PRODUCT GUIDE

UPCOMING EVENTS

April 25-28, 2017
Woodworking Industry Conference (WIC17)
Omni Rancho Las Palmas Resort
Rancho Mirage (Palm Springs), CA

May 22-26, 2017
LIGNA 2017
Hannover Exhibition Grounds
Hannover, Germany

June 20-21, 2017
WMMA/NAM DC Fly-In
Washington, DC
Contact diane@wmma.org for information

July 19-22, 2017
AWFS Fair
Las Vegas Convention Center
Las Vegas, NV

September 13-15, 2017
WMMA Regional Networking Meeting
DoubleTree by Hilton Charlotte
Charlotte, NC

LATEST NEWS FROM NAM

Monday Economic Report: April 10, 2017
The recent uptick in optimism in the sector has begun to translate into better job growth, especially when contrasted with the employment declines seen as recently as last autumn. See more ...

Global Manufacturing Economic Update — Third Quarter
The third quarter NAM 2016 Manufacturers� Outlook Survey shows manufacturers continue to cope with policy headwinds. Read more ...

INDUSTRY NEWS

Woodworking Network
Flexsteel expects to activate company-wide business software by June 2018
 DUBUQUE, Iowa - Furniture manufacturer Flexsteel Industries, Inc. reported third quarter sales of $120.8 million. Though it reflects a 3.7 percent decline, compared with past year, it is against record sales, and Flexsteel says it is on track to record its second highest annual sales in its history.
 
                               
        2017       2016      

$ Change

    % Change
Residential     $ 102.6     $ 105.8     $   (3.2 )     -3.0 %
Contract       18.2       19.6         (1.4 )     -7.1 %
Total     $ 120.8     $ 125.4     $   (4.6 )     -3.7 %
                               
 
Despite the decline, Flexsteel says demand for furniture in the United States has improved as consumer confidence has stabilized. Net sales for the fourth fiscal quarter are expected to remain steady with the current quarter, which would result in the second highest fiscal year net sales compared to the prior year record. Flexsteel says it continues focusing on streamlining product introductions to increase sales and controlling discretionary spending. (NASDAQ:FLXS)
Through March 31, 2017, invstment in property and plant includes $9.2 million for business information software and development. Flexsteel says it has completed the design phase of the project and has progressed to the first of three development and testing cycles. Following testing, it will enter the training and readiness phase of the project for associates, customers and suppliers. When this phase indicates readiness, the business information system will be implemented. The Company anticipates this work can be completed during the fiscal year ending June 30, 2018.
 
For the remainder of fiscal year 2017, the Company expects to have the following expenditures:
 
  • $3.7 million for capital expenditures and $1.0 million as SG&A expense for upgrading the business information system to better meet market conditions, customer requirements and increase operating efficiency; and
  • $1.0 million in operating capital expenditures.
 
Flexsteel Industries, Inc. was incorporated in 1929 and is one of the oldest and largest manufacturers, importers and marketers of residential and contract upholstered and wooden furniture products in the United States. Product offerings include a wide variety of upholstered and wood furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs and bedroom furniture. Flexsteel products are sold in home, office, hotel, healthcare and other contract applications. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which othe name “Flexsteel” is derived.

Posted: 04/24/2017

Techniks Industries acquires Parlec Tooling Division
INDIANAPOLIS -Techniks Industries, a provider of tooling for the metalworking and woodworking industries,will acquire the tooling division of Parlec, Inc., located in Fairport, NY. Parlec, founded 70 years ago, will retain its Presetter business under the “Omega” brand.
 
Parlec’s portfolio comprises more than 8,000 individual products - 98 percent of them manufactured in the U.S. at its Fairport, New York world headquarters. Parlec has more than 30 patented processes and technologies.
 
Techniks says the acquisition expands its product offerings of aftermarket machine tool accessories and enhances its manufacturing and distribution capabilities to distributors and OEMs in North America. Techniks will continue selling Parlec-branded products and offering manufacturing quality and product development out of its Fairport location for Parlec customers.
 
"I’m excited to see Parlec and Techniks become partners, as we share the vision to become the premier provider of aftermarket tooling solutions through high quality products, engineering and technical expertise, and customer service,” says Mike Nuccitelli, President and CEO of Parlec.
 
Vernon Cameron, who was named President and CEO of Techniks Industries last month, said, “With the addition of Parlec’s complimentary portfolio of innovative products, engineering capability, and unparalleled service, Techniks Industries will continue to provide superior machine tooling products, performance and value for all our customers. We are excited to welcome the Parlec team to Techniks and look forward to the next phase of growth.”
 
Techniks Industries tooling companies brands include Techniks, Inc., NAP Gladu, Riverside Tool, and RKO Saw. Techniks, Inc. is a provider of high-quality toolholding, cutting tools, and magnetic workholding solutions sold through industrial distributors. NAP Gladu is one of North America’s largest manufacturers and service providers of diamond and carbide cutting tools with 13 locations in the United States and Canada. Riverside Tool and RKO Saw are leading manufacturers of PCD and carbide tipped saw blades and cutter heads sold through industrial distributors and OEM relationships. www.techniksindustries.com  
 

Posted: 04/24/2017


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Posted: 04/24/2017


Woodworking Magazine for the Professional Woodworker | Woodshop News
AWFS will showcase school programs

The 2017 AWFS fair will feature the Education Town Hall and Higher Education Learning Pavilion to showcase woodworking education programs.

Posted: 04/19/2017

Stiles holds first of three Manufacturing Solutions Seminars

Stiles Machinery announced the success of this year’s first Manufacturing Solutions Seminar at its showroom in High Point, N.C.

Posted: 04/19/2017


ASSOCIATION NEWS

Current News:

WMMA Baldwin Award
WMMA members agree that the prestigious Baldwin Award is an honor of a lifetime. Named for Ralph B. Baldwin, longtime member, the award will be presented to an individual in the woodworking industry who has exemplified the kind of commitment which makes an association function at, or near, its peak potential and is a contributor to his company’s success and the community of which he/she is a part. Submit your nominations no later than March 11, 2017 for consideration. Click here for more information.

Another Resource for Members of WMMA — Insurance. Click here to learn more about First Insurance Agency, Inc.

Hear what current WMMA members are saying about the valuable benefits and the many rewards of WMMA membership.

ANSI Update

The new ANSI standard O1.1-4 Safety Requirements for Shapers for the Woodworking Industry was published. WMMA members are entitled to receive one complimentary copy per company upon request. Email Jennifer@wmma.org to request a copy. Copies can be purchased from the ANSI e-standard store.

The Cutting Edge, WMMA's monthly e-publication

Click here for the current issue.

Click here for past issues.

Press Releases

January 30, 2017
Dan Bond Selected as the Next Executive Director of WMMA

August 27, 2016
INTERNATIONAL WOODWORKING FAIR Double Digit Growth

August 12, 2016
WMMA Member TR Herzog Named Among Top 40 Under 40 Wood Industry Superstars

July 28, 2016
WMMA Announces First Regional Meeting

May 9, 2016
2016 Board of Directors Announced

Press Release Archive

Member News

Click here to read news about our members.