Cabinet Makers Association
  • Who We Are
    • Contact Us
    • About Us
  • Membership
    • General Membership
    • Associates & Distributors >
      • Associate & Distributor Member Directory
    • Students & Instructors
    • Make a Payment
  • For Homeowners
    • Shop Finder
    • Cabinetry Buyer's Guide
    • Wood Diamond Awards
  • Events
  • News
    • PROfiles
    • Benchmark Survey
  • Forums

Blum USA financial year statement for 2015/2016

8/16/2016

0 Comments

 
​Thanks to innovative products, consistent investments, a strong market presence and the commitment of our staff, the 2015/2016 financial year ending June 30, 2016, was a successful one for Blum, Inc. The company experienced positive growth and increased sales by 7.3% to a total of $262.8 million in the United States. Blum, Inc., employs 385 people and 16 apprentices at the Stanley, NC facility.

Markets
Business in the US remained strong and the developments in kitchen cabinet industry continued in an optimistic manner. A rise in housing starts was also reflective of the positive momentum that the company accomplished.

Investments
During the year Blum made a sizeable investment in a 1.84 Megawatt solar panel system, advancing Blum’s commitment to minimize its impact on the environment. The system is comprised of 6,600 solar panels that generate approximately 4,200,000 kilowatt hours of electricity per year and go into the grid to provide power to 300 homes in the area. In the coming financial year, Blum, Inc. will also invest in new equipment for the manufacturing of hinges and drawer runners, complete a modernization of its high-bay warehouse, and also hire approximately 40 new employees at the facility.

Blum Group
The Blum Group experienced a worldwide revenue increase of 6.5% to $1.838 billion during the 2015/2016 financial year. As of June 30, 2016, the Blum Group employed 6,929 employees, which includes 309 apprentices. Investments by the Blum Group totalled $192.74 million in financial year 2015/2016. Sales by the various business regions were: EU 50%, USA 15%, and other markets 35%.
www.blum.com
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    News

    This section of our site contains industry news relevant to CMA members. 

    For consideration, you can submit a  press release to: 
    ​
    marketing@cabinetmakers.org

    Subscribe to our mailing list

    * indicates required

    Archives

    February 2021
    December 2020
    November 2020
    August 2020
    June 2020
    May 2020
    March 2020
    December 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016

    Categories

    All
    Education
    Events
    Newsletter
    PROfiles
    Webinars
    YouTube

    RSS Feed


Cabinet Makers Association
PO Box 888678
​Grand Rapids, MI 49588-8678
(616) 930-4610
  • Who We Are
    • Contact Us
    • About Us
  • Membership
    • General Membership
    • Associates & Distributors >
      • Associate & Distributor Member Directory
    • Students & Instructors
    • Make a Payment
  • For Homeowners
    • Shop Finder
    • Cabinetry Buyer's Guide
    • Wood Diamond Awards
  • Events
  • News
    • PROfiles
    • Benchmark Survey
  • Forums