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Woodworking Industry News

Furniture Factory Owner Faces Arson Charges

PROVIDENCE, RI – The owner of a furniture factory in Olneyville, RI, has been charged with first-degree arson in an alleged unsuccessful attempt to destroy the building. According to The Providence Journal, Markus Gorkin, owner of United Industries, tried to destroy the factory on Dec. 26 using what investigators called elaborate incendiary devices triggered by timers. The factory was reportedly insured for $4 million.

Woodworking Industry News

U.S. Office Furniture Orders Up 2%

GRAND RAPIDS, MI –The Business and Institutional Furniture Manufacturers Assn. said December orders grew two percent year-over-year to $875 million, a three percent drop from November, according to Reuters. This continues a trend toward slower growth for office furniture orders, an analyst said. The growth of shipments also slowed, increasing only five percent to $1.01 billion compared to 8 percent growth in November.

Woodworking Industry News

MDF Shipments Reach New High in 2006

WASHINGTON – According to the Composite Panel Assn., producers of MDF in North America reported record shipments in 2006 of more than 2.6 billion square feet of MDF panels (3/4 in. basis). The total increased 7 percent from the previous high of 2.4 billion square feet set in 2004.

Woodworking Industry News

Investor Backs Out of G-P Mill Deal

GAYLORD, MI – A company that planned to purchase a former Georgia-Pacific particleboard mill to make wood pellets to export to Europe has backed out of the deal. According to the <I>Record Eagle,<I>principals of Upper 40 could not be reached for comment and G-P representatives decline to say why the deal died.