Below is a list with tagged columns and company profiles.

Today's Headlines Furniture

  • Balinese Furniture & Handicraft Exporters Target Shipments to USA

    Balinese Furniture & Handicraft Exporters Target Shipments to USA

    Balinese furniture and handicraft exporters target a sharp increase in exports to the United States after European demand for Balinese furniture and handicraft products has plunged significantly over the past year. These manufacturers and exporters expect to see a 30 percent (y/y) rise in exports to the world's top economy.

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  • Furniture Exports Indonesia under Pressure, Companies Move to Vietnam

    Furniture Exports Indonesia under Pressure, Companies Move to Vietnam

    The value of export products originating from Indonesia's furniture and handicraft industry fell 16 percent year-on-year (y/y) to USD $1.6 billion in 2016 from USD $1.9 billion in the preceding year. The decline is attributed to the departure of several big furniture factories from Indonesia to Vietnam due to Indonesia's high logistics costs, higher minimum wages and Indonesian workers' low productivity. One example is America-based furniture manufacturer Maitland Smith.

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  • Chinese Furniture Companies Want to Relocate to Indonesia?

    Chinese Furniture Companies Want to Relocate to Indonesia?

    According to Franky Sibarani, Head of the Indonesia Investment Coordinating Board (BKPM), around 200 Chinese furniture companies have expressed their interest to relocate their factories to Indonesia because operational costs in China have been rising sharply in recent years, particularly wages. Moreover, rattan (an important material for furniture) is readily available in Indonesia. Sibarani said the changing structure of the Chinese economy (shifting from investment and export-driven to consumption) is why many Chinese manufacturing companies want to relocate their companies abroad.

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  • IKEA Loses Court Battles over Brand Name in Indonesia

    IKEA Loses Court Battles over Brand Name in Indonesia

    Based on the decision of the Jakarta Commercial Court and the Indonesian Supreme Court (after an appeal), the world's largest furniture retailer IKEA fails to own the right to use its brand name in Indonesia as Surabaya-based furniture company Ratania Khatulistiwa claimed the trademark for its acronym for Intan Khatulistiwa Esa Abadi. Although Inter IKEA System had registered the trademark "IKEA" with the Indonesian directorate-general of intellectual property both in 2006 and in 2010, Ratania Khatulistiwa successfully claimed that the global furniture giant had not used the trademark for commercial purposes for three consecutive years.

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  • Indonesia International Furniture Expo 2015 Kicks off on March 12th

    Indonesia International Furniture Expo 2015 Kicks off on March 12th

    From 12 to 15 March, the Indonesia International Furniture Expo 2015 (IFEX 2015) will be held in the Jakarta International Expo, Jakarta’s largest exhibition venue. This year’s furniture expo is set to become the largest furniture expo ever organized in Indonesia, Southeast Asia’s largest economy. Around 470 companies, furniture manufacturers from all over Indonesia, will display their products (export-quality), including collections of furniture, furnishings and interior design items. The event is organized by Dyandra UBM Internasional.

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  • Furniture, Rubber & Garment Trade between Indonesia & USA Expands

    Indonesian Trade Deputy Minister Bayu Krisnamurthi announced that Indonesian furniture, rubber and garment businesses have secured trade contracts worth USD $11.3 million with their counterparts in the USA and Canada. Most of these contracts (roughly USD 10.3 million) were sealed by US importers. Krisnamurthi stated that these deals show that international businesses have trust in Indonesian products. Moreover, the deals will have a positive impact on Indonesia’s troubled trade balance.

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  • Indonesian Furniture Manufacturer Chitose Internasional Prepares an IPO

    Chitose Internasional, an Indonesian furniture manufacturer intends to release 30 percent of its enlarged capital through an initial public offering (IPO) on the Indonesia Stock Exchange in June 2014. Currently, the company is trying to obtain approval from the Financial Services Authority (OJK) in order to conduct the IPO. President Director of Chitose Internasional Dedie Suherlan said that the proceeds will be used for the construction of a new factory, which will produce wood-based furniture products. This factory should become operational in 2015.

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Latest Columns Furniture

  • Indonesian Wood Furniture Firms in Focus: Integra Indocabinet

    Indonesian Wood Furniture Firms in Focus: Integra Indocabinet

    Integra Indocabinet, one of Indonesia's biggest vertically integrated wooden product manufacturers, is eagerly planning to engage in business expansion after collecting IDR 325 billion (approx. USD $24 million) in new funds through its initial public offering (IPO) on the Indonesia Stock Exchange in mid-2017.

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  • What is Causing Slowing Growth in Indonesia's Furniture Industry?

    What is Causing Slowing Growth in Indonesia's Furniture Industry?

    Investment in Indonesia's furniture and handicraft industries is expected to slow in 2016 due to subdued global demand and the lower competitiveness of these industries in Indonesia. Local furniture companies are moving away to Vietnam due to issues related to logistics costs, minimum wages and workers' productivity. For example, Taiwan-based Woodworth Wooden Industries Indonesia, the first Taiwanese furniture company that entered Indonesia (with a USD $40 million investment), decided to exit Indonesia, leaving 200 workers unemployed.

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