News archive

Tag: U.S

Indonesia failed to take advantage of trade war and expand market share on U.S. furniture imports

03-09-2019
Indonesia, expand market share, U.S. furniture imports

Indonesian furniture producers are unable to take advantage of the trade war between the U.S. and China and expand market share in the U.S.. Based on data from the Indonesian Centre for Reform of Economics (CORE) in April 2018, when the U.S. Government began imposing tariffs on Chinese products, the furniture market share of China in the US was 48 …

U.S. import of wooden furniture catches up

25-07-2019
U.S. imports, 2018, wooden furniture

The volume of U.S. imports of wooden furniture grew by 17% in May, surging ahead of 2018 year to date for the first time this year. Imports from China, Vietnam, Malaysia and Mexico all rose by more than 10%. Year to date, imports from Vietnam and Malaysia are up 29% and 13% respectively, reported Global Wood. The results of the Smith Leonard …

Hardwood leaders in the U.S. tell their stories to Congress

27-06-2019
U.S. hardwood, congress, trade war

Last week, 22 hardwood leaders travelled to Washington D.C. to meet with a number of U.S. Senators and staff to share the devastating impacts the current U.S./China trade war is having on their businesses, employees and communities. The group also met with senior staff from U.S.D.A. and the Vice President's office. The stories shared were …

Hardwood Federation: various species of hardwoods likely impacted by latest retaliatory tariff increase by China

14-05-2019
U.S. China tariff war, latest development

China's Ministry of Finance announced this morning that it would increase tariffs on 5,140 U.S. goods starting on June 1 in retaliation to U.S. increases on Chinese products last week.  Many if not all the impacted products were identified for 25 per cent tariffs in late December, but were frozen at five to 10 per cent in light of positive …

Editor’s pickWeinig expands in the U.S.

23-11-2018
Weinig, Holz-Her, expansion, U.S., Anaheim, California, Expocenter

Weinig and Holz-Her are strengthening their market presence in North America. The subsidiary of the German Weinig Group, which has been operating from Mooresville in the east of the USA since 1976, is opening an additional location on the West Coast. From December this year, the wide portfolio of the leading technology provider for solid wood …

Sumitomo Forestry acquires a U.S. Land Development Company

10-10-2018
Sumitomo Forestry, acquisition, U.S. land development company, Mark III, Northwestern South Carolina

Sumitomo Forestry Co., Ltd. announced that it has acquired a 60 per cent equity interest in the United States Mark III Properties, LLC (hereinafter: Mark III) through its wholly-owned subsidiary, Sumitomo Forestry America, Inc.. A celebrative reception for the new partnership was held on August 14, local time. The Sumitomo Forestry Group cited …

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