Ethan Allen’s manufacturing plant in Orleans, Vermont, resumes operations and continues to make progress following July 2023 flooding.
Furniture
Kronospan's extensive range is presented over two floors, with a total area of 1,278 sq.m.
The 127,000 sq. ft. millwork facility is scheduled to be complete in the Q4 2023 and is expected to begin production shortly after the first of the year.
Sales of paper (-4.6%) and plastics and rubber (-3.4%) products decreased the most.
The August advance is the largest increase in final demand prices since moving up 0.9% in June 2022. On an unadjusted basis, the index for final demand rose 1.6% for the 12 months ended in August.
U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in the Q2 2023. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.4%.
Hjalmarsson will remain in his role as President and CEO during a transition period until latest 28 February 2024.
Exports of wood furniture from China added 0.2%.
Boise Cascade has reached an agreement to purchase Brockway-Smith Company (BROSCO), a leading wholesale distributor specializing in doors and millwork.
Jeld-Wen Holding, Inc. has appointed Michael F. Hilton to its Board of Directors, effective August 3, 2023. His appointment expands the company's Board to 10 members, eight of whom are independent.
Net income was $22.5 million in the Q2, compared to net income of $35.0 million in the same period last year, a decrease of $12.5 million.
Exports of wood furniture from Brazil contracted 8%.
Shipments, up two consecutive months, increased $0.7 billion, or 0.1% to $573.9 billion. This followed a 0.4% May increase.
Henrik Skogsfors has been appointed Nobia's CFO as of July 20.
Founded in 1984, Hedlunda includes the subsidiaries Hedlunda Industri in Lycksele and Bampton in Skoczów, Poland. Company employs approximately 400 people.
Exports of wood furniture from China slipped 5%.
OJC claimed that Maersk violated their contract and, when confronted, cut off their business relationship, forcing OJC to rely on the costly spot market.
The reduced import prices from China may alleviate inflationary pressures in importing nations, offering some respite for economies grappling with elevated inflation rates.
The United States maintained its position as China's largest importer of wood furniture, accounting for 31% of the country's total wood furniture exports.
Exports of bedroom furniture contracted while exports of kitchen furniture demonstrated growth.