's board.
Woodworking operations are cutting much more than solid wood and wood-based panels, and changes in tool composition and geometry reflect this. A tool bit report was among the wood industry's most viewed stories this week.
IKEA plans to build a furniture factory in Russia, alongside the particleboard plant it purchased from Pfleiderer in 2013. The furniture giant said the new factory will create approximately 250 jobs.
IKEA's Swedwood Karelia forestry operation has regained its Forest Stewardship Council (FSC) certificate of sustainability. The Rainforest Alliance said it lifted the suspension March 10 following an independent appeals committee evaluation of the annual audit.
IKEA U.S. sales rose 6.7% for the year ending August 31, 2013. Globally net income rose 3.1% to $4.2 billion. IKEA will open more U.S. stores, expand delivery and installations services. Online sales in the U.S rose 65%.
IKEA sales for 2013 rose 6.7% in the U.S. Around the world net income rose 3.1% to $4.2 billion. Good Year For The IKEA Group Consumer Spending Is Recovering In Many Markets
IKEA USA aims to be energy independent by 2020, and the home furnishings giant is well on its way with solar panels on nearly 90 percent of all of U.S. locations.
Furniture maker Nova LifeStyle, Inc., based in Commerce, announced today that its highly adaptable custom designed lifestyle furnishings line was successfully staged in the first of a two hundred villa project being developed in Chong Qing , China by the Jinyu Group.