Springfield, Ore. – Timber Products Company, a member of the Coalition for Fair Trade of Hardwood Plywood, says it is pleased with the positive ruling by the U.S. International Trade Commission on the antidumping (AD) and countervailing duty (CVD) investigations on hardwood plywood from China.
The Department of Commerce's determination after a full-year investigation into China's unfair trade practices led commencement by the Department of Commerce of the antidumping and countervailing duty investigations of certain hardwood plywood products imported from China.
“Our company, as members of the Coalition for Fair Trade of Hardwood Plywood, is pleased with the results of this ruling,” said Joe Gonyea, III, Co-Chair of the Board for Timber Products. “This strong ruling publicly reinforces what we have known for years about unfair Chinese subsidies and dumping of inferior products into the U.S. Market. Our domestic producers can finally compete on an even playing field.”
In April 2017, the Department of Commerce preliminarily found that the Government of the People’s Republic of China was unfairly subsidizing its hardwood plywood producers and imposing countervailing subsidies on its hardwood plywood exports. At that time, the preliminary countervailing duties ranged from 9.89 to 111.09 percent, and in June 2017, announced preliminary antidumping duties of 57 percent or higher. In November 2017, the Department of Commerce adjusted the margin calculations for the final determination, increasing the rates for anti-dumping to 183.36 percent, and increasing the rates for countervailing duties to range between 22.98 to 194.90 percent.
The antidumping and countervailing duty cases were filed on behalf of the Coalition for Fair Trade of Hardwood Plywood, a group of six producers and manufacturers that are committed to safeguarding the U.S. hardwood plywood industry and its thousands of workers.
Founded in 1918, Timber Products Company produces a wide range of diversified wood products. Best known for its hardwood plywood, the company is committed to environmental sustainability and offers a fully integrated approach to manufacturing with company-owned forestland, nine manufacturing facilities, an import division and a nationwide transportation division.