30.09.2022 Views

National Hardwood Magazine - October 2022

In the latest issue of National Hardwood Magazine, get to know Holt & Bugbee Company, learn about Pennsylvania Hardwoods' expansion, and much more.

In the latest issue of National Hardwood Magazine, get to know Holt & Bugbee Company, learn about Pennsylvania Hardwoods' expansion, and much more.

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

NEWS DEVELOPMENTS<br />

NEWS ABOUT NORTH AMERICAN INDUSTRIAL<br />

HARDWOOD CONSUMERS INCLUDING MERGERS,<br />

PLANT EXPANSIONS & ASSOCIATION ACTIVITIES<br />

Wellborn Cabinet Plans $17 Million<br />

Alabama Expansion Creating 415 Jobs<br />

Alabama Commerce Secretary Greg Canfield announced<br />

that Wellborn Cabinet Inc., a family-owned<br />

manufacturer based in Ashland, AL, plans to invest<br />

nearly $17 million in an Alabama expansion project that<br />

will create 415 jobs over five years.<br />

Wellborn Cabinet, whose cabinets are distributed nationwide,<br />

intends to construct and<br />

equip a 250,000-square-foot facility<br />

in Oxford to begin production of<br />

a new kitchen and bath cabinetry<br />

product, according to the Alabama<br />

Department of Commerce.<br />

Using American-made products,<br />

Wellborn Cabinet manufactures traditional,<br />

contemporary, and transitional<br />

<strong>Hardwood</strong> cabinetry. Purchasing<br />

approximately 8 million board<br />

feet in green <strong>Hardwood</strong> lumber<br />

annually, products are available in<br />

Cherry, Maple, Oak and Hickory.<br />

“It’s always great news when a<br />

successful Alabama company like<br />

Wellborn Cabinet decides to launch<br />

a significant growth project right<br />

here at home,” Secretary Canfield<br />

said.<br />

“Wellborn has long been a landmark<br />

business in east Alabama, and<br />

I am thrilled that the company continues<br />

to grow and thrive.”<br />

Founded in 1961, Wellborn Cabinet<br />

employs 1,336 workers within its<br />

expanding Alabama manufacturing<br />

footprint.<br />

Wellborn Cabinet’s growth plans<br />

come at a time of rising demand for<br />

its products. Last year, the company<br />

announced plans for a $15 million<br />

project on its Ashland campus<br />

to add a planer mill, paint facility,<br />

health care, and manufacturing facilities<br />

expansion for its workforce.<br />

“As we were looking at areas for<br />

expansion opportunities, we wanted<br />

to continue our growth within the<br />

state of Alabama,” President and<br />

CEO Paul Wellborn said. “Oxford<br />

was very accommodating and helpful<br />

throughout the process.<br />

14 OCTOBER <strong>2022</strong> n NATIONAL HARDWOOD MAGAZINE www.RealAmerican<strong>Hardwood</strong>.org<br />

“The new location will be close to Interstate 20 and<br />

a broader workforce, which are both critical to our success.”<br />

Wellborn Cabinet is one of the largest cabinet makers<br />

in North America and the largest<br />

industrial employer in rural Clay<br />

County. Its new location on 60 acres<br />

at the Oxford West Industrial Park,<br />

located in Talladega County, will extend<br />

its presence in east Alabama.<br />

Construction on the project is set<br />

to begin in Spring 2023, and start-up<br />

of operations in Fall 2024.<br />

To learn more, go to www.well<br />

born.com.<br />

Most Recent Kitchen<br />

And Bath Study<br />

Results from the second quarter<br />

NKBA/John Burns Kitchen & Bath<br />

Index (KBMI) study were a stark reminder<br />

that the kitchen and bath industry<br />

is not immune to overall economic<br />

turmoil.<br />

The overall KBMI for Q2 was 70.4,<br />

the lowest it has been since Q4<br />

2020. The index is an accumulation<br />

of members’ read on the health of<br />

the industry as well as current and<br />

future conditions — all of which had<br />

noticeable declines for the quarter.<br />

Although any Index rating above<br />

50 signifies expansion, the Q2 KBMI<br />

shows clear warning signs. Nearly<br />

half of the kitchen and bath professionals<br />

surveyed said they are not<br />

confident in the U.S. economy. In<br />

fact, the prediction for the Q3 Index<br />

based on respondents’ forecasts fell<br />

to the lowest reading in over two<br />

years, dropping to 61.8. They said<br />

rising costs and economic uncertainty<br />

are driving the declines.<br />

The most recent KBMI showed<br />

that increased costs of materials<br />

and inflation have now overtaken<br />

www.RealAmerican<strong>Hardwood</strong>.org<br />

supply chain disruptions as respondents’ primary concerns.<br />

<strong>National</strong> Kitchen and Bath Association members<br />

said year-over-year costs have risen an average of 11<br />

Please turn to page 47<br />

OCTOBER <strong>2022</strong> n NATIONAL HARDWOOD MAGAZINE 15

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!