Press Glass to Build Second U.S. Facility

Friday, October 19, 2018

Stoneville, NC –

Press Glass Inc. will build a second plant in the United States, to be located in Henry County, Virginia. The 280,000-square-foot plant will be built in Commonwealth Crossing Business Center, with construction to commence towards the end of 2018, becoming operational in 2019, according to the company

Press Glass Inc.’s second location will be situate... Read more

Hardwood lumberers concerned over proposed Chinese tariffs

Wednesday, October 17, 2018

Memphis, TN –

The National Hardwood Lumber Association (NHLA) expressed concern over the Trump Administration's recently proposed tariffs in an email to its members.

 

"You may already be aware of reports that the Chinese government is planning on applying tariffs to a list of U.S. imports should the Trump Administration follow through with its latest trade th... Read more

Chinese demand fuels Japan's wood exports as they reach 40-year high

Monday, October 15, 2018

Tokyo, Japan –

Robust demand from other Asian countries, like China, South Korea, and the Philippines, has been a boom for Japan's wood exports.

 

Japan's wood exports reached 32.6 billion yen in 2017 ($293 million), up 37 percent from 2016 and the highest in 40 years, according to Nikkei Asian Review (NAR).

 

"The Chinese market needs hig... Read more

Online furniture sales to reach $294 billion by 2022

Friday, October 12, 2018

Washington D. C. –

According to Statista, a digital research firm, revenue from online sales of furniture and homewares is nearly $190 billion worldwide and is expected to grow 11.9 percent per year, reaching $294 billion by 2022.

 

The United States and China currently top the charts in online sales of furniture and homewares with $65.1 billion and $68.6 bill... Read more

Uniboard increases panel capacity at Quebec plant

Wednesday, October 10, 2018

Laval, Quebec –

Following completion of a $53 million investment in its Val-d'Or operation in 2017, Uniboard announces an additional $38.5 million investment for Val-d'Or. This is the second phase of a major upgrade project for the particleboard and thermally fused laminate facility in Val-d'Or.

 

This new round of modernization will focus on screening, siftin... Read more

Millwork shop, WMIA plan event to attract students to industry

Monday, October 8, 2018

Cumberland, RI -

Equipment manufacturers are being encouraged to be part of an event designed to inspire the next generation of woodworkers and machinery technicians. The CTE Manufacturing Days open house event at Herrick & White in Cumberland, Rhode Island, will be held on November 5 from 8 a.m. to 1 p.m.

The WMIA has organized this inaugural opportunity to enable their mem... Read more

Arson ravages Washington Furniture plant; quick rebuild planned

Saturday, October 6, 2018

Pontotoc, MS -

Firefighters battled a blaze at Washingon Furniture's Mississippi plant Wednesday morning, which has been ruled arson by local police.
 
The fire, which was extinguished and then re-ignited after firefighters stirred up burning embers, damaged 350,000 square feet of production space at the plant and destroyed a finished goods warehouse.Read more

Tax credits fund massive $200 million Swiss Krono expansion in S.C.

Thursday, October 4, 2018

Barnwell, SC -

More than $45 million in tax credits, allocated by the National New Markets Fund, The Innovative Fund, Dakotas America, and SunTrust Community Capital, will go toward funding a 250,000-square-foot, $200 million expansion of Swiss Krono's plant in Barnwell, South Carolina. Swiss Krono is one of the world's leading producers of engineered wood.
 
<... Read more

Online furniture sales to reach $294 billion by 2022

Tuesday, October 2, 2018

Charlotte, NC -

According to Statista, a digital research firm, revenue from online sales of furniture and homewares is nearly $190 billion worldwide and is expected to grow 11.9 percent per year, reaching $294 billion by 2022.

 

The United States and China currently top the charts in online sales of furniture and homewares with $65.1 billion and $68.6 billion respe... Read more

PGT Innovations to Acquire Western Window Systems

Sunday, September 30, 2018

Phoenix, AZ –

PGT Innovations and Western Window Systems have entered into a definitive agreement under which PGT Innovations will acquire Western Window Systems from PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners, for $360 million in cash, subject to customary adjustments. The transaction is expected to be completed in the third quarter of ... Read more

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