PUNE, India -- The global furniture market size was $475.4 billion in 2020. A year later, the market hit $493.6 billion. From 2021 to 2028, the furniture market is expected to flourish reaching $720.2 billion at a CAGR of 5.5% in the 2021-2028 period, according to a new report from Fortune Business Insights.
Even as one wood products industry celebrates a recent Commerce Department trade ruling, another industry continues to fight a battle it thought it had already won.
The commerce department recently ruled in favor of the hardwood plywood (HWPW) industry that claimed that HWPW products assembled in Vietnam using Chinese source materials were an evasion of tariffs that might be as high as 200 percent.
PHOENIX, Ill. -- Sterling Structural, a division of Sterling Site Access Solutions, LLC, announced its cross-laminated timber (CLT) product line, sold under the TerraLam trade name, has been certified to the PRG 320 – 2019 (PRG 320) performance standard by the International Code Council – Evaluation Service (ICC-ES).
As Roseburg Forest Products continues to expand its vertically integrated land and manufacturing business model across North America, the company says it has taken steps to deepen strategic land acquisition and management.
The Department of Commerce has ruled that hardwood plywood assembled and exported from Vietnam used Chinese core materials. After examining multiple types of HWPW, the agency ruled that the HWPW are subject to substantial antidumping and countervailing duties that range as high as 200 percent.
According to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly Trend of Business Survey, participating cabinet manufacturers reported an increase in overall cabinet sales of 21.3% for June 2022 compared to the same month in 2021.
COLORADO SPRINGS, Colo. -- Elias will discuss his company’s deep dive into front-of-trend technologies at the Executive Briefing Conference, Sept. 15-17.