Companies in the timber industry / Daily News / Global Trends / Furniture / Wood Products / Europe / Global
March 27, 2020
Poland’s furniture companies under collapse threat
The coronavirus pandemic may cause the collapse of Polish furniture manufacturers, which face many production curtailments. The five main Polish furniture manufacturers estimate that the economic risk would be equivalent to two points of GDP, and asks that the government aid announced for SMEs and MSMEs not to exclude large companies. 90% of Polish furniture production is for export, mainly to Europe, analysis money.pl. And since all European retail stores have been closed, the demand for furniture has dropped to almost zero. Without support, companies will have to proceed in the ...
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