Chinese lumber buyers swarmed through sawmills and lumberyards trying, in vain, to lock in prices. Highly coveted American hardwoods are in demand around the world, report analysts at Hardwood Review.
As a result, U.S. sawmills are tooling up, with Associated Hardwoods the latest to grow sawmill capacity to fill demand. Through a specialized federal tax credit program, Associated Hardwoods will open a sawmill in Gaffney, SC. The new markets Tax Credit program supports development of manufacturing in rural areas.
Have something to say? Share your thoughts with us in the comments below.