Increased sales spur Decorize expansions

The company has 25.24 million outstanding shares.

The Feb. 5 sale netted $550,000. Expansions at the Springfield-based furniture manufacturer’s Indonesia and China facilities have begun, according to CEO and President Steve Crowder, and should be complete in about 75 days.

Bigger production areas at the Indonesia facility will make room for more drying tunnels and spraying booths, Crowder said. When finished, it will produce about 35 furniture containers per month, compared to its current capacity of 20 containers.

The China facility also will add space to its showroom and office areas.

It’s all in response to an increasing product demand, Crowder said.

In January, sales were about $2.5 million – compared to $3.39 million reported in the entire January–March period of 2006. About $1.5 million in January was from Decorize’s Guildmaster brand, which Crowder said was popular at recent furniture market events and recently debuted a new collection.

Guildmaster sales were up 44 percent over last year. Popularity of particular brands varies every month, Crowder said, depending on what happens at market.

In early January, Decorize reported second-quarter sales of $4.5 million, and officials said they anticipate seeing the company’s first quarterly operating profit when it files second-quarter results with the Securities and Exchange Commission. Crowder said that should happen early next week.[[In-content Ad]]