Press Release
Stellar Expands Office Furniture Production to New Larger Facility in Foshan, China
Stellar Furniture, a leading office furniture manufacturer with 33 years of experience, has expanded its production capabilities by moving to a new, larger facility in Foshan, China. This strategic move consolidates its office chair and desk manufacturing under one roof to meet growing global demand efficiently. The new 25,000 square meter factory enhances manufacturing efficiency, quality control, and logistics, supporting Stellar’s commitment to producing high-quality, eco-friendly furniture. As the global office furniture market grows, Stellar is well-positioned to capitalize on these trends, maintaining its reputation for innovation, quality, and sustainability.
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 the globe.
The new factory, which spans 25,000 square meters, is a response to the increasing global demand for quality office furniture that meets both ergonomic and environmental standards. Stellar’s recently launched sustainable office chair series has seen a surge in popularity, with orders rising daily. These eco-friendly products, made from recyclable materials, are part of a broader industry trend towards sustainability, and Stellar Furniture is at the forefront of this movement. The ongoing expansion of furniture retail brands like IKEA, Conforama, Rooms To Go, Steinhoff and others further underscores the market’s potential, presenting opportunities for companies like Stellar Furniture to expand their reach.
The decision to move to a larger, unified production site allows Stellar Furniture to meet the growing demand more effectively. By combining the manufacturing and exporting office chairs and desks in one state-of-the-art facility, the company is poised to enhance its manufacturing efficiency and reduce production times, ensuring that customers receive their orders promptly without compromising on quality.
Demand to Adhere the Quality Standards and Compliance
Stellar Furniture is renowned for its commitment to strict quality guidelines, they manufacture office chair and furniture with BIFMA, ANSI, and BSCI certification. The new facility is designed with an expanded quality control department, where every piece of furniture undergoes rigorous checks before being dispatched. This enhanced focus on quality assurance reflects Stellar Furniture’s dedication to producing durable, reliable products that meet international standards.
The new space also features advanced logistics capabilities, including the ability to accommodate a 40ft tall container directly within its dispatch unit. This streamlined shipping process is expected to further improve the company’s ability to handle large orders efficiently, reinforcing its position as a reliable office furniture supplier in China.
The move to a larger facility is also a significant step in Stellar Furniture’s long-term strategy for sustainable growth. With a more spacious and versatile production environment, the company can continue to innovate and expand its product line, particularly in the area of sustainable office furniture. This includes the ongoing development of eco-friendly models that align with the industry’s shift towards greener practices.
As the demand for sustainable and ergonomic office chairs continues to grow, Stellar Furniture is well-equipped to meet these evolving needs. Their expansion positions the company to capitalize on emerging opportunities in the global office furniture market. With its new production facility, Stellar Furniture appears to be ready to meet the challenges of the future, offering a wide range of office chairs and desks that cater to the diverse needs of modern workplaces. As the company embarks on this new chapter, it remains committed to its core values of quality and innovation, ensuring that every piece of furniture that leaves its factory meets the highest standards of excellence.
Media Contact
Organization: Stellar Furniture
Contact Person: Avil Porwal
Website: https://www.stellarglobal.com/
Email: Send Email
Contact Number: +919109316533
Address: Henan Road, South District of Longcong Industrial Zones,
Address 2: Beijiao Town, Shunde,
City: Foshan
State: Guangdong
Country: China
Release Id: 10092416797
The post Stellar Expands Office Furniture Production to New Larger Facility in Foshan, China appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
AIA Labs, a trailblazer in blockchain innovation, has officially launched AIA Chain, a next-generation blockchain platform designed specifically for high-performance financial transactions. Fully compatible with the Ethereum Virtual Machine (EVM), AIA Chain integrates cutting-edge technology with unparalleled speed, scalability, and cost-efficiency, making it a leader in decentralized finance (DeFi), blockchain payments, and Web3 infrastructure.
Why AIA Chain Stands Out in the Crypto Ecosystem
AIA Chain is setting new benchmarks in the crypto and blockchain industries, addressing key challenges such as transaction speed, scalability, cost-efficiency, and regulatory compliance. Its unique features make it a compelling choice for developers, institutions, and users seeking innovative solutions in the rapidly evolving world of blockchain technology, cryptocurrencies, and smart contracts.
With the global digital payments market projected to reach $20 trillion by 2030, AIA Chain is strategically positioned to become a cornerstone of blockchain-based payment infrastructure.
Unrivaled Transaction Speed and Low Fees
AIA Chain is redefining the standards for blockchain payments with:
- Over 100,000 transactions per second (TPS): AIA Chain surpasses the performance of major blockchains like Ethereum, Binance Smart Chain (BSC), and Solana.
