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Ikea Opens Factory in China

Sweden-based home furnishing giant IKEA Group opened its first wholly owned manufacturing facility in China on Wednesday, through subsidiary IKEA Industry Group, in a bid to support its rapid expansion in Asia - especially China.

The factory, which will make wooden products, is in Nantong, Jiangsu province, a manufacturing hub for home furnishings and interior decoration material. The factory will supply IKEA stores, mainly in China.

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Source: China Daily

Chinese Consumers: One Life to Live

For Wei Yongshi, the Sichuan earthquake of 2008 was a wakeup call. 

The disaster killed more than 80,000 people. If all those lives could be taken in an instant, the retired science teacher realized, what are we saving all this money for? Beyond the existential, there's the practical: Holding money can diminish its value, he said. 

Here's an interesting analysis of the rising middle class consumer in China, and its outlook on shopping for consumer goods, including home furnishings.

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Source: Global Atlanta

Leggett Opens up Sleep Geek Site

Leggett & Platt's (NYSE: LEG) bedding group has redesigned its Sleep Geek Web site and relaunched as an open platform for sharing and commenting on industry related content.

Arteriors Revamps Web Site

 Decorative accessories, lighting and furniture supplier Arteriors has redesigned its Web site to improve the user experience.

Furniture Brands Stock Begins Trading on OTC

Shares of Furniture Brands International (OTC: FBNI) begin trading today on the OTCQB.

CDG Gets Social with Design

CDG ProductThe Contemporary Design Group is hosting a design by social media project entitled "Your Turn to be the Designer".

Leather Furniture Maker Crafts Survival Strategy

With cheaper offshore competition flooding the market, furniture manufacturers have become an endangered species in Canada.

Surajit Biswas is one of those species, but he's in no danger of dying. He's been surviving for the past 25 years. He's endured recessions, foreign competition, a fire, shifts in technology and changes in retail tastes.

"We are absolutely unique," he says of S.B. Leather Canada.

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Source: Waterloo Region Record

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