Woodworking Industry News

Woodworking Industry News

Coveright Surfaces Announces Price Increases

COBOURG, ON – Coveright Surfaces North America announced price increases of 3% to 5% on all shipments of saturated paper sold to North American laminators of thermally fused melamine, effective Jan. 1. The company said the increases reflect the “significant impact of raw material, energy and freight cost increases.”

Woodworking Industry News

Steelcase Says Q3 Net Income Up

GRAND RAPIDS, MI – Steelcase Inc., a manufacturer of office furniture, reported revenue totaling $802.0 million for its third quarter of fiscal 2007, with net income totaling $32.8 million. Revenue was up 6.8 percent versus $750.7 million in the same quarter of the previous year. This is due to strong growth of 19.2 percent in the international segment. Compared to the previous year, third quarter revenue included $9.9 million from currency translation and $9.8 million from acquisitions.

Woodworking Industry News

Lowe's Names New President/COO

MOORESVILLE, NC -- Lowe's Companies Inc., a home improvement retailer, announced Dec. 15 the promotion of Larry D. Stone to president and chief operating officer, effective immediately, according to PRNewswire.

Woodworking Industry News

ATC Panels Adding New Laminate Flooring Facility

MONCURE, NC – ATC Panels, which manufacturers and sells particleboard, low density fiberboard, medium density fiberboard, high density fiberboard and more, in association with its joint venture partner Tarkett Inc., recently began construction on a new $50 million, state-of-the-art laminate flooring facility located next to the existing HDF plant in Clarion, PA.

Woodworking Industry News

Herman Miller Announces 2Q Results

ZEELAND, MI – Office furniture manufacturer Herman Miller announced the results of its second quarter, which ended December 2. Both a sound sales growth and better financial leverage drove the highest quarterly earnings per share recorded by the company. Sales for the quarter were up 13.9 percent and orders increased 22.1 percent from the same period last year.

Woodworking Industry News

Dynabrade Enhances Product Search Feature on Web Site

CLARENCE, NJ - Dynabrade’s Web site – www.dynabrade.com - has been redesigned to provide easy access to product and technical information on the company’s entire line of power tools, accessories and services. Visitors can view the entire general product line catalog or search for a specific tool. A distributor locator also is included.