The U.S. Department of Commerce announced on Tuesday its preliminary affirmative determination in the antidumping duty investigation of hardwood and decorative plywood from China.
Wood industry trade disputes are on the rise, with Chinese hardwood plywood imports subjected to countervailing duties up to 27 percent. Expansions at MasterBrand Cabinets and Wellborne Cabinets were also highly viewed.
The International Wood Products Association reacted with concern over the Department of Commerce’s Preliminary Determination in the Countervailing Duty Investigation on hardwood plywood imported from China.
The American Alliance for Hardwood Plywood (AAHP) today reacted with frustration to the Department of Commerce’s Preliminary Determination in the Countervailing Duty (CVD) Investigation on hardwood plywood imported from China.
A majority of hardwood and decorative plywood from China will face a countervailing duty of 22.63 or 27.16%, according to a preliminary affirmative determination by the DOC. The announcement has been met with mixed reaction.
The U.S. Department of Commerce said findings from its preliminary countervailing duty investigation of hardwood plywood and decorative plywood from China will be delayed until Feb. 26.
States Industries, the major manufacturer of hardwood plywood and specialty panel products, has acquired wood component maker Drawer Box Specialties, Orange, CA.
The Peninsula Plywood mill, which closed for good in November 2011 after piling up a mountain of public debt, is scheduled to be torn down beginning late next month.