Report predicts 16% growth in residential bath and kitchen remodeling.
January 26, 2021
The National Kitchen & Bath Association (NKBA) released its 2021 Market Outlook report, revealing the industry is poised for continued growth with overall spending for both kitchen and bath projects to increase in the coming year. The industry anticipates a pronounced rebound in overall industry growth from -5.9% in 2020 to 16.6% in 2021, compared to 9% in 2018 and 1% in 2019.
The Kitchen & Bath Industry Show (KBIS) announced the product finalists for the 2021 Best of KBIS Awards. Regarded as one of the industry’s most prestigious awards, Best of KBIS recognizes the most innovative new kitchen and bath products of the year.
A. O. Smith announced the release of its 2020 Corporate Responsibility & Sustainability Report, which documents the company’s environmental, social and governance activities and performance over the past two years. It announced the company's first greenhouse gas emissions (GHG) reduction goal of 10% by 2025.
The Kitchen & Bath Industry Show (KBIS) revealed the lineup for the NKBA presents KBISNeXT Stage during KBIS Virtual in February. A cornerstone of this year’s KBIS Virtual experience and historically one of the most popular KBIS destinations, the KBISNeXT Stage delves into provocative industry topics throughout the show, February 9-12, 2021.
RectorSeal, manufacturer of quality HVAC/R and plumbing tools and accessories and a wholly-owned subsidiary of CSW Industrials, announced that Vernon Bitzer Associates will represent RectorSeal’s plumbing products in Eastern Pennsylvania, Southern New Jersey and Delaware. Vernon Bitzer is headquartered in Warminster, PA.
REHAU announced the promotion of Dr. Thomas Troeger from CMO to CEO of the Americas region. The regional executive board of REHAU Americas, with headquarters in Leesburg, Va., includes Dr. Thomas Troeger, chief executive officer (CEO); Theo Haast, chief financial officer (CFO); and Terry Barnaby, Head of Operations (COO).
The Minneapolis/St. Paul Business Journal recently announced Uponor North America is the 2020 Manufacturing Sustainability Award honoree recognizing the commitment to conserving water, reducing waste, improving energy efficiency and empowering labor.
Navien, manufacturer of high efficiency condensing tankless water heaters, combi-boilers and wall-hung boilers in North America, has introduced a new logo and visual identity for the brand. The updated look offers a new take on the orange and blue colors that have been a staple of the Navien brand in North America for more than 14 years.
Oatey Co. announced the acquisition of Contact Industries, S.A. de C.V., based in Guadalajara, Mexico. Contact is a leading manufacturer and distributor of products serving the plumbing markets in Mexico.