- Ultra-low transaction costs: At just $0.0002 per transaction, AIA Chain outperforms many leading blockchains, making it ideal for high-frequency use cases such as crypto payments, remittances, and DeFi protocols.
- Meta-transaction mechanism: AIA introduces this advanced feature to lower the barriers for both developers and users, enhancing usability and adoption.
Built for DeFi, Web3, Gamefi, On-chain AI Agent and Beyond
AIA Chain is fully compatible with Ethereum, enabling seamless migration of projects and smart contracts. This makes it an ideal platform for developers building DeFi apps, NFT marketplaces, metaverse projects, and GameFi ecosystems. The platform’s focus on scalability and interoperability ensures that projects can thrive in a rapidly growing Web3 world.
Key Features of AIA Chain
APoS Consensus Mechanism and ISN Architecture
AIA Chain employs Adaptive Proof of Stake (APoS) and a unique Internet Sharding Network (ISN) architecture. These innovations:
- Prevent centralization and whale manipulation, ensuring a fair and secure network.
- Increase transaction throughput and enhance the platform’s decentralization.
- Drive high network activity, making AIA Chain a dynamic and robust ecosystem.
EVM Compatibility and Developer-Friendly Tools
By being fully compatible with EVM, AIA Chain simplifies project migration from blockchains like Ethereum, Binance Smart Chain, and Polygon. The inclusion of AVM (AIA Virtual Machine) provides developers with advanced tools to build scalable and innovative solutions, enabling smart contract deployment and decentralized application (dApp) development with ease.
Scalability and Layer 2 Solutions
AIA Chain supports Layer 2 scaling solutions and cross-chain interoperability, offering developers the tools to create applications that transcend blockchain silos. These features unlock vast potential for DeFi ecosystems, cross-border crypto payments, and enterprise blockchain solutions.
Focus on Compliance and Institutional Adoption
AIA Chain prioritizes regulatory compliance in global markets, providing a secure and legally compliant environment for both institutional and individual users. This focus positions AIA Chain as a preferred platform for enterprise blockchain adoption, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).
Developer and Ecosystem Support
The AIA Foundation actively supports promising projects with funding, technical guidance, global roadshows, and marketing resources. By fostering developer growth, the foundation aims to build a vibrant, innovative ecosystem that accelerates the adoption of blockchain technology and cryptocurrency worldwide.
Transforming the Blockchain Landscape
AIA Chain’s unique combination of speed, affordability, and developer-friendly features positions it as a transformative force in the blockchain industry. Its applications span:
- DeFi Protocols: Supporting decentralized exchanges (DEXs), liquidity mining, and innovative yield farming strategies.
- Crypto Payments: Optimized for real-time, low-cost transactions in retail and institutional markets.
- Gamefi, Ai-Fi, Memecoin, NFT and Web3 Ecosystems: AIA Chain provides a scalable foundation for Gamefi, Ai-Fi, Memecoin, NFTs, metaverse projects, and decentralized governance applications.
- Enterprise Adoption: With a focus on compliance and scalability, AIA Chain bridges the gap between traditional financial systems and blockchain technology.
About AIA Labs
As the operational backbone of AIA Chain, AIA Labs is committed to fostering a dynamic and inclusive blockchain ecosystem. By providing technical leadership, regulatory insights, and developer support, AIA Labs is empowering a new generation of blockchain applications in DeFi, Web3, and beyond.
Support for Developers:
The AIA Foundation, managed by AIA Labs, offers comprehensive support for promising projects, including funding, technical assistance, and global marketing resources. By lowering barriers to entry, AIA Labs accelerates adoption and innovation within the blockchain space.
Focus on Compliance and Stability:
AIA Labs prioritizes compliance with regulatory frameworks across key global markets, establishing AIA Chain as a reliable platform for institutions and individuals alike, providing a compliant and secure platform for institutions and individuals. This commitment to compliance establishes AIA Chain as a preferred choice for financial applications requiring high-frequency transactions and reliability.
For more information, visit AIA Labs Website.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
London, UK, 26th November 2024, ZEX PR WIRE, Tradeview Markets proudly stole the spotlight at the Finance Magnates London Summit 2024, a premier two-day event that brought together the biggest names in the financial industry.
With one of the best-looking booths, Tradeview’s presence was unmatched, attracting more attendees than any other exhibitor at the summit.
A Hub of Connection and Innovation
Tradeview´s team made the most of every moment, engaging with industry leaders, networking with professionals from across the globe, and showcasing cutting-edge technological advancements. Visitors at the booth not only experienced the future of trading but also left with exclusive giveaways—caps, ties, pens, and more—making Tradeview’s stands the ultimate destination at the summit.
