Artwright bails out of Steelcase partnership

25 May 2005 – Kuala Lumpur (MAL): Malaysia-based Artwright Holdings is to sell its entire stake in Steelcase Artwright Manufacturing back to Steelcase for $4.49 million.

The joint venture was originally announced in March 2001 to give Steelcase critical mass in the region and a platform from which to extend its local customer base.