Homanit, a manufacturer of MDF and other fiberboard, has selected a site in South Carolina for its first U.S. manufacturing operation. The $250 million investment is expected to create 300 new jobs.

Recipients are eligible for the scholarship for four years, with some granted a fifth year based on their school and finalizing their undergraduate degree or their trade school program.

This market is witnessing robust expansion as remote and hybrid work arrangements become a long-term norm across many industries. Consumers are seeking ergonomically designed furniture that supports extended hours of home-based work. Demand for products such as sit-stand desks, adjustable chairs, and space-saving solutions has risen sharply.

Peak Toolworks announced that it has redesigned its website for both the United States and Canada markets, and these modern new websites will go live on May 22, 2025.

Manfred Bohlke, founder of M. Bohlke Veneer Corp., died May 20 at 83.

The initial launch features four collections, each with its own trend-forward designs that meet parents' unique aesthetics: Kindred Walnut Ash, Kindred Whitewash Ash, Quiet Luxury, and Embraced Forms.

In 2024, the market is valued at $43.1 billion and is projected to reach $69.8 billion by 2031, expanding at a CAGR of 7.1%. This robust growth is fueled by rising disposable income, urban housing trends, and greater emphasis on interior aesthetics.

Lithuania’s newest import to the U.S. is a massive and highly automated US factory set to open later this year.

Business Research Insights projects continued growth for the home organization market, reaching $20.21 billion by 2033.

Genesis Products Inc. recently launched its HPL and Edgeband stocking program as part of an initiative to make "matching materials effortless."