High Point Market Will Be a Tale of Two Shows
As the world’s biggest furniture market starts this weekend, it will be all about the haves and have-nots. When the furniture industry gathers in High Point, NC, over the next ten days for its spring market, it will be with the dark cloud of tariffs hanging over it, creating possible opportunities for vendors who either […]
Lumber Prices Up in March, but Tariff Concerns Loom
Madison’s Lumber Reporter shows increases in prices at the end of the month, with many holding off on buying pending new trade developments. In the week ending March 28, 2025, Madison’s said the price of 2×4 benchmark softwood lumber Western Spruce-Pine-Fir was $545 MFBM (thousand feet board measure), up $10 or 2 percent from the […]
Asian Cabinet Importer FGI Begins Trading on Nasdaq in U.S.
East Hanover, NJ—Stock for FGI Industries Ltd., an importer and supplier of kitchen and bath fixtures, vanities, and cabinets, began trading on The Nasdaq Capital Market on January 25, under the symbols “FGI” and “FGIWW,” expecting to raise $15 million. David Bruce, was appointed CEO of FGI Industries this week. He is also executive vice […]
NEWS BRIEFS Ashley Expands, GreatStar Tools Execs, New Seating Plant, Wood Tariffs Up?
Canadian softwood lumber tariffs double under a U.S. Department of Commerce proposal. The new rates vary. West Fraser goes from 9 to 11.4 percent; Canfor from 4.6 to 21 percent; Resolute Forest from 20.3 to 30.2 percent; and J.D. Irving from 4.2 to 15.8 percent. Lumber buyers oppose the move. GreatStar Tools USA (Shop-Vac, Pony […]
NEWS BRIEFS: Wood Industry Ransomware; Maple Veneer Logs; IWPA Board Changes; Milwaukee Tool
Beware ransomware: As wood manufacturing firms integrate manufacturing and amp up digitalization, weak links in the connections for IIoT and Industry 4.0 can make firms vulnerable to ransomware attacks, wherein hackers hold corporate operating systems hostage until ransoms are paid. Colonial Pipeline paid millions this month for release following a cyber attack. Last year Steelcase in Grand Rapids, […]
Chinese Cabinet Makers Hit by Antidumping Duties up to 269 Percent
WASHINGTON, D.C. – After a year-long effort, U.S. kitchen cabinetmakers are seeing their major Chinese competitors hit with duties levied by the U.S. Commerce Department averaging 59 percent, with some as high as 269 percent. Collections began April 1. Some of these importers have established sizable businesses assembling and selling ready-to-assemble cabinets shipped in flat […]
U.S. Sees Indication Moulding, Millwork Firms Being Hurt by Imports
Washington, DC—The United States International Trade Commission (USITC) determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of wood mouldings and millwork products from Brazil and China. The wood mouldings are allegedly sold in the United States at less than fair value and subsidized by the […]