Article: Mexican furniture sales attract Comex, Sayerlack.(International Coatings Scene: LATIN AMERICA)

Growing sales of Mexican-made furniture both in Mexico and the U.S. may bode well for paint and coatings companies targeting the segment like Grupo Comex and Renner Sayerlack. U.S. imports of furniture were worth more than $22 billion last year, and cost is king in the still-depressed U.S. furniture market.

This mix of conditions seems to be working for Mexican domestic goods giant Grupo Famsa, which reported a first-quarter 2009 total sales jump of 43% in peso terms to an equivalent of about $85 million. The chain operates 351 stores in Mexico and 39 in the U.S., within which furniture accounts for approximately 20% of total sales in Mexico and approximately 35% ...

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