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ACROSS THE BOARD

ACROSS THE BOARD

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Deadline: 10th of the previous month. Questions? Call (714) 486-2735.

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WANTED TO BUY Seeking 2 Sales Professionals

We are a leading hardwood and softwood trading company with worldwide sales exceeding $80,000,000 annually. We broker plywood, flooring, green and kiln dried softwoods, green and kiln dried hardwoods, and manufactured wood products globally as well as sell our own hardwood lumber from our manufacturing facility. In addition to a 401k plan and a medical insurance plan, we offer a generous 50/50 split on all sales prots. We are seeking candidates to filltwo positions. Your location does not matter as these are work from home positions. This is a rare opportunity to join an active, successful sales team with truly unlimited income potential. We seek aggressive, smart and creative people to help us grow our global markets and enjoy significan income.

Email resumé attention “Sales Position” to dkoenig@526mediagroup.com.

WOOD ADHESIVES TO EXPAND THROUGH THE DECADE

The global market for wood adhesives should grow an average of 4.73% annually over the next eight years, from a value of $5.27 billion in 2021 to $7.99 billion by 2030, predicts Straits Research.

The most common type has been urea-formaldehyde (UF), which accounted for 37.8% of total wood adhesive sales in 2018.

With a revenue share of 47.2% in 2018, furniture was the most popular application. By volume, plywood held a market-high 29.5% share.

With 46.7% of global sales in 2018, Asia Pacific came in first. Over the next eight years, APAC is expected to maintain its supremacy. The rapid growth of the population in APAC countries, combined with a high demand for affordable housing and government initiatives to promote basic necessities, such as food and shelter, has fueled the growth of the construction industry in the region, which is expected to boost the wood adhesives market over the forecast period.

Growth is expected to continue strongest in emerging economies such as China, India, Brazil and Mexico. Due to less severe laws and data needs, the regulatory policies in the APAC area are more adaptable and business-friendly than those in other regions.

Because the leading players in the wood adhesives market are interested in sustainability, one of the important trends in the industry is the shift toward products with low volatile organic compound (VOC) content. Wood adhesives with low VOC emissions are better for the environment than solvent-based varieties.

NEW CANDIAN SOFTWOOD DUTIES GO INTO EFFECT

The U.S. Department of Commerce has issued its final third administrative review to reduce duties on shipments of Canadian lumber into the U.S. by more than half from 17.99% to 8.59%.

Continuation of the tariffs was applauded by the U.S. Lumber Coalition. “The trade laws duties announced by the Commerce Department will help offset Canada’s unfair trade practices,” said Andrew Miller, Coalition chairman and CEO of Stimson Lumber. “The benefit of the trade cases against Canada are clear. Trade law enforcement boosts American manufacturing and results in more U.S. lumber being produced by U.S. workers to build U.S. homes.”

Others, including National Lumber & Building Material Dealers Association and National Association of Home Builders, vowed to keep fighting to reduce if not eliminate the tariffs. They were heartened by U.S. Trade Representative Katherine Tai saying that the Biden Administration was “open and interested” in negotiating a new softwood lumber agreement.

“NLBMDA is encouraged by the Biden Administration’s willingness to go on the record in support of renewed softwood lumber negotiations with Canada,” said NLBMDA president/CEO Jonathan Paine. “Now, the Administration must back up their words with action by negotiating a fair agreement with Canada that reduces tariffs and brings stability to the pricing and availability of softwood lumber