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Woodworking Industry News

EGGER Group achieves mixed financial results, but sees stable development

The EGGER Group is closing its 2022-23 financial year in an extremely volatile environment, and in this environment, company officials said it will finish its fiscal year with mixed results due to inflation and the global economy.
By Larry Adams, August 10, 2023 | 12:00 pm CDT

Woodworking Industry News

Lab furniture maker expands operations in Texas

OnePointe has seen more than a 115% increase in sales and a substantial increase in its workforce.
By Larry Adams, August 10, 2023 | 11:54 am CDT

Furniture

$8M in furniture donated to help elevate nonprofits

Since 2018, Vari, a workspace innovation company, has donated $8 million worth of furniture to U.S. nonprofit organizations.
By Larry Adams, August 10, 2023 | 11:39 am CDT

Canadian News

Walker Edison twin over twin bunk beds recalled

Health Canada has issued a recall notice for twin over twin bunk beds manufactured by Walker Edison Furniture Company, due to potential fall and impact hazards.
By Larry Adams, August 10, 2023 | 11:30 am CDT
Sold_Sign_145.jpeg

Woodworking Industry News

NAR: Almost 60% of metro areas posted home price gains

Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according to the National Association of Realtors’ latest quarterly report.
By Larry Adams, August 10, 2023 | 11:14 am CDT
Genesis Products-WOOD 100: Strategies for Success

WOOD 100

Are you a WOOD 100 manufacturer?

Share your tips and best practices in the 34th annual WOOD 100: Strategies for Success. Deadline for submissions is Aug. 31.
By Karen M. Koenig, August 10, 2023 | 9:43 am CDT
Courtroom gavel

FDMC 300

Federal agency sues millwork and cabinet company for retaliation

EEOC charges that Third Bench Holdings and Sher-Wood Cabinetry retaliated against three employees after the employees made discrimination claims.
By Larry Adams, August 10, 2023 | 5:26 am CDT
Associated Hardwoods lumber stacks

Woodworking Industry News

Woodworking machinery market size on rise

Market is projected to reach $6.80 billion by 2030 due to increased adoption of automated machines.
By Kaylee Sugimoto, August 9, 2023 | 4:08 pm CDT

Woodworking Industry News

United Furniture workers fighting for their rights

The properties have been sold; fourteen plants in three states. Eventually, they will be repurposed, but even as they move on, the 2,700 men and women who worked for United Furniture still wait to learn if they will receive their back pay and sixty days of salary that they believe is owed to them.
By Larry Adams, August 9, 2023 | 1:09 pm CDT

FDMC 300

Fargo company, Solid Comfort, closes doors and is liquidating its assets

Solid Comfort, an FDMC 300 firm, has closed its doors and is selling its manufacturing plant and auctioning its equipment.
By Larry Adams, August 9, 2023 | 12:16 pm CDT

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