Custom Cupboard will debut a new digitally imaged cabinetry. And Masonite doors moved closer to a public offering. These were among the week's 10 most-viewed reports.
Paul Sova, president of Showplace Wood Products, was elected president of the Kitchen Cabinet Manufacturers Association. Sova says KCMA will reset its goals. "We have a good story to tell; we are on the way back and on the rebound.”
Merillat and KraftMaid cabinets helped Masco grab headlines with a 13% share price spike, nudging the Dow to a new high. The housing recovery is boosting wood products firms and related suppliers' earnings.
Cabinetry giant Masco Corp. is predicting "strong growth in 2013" resulting from new home construction. It will sell its $250 million Danish ready-to-assemble cabinet business.
Most viewed this week: Cabinetry sales of $4.7 billion for 2012, were up 7.3% versus 2011, says KCMA. Sales for December 2012 jumped 15.2%. Topping that was a woodworking robot and a carpenter's claim to the throne of Richard III.
Cabinetry manufacturers reported sales of $4.7 billion for 2012, up 7.3 percent compared to 2011, reports the Kitchen Cabinet Manufacturers Association. Sales for December 2012 jumped 15.2 percent.
After closing 2012 on a positive note for the first time in six years, expectations for 2013 cabinet sales are upbeat as the economy continues to improve.
Smart Cabinetry has announced plans to expand its cabinet manufacturing operations, creating up to 75 more jobs in the New Paris, IN, area by 2016. The company currently has more than 100 employees.