Unforgettable Experiences and Star Power
In a highlight that wowed attendees, players from the Leicester Tigers men’s and women’s teams were at booth #31 to meet fans and take photos. This unique collaboration underscored Tradeview’s commitment to blending industry excellence with engaging, memorable experiences.
Adding to the excitement, models and influencers brought energy and style the booth, ensuring that Tradeview was a trending topic throughout the summit. From product demonstrations to interactive sessions, the buzz surrounding Tradeview Markets was electric.
A Bright Future for Tradeview Markets
“Tradeview Markets is thrilled to have been such a pivotal part of the Finance Magnates London Summit 2024,” said Tim Furey, CEO at Tradeview Markets. “This event provided an incredible platform for us to connect with the global financial community, showcase our innovations, and highlight what makes Tradeview a leader in the industry. The response was phenomenal, and we’re excited to continue building on this momentum.”
Looking Ahead
Tradeview Markets remains dedicated to pushing boundaries and leading the way in the financial services sector. With the success of the Finance Magnates London Summit 2024, the company is poised for an exciting year ahead, filled with innovation, growth, and continued industry leadership. Additionally, Tradeview Markets will participate in the Traders Fair in Hong Kong on December 14th.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation
2024 marks the 21st anniversary of establishing a comprehensive strategic partnership between China and Europe, China-EU relations are showing good momentum of consolidation and development. China looks forward to the EU becoming a key partner in pursuing Chinese modernization, sharing opportunities in its vast market, institutional opening-up, and deepening international collaboration.
Wuxi, a core city in the Yangtze River Delta urban agglomeration, has attracted investments from European companies such as AstraZeneca, Bosch, and Siemens since China’s coastal opening up. The city has opened up China-Europe freight train services and direct cargo routes to Europe, fostering deepening economic and trade cooperation—Wuxi High-tech Zone, located in the hinterland of the Yangtze River Delta with convenient transportation links. Since becoming a national high-tech zone in 1992, it has incubated a robust ecosystem of technological innovation, housing numerous postdoctoral workstations, listed companies, and high-tech enterprises. Ranked 4th among China’s top 100 districts for high-quality development and 18th among 177 national high-tech zones, Wuxi High-tech Zone stands out as a beacon of growth.
In November 2023, the Wuxi China-Europe Industrial Innovation Zone was officially launched.
As an open window for China-Europe cooperation, the China-Europe Industrial Innovation Zone aims to promote high-level openness, serving as a platform for sharing opportunities globally, a bridge for deepening EU collaboration, and a forefront for innovation in China-Eu partnerships. By the end of 2023, EU countries states had invested in 166 projects in the Wuxi High-tech Zone, with a total investment of €15 billion. In 2023 alone, these projects generated sales revenue of RMB 118.23 billion and contributed RMB 8.18 billion in taxes.
Spanning a total planned area of 24.5 square kilometers, the China-Europe Industrial Innovation Zone is situated in the Meicun area of the Wuxi High-tech Zone. The core area covers 7.7 square kilometers, with the initial development area along both sides of Xinhua Road spanning 1.15 square kilometers. Anchored in Meicun Street, the zone aims to become a model for China-Europe cooperation, providing a premium platform for the Wuxi High-tech Zone and the city of Wuxi to strengthen international collaboration. The first phase of construction has already reached the structural topping-off stage and is expected to be completed by March 2025.
Building on Wuxi High-tech Zone’s solid foundation of international industrial cooperation, the China-Europe Industrial Innovation Zone adheres to a philosophy of integrated development of science, industry, and urbanization. It is actively developing four international cooperation sub-parks: the China-Germany International Cooperation Industrial Park, the China-France International Cooperation Industrial Park, the China-Switzerland International Cooperation Industrial Park, and the China-Israel International Cooperation Industrial Park.
The China-Europe Industrial Innovation Zone targets an annual output value of RMB 160 billion and tax revenue exceeding RMB 8 billion. It aims to attract at least 30 European “hidden champion” enterprises, including over 10 multinational company headquarters. The zone will construct more than 500,000 square meters of innovation facilities and jointly establish at least three European industrial technology transfer centers. Efforts to attract major China-Europe cooperative projects are being intensified, with key EU-related projects such as Legrand, AML Systems, Schneider Electric, Faurecia, and Siemens accelerating their presence in the zone. The future focus will be on cutting-edge EU technologies and innovations, optimizing industrial structure and layout to position the zone as a leading provincial-level economic development zone, Wuxi High-tech Zone’s preferred industrial destination, and a top-tier international industrial cooperation zone renowned across China and the Yangtze River Delta.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
AIA Labs Introduces AIA Chain: A Game-Changing Blockchain for Financial Transactions
Tradeview Markets Shines at Finance Magnates London Summit 2024
China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation
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