Peter Kleinschmidt, former president and CEO of Stiles Machinery Inc., in a 2007 file photo. On Feb. 3, 2014, Kleinschmidt sold the company to Germany's HOMAG Group AG. (MLive file) KENTWOOD, MI — A ...

Overview: HOMAG Group AG operates globally, providing machinery and solutions for the woodworking and timber construction industries, with a market capitalization of €580.46 million. Operations: The ...

Homag Group AG engages in the provision of manufacture and distribution of machines and systems for the construction of furniture, kitchens, timber houses, windows, wooden floors, and staircases. Its ...

SCHOPFLOCH, Germany – In the fourth quarter of 2023, HOMAG received a major order from Luli Wood Industry, a major furniture manufacturer in China. The contract with the Chinese customer has a term of ...

The stereotype of Michigan as a high-cost labor state hasn't reached Europe. The world's largest manufacturer of woodworking equipment is betting Grand Rapids will be the most cost-effective home for ...

EQS-Ad-hoc: Homag Group AG / Key word(s): Restructure of Company/Change in Forecast Homag Group AG: Package of measures adopted to boost efficiency and reduce capacity at HOMAG 07-Nov-2023 / 18:34 CET ...

Amid a broader European market uplift, Germany's DAX index recently gained 1.48%, reflecting positive investor sentiment following encouraging inflation data from the U.S. This buoyant backdrop sets ...