NEWS

Product advisories warning against buying or selling substandard, unsafe plywood from Brazil have been sent to U.S. importers and building code and homebuilder associations. The warnings are the result of a motion filed by a coalition of ten U.S. plywood companies against two licensing agencies, TPI and PFS-TECO, who certified the plywood as safe. U.S. tests showed massive failure rates.

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The Canada Border Services Agency has announced that it will initiate an antidumping and countervailing duty investigation into decorative and other non-structural plywood imported from China. For years, China has sold large volumes of decorative plywood in Canada at low prices.

If the CBSA issues a positive final determination, provisional duties may be imposed. In exceptional circumstances, antidumping duties may be imposed retroactively to June 11.

The U.S. Department of Commerce has officially begun an investigation into whether imports of hardwood plywood finished in Vietnam, but with components supplied by China, circumvent current antidumping and countervailing duties on hardwood plywood imported from China. If Commerce determines that these imports fall within the scope of current duties or circumvent current duties, the U.S. will begin collecting cash deposits on future imports.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XI: China's Exports Of Plywood & Wood Furniture Plummet | U.S. Hardwood Flooring Imports: Winners & Losers | Chinese Flooring Giant Opens Headquarters In U.S. | U.S. Housing Sector Poised To Lead Economic Recovery

An auction of the Idaho Veneer Company's sawmill, veneer mill, rolling stock, and other buildings will be held June 17-24 in Post Falls, ID.

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http://murphyauction.com/Auction/Details/8244

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