Steelcase to add 400 workers, 600,000-sq-ft of production space

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Thursday, 6 June 2019

CARROLLTON, Texas – Office furniture giant Steelcase, number 2 on the FDMC 300 list of largest wood firms in North America, will hire nearly 400 seasonal workers for new operations in Texas.

Steelcase is hoping to grow its footprint in Northern Texas and has purchased two industrial buildings in the area – adding more than 600,000 square feet of production space. The company will use the buildings for manufacturing and distributing beginning this summer.

Read full article here: (WOODWORKINGNETWORK)

Martela Corporation starts eur 4 million cost efficiency program

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Monday, 3 June, 2019

Martela continues the cost efficiency improvements started in 2018 in order to improve its profitability. Target for the cost efficiency program is to reach EUR 4 million annual savings. Purpose of the planned actions is to align company’s cost base to meet current market conditions and to secure set profitability targets. In addition to decrease fixed costs, company is also investigating other alternatives to change cost base to be more flexible. Planned savings will start to materialize gradually from the beginning of 2020 and will have full impact by the first quarter of 2021.

Read full article here: (YAHOO! FINANCE)

Sale of Lista Office Group to Henglin

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Monday, 3 June, 2019

Lista Office Group (LO) with production facilities in Degersheim (SG) and Arnegg (SG,) and sales
offices and logistics hubs in various locations throughout Switzerland, was recently sold to the
Chinese furniture manufacturer Henglin. The sale forms part of the eastern Swiss group’s targeted strategy for internationalisation and growth.

Read full article here: (LISTA-OFFICE)