— Furniture Today,
\nWEST LAFAYETTE, Ind. \u00e2\u20ac\u201d Manufacturer Chromcraft Revington said it will close its wood processing facility in Warrenton, N.C., by Dec. 8.
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\nThe company plans to sell the 166,000-square-foot facility here and lay off 58 employees. It will source furniture parts produced at the plant from various suppliers, according to a press release.<\/p>\n
Chromcraft Revington said the move fits with its goal of improving its global supply chain, while also consolidating operations, reducing fixed costs and improving asset utilization.<\/p>\n
Last month, the company announced that it would close its bedroom and dining room furniture plant in Sumter, S.C., in October as part of a restructuring program aimed at reducing fixed costs and improving service to dealers. The company plans to outsource Sumter-brand products to factories primarily in Asia.<\/p>\n
Additionally, the company said it would close a distribution center in Knoxville, Tenn., that handles the Silver brand of occasional furniture and combine it with a Peters-Revington distribution center in Delphi, Ind. The company also is moving an upholstered furniture factory in Lincolnton, N.C., to a nearby building.
\nChromcraft Revington said it incur pre-tax restructuring costs of $1 million to $1.5 million, mostly in the fourth quarter, at the Warrenton facility.
\nThe company said last month it expected pre-tax restructuring charges of $6 million to $7.5 million to write down the value of equipment, buildings and inventories and pay severance benefits with the closure of the other facilities.
\nIn addition to Sumter, Silver and Peters-Revington, the company produces furniture under the Chromcraft and Cochrane brands.<\/p>\n","protected":false},"excerpt":{"rendered":"
— Furniture Today, WEST LAFAYETTE, Ind. \u00e2\u20ac\u201d Manufacturer Chromcraft Revington said it will close its wood processing facility in Warrenton, N.C., by Dec. 8.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2270","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2270"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2270\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}