The U.S. Department of Commerce (DOC) yesterday issued a preliminary average duty of 22.14% on Chinese hardwood plywood drawing immediate protests from a group of hardwood plywood importers.
Armstrong World Industries Inc., an international designer and manufacturer of floors and ceilings, reported that its net income declined 83.2% in the first quarter ended March 31.
Kitchen cabinetry manufacturer Masco sales rose 4 percent to $1.9 billion, and North American cabinetry moved solidly into the black. Softness in Europe resulted in break even for Masco's global cabinet business.
Pairing of design-driven firms creates immediate strategic benefits to both brands and represents a major milestone in Herman Miller's plans for diversified growth.
Small business sales jumped dramatically in the first quarter 2013, up 56 percent compared with the same time the previous year, according to BizBuySell.com. What is behind the spike and will it have an impact on wood products companies?
New York joins the growing list of states looking to ban the use of chemical flame retardants in residential upholstered furniture. Introduced earlier this month by New York State Assemblyman Robert Sweeney, A 6557 would also require residential upholstered furniture sold in New York to comply with an open flame standard.