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Title: Stellar Expands Office Furniture Production to New Larger Facility in Foshan, China
Foshan, Guangdong, China, 10th Sep 2024 – Stellar Furniture, a 33-year experienced office furniture manufacturer in China, has announced a significant expansion in its production capabilities with the move to a new, larger factory space. This strategic development comes as the company consolidates its office chair and desk manufacturing operations under one roof, driven by the growing demand for its office chair and desk inventories and the need for more efficient production processes. Stellar Furniture has been exporting high-quality office furniture to over 90 countries worldwide, solidifying its reputation as a global leader in the industry.In a statement about the expansion, the CEO Mr. Arihant Nahar of Stellar Furniture said, “This new facility marks a major milestone in Stellar Furniture’s growth. Our customers have placed immense trust in our products, and it is our responsibility to scale up production while maintaining the highest standards of quality. We are committed to meeting the market’s demands in the most efficient and timely manner.”The global office furniture market is experiencing robust growth, with significant projections for the future. According to IMARC, the furniture market is expected to reach US$ 87.4 Billion by 2032. The Niche Research further reports that the global office furniture market is expected to grow at a CAGR of 8.1% over the forecast period (2024 – 2034). This growth is driven by factors such as rapid urbanization, industrialization, and the increasing awareness of ergonomic benefits, particularly in the office chairs segment, which is expected to grow at a CAGR of 6.4%. Stellar Furniture’s expansion is well-timed to capitalize on these industry trends, meeting the rising demand for quality office furniture across t...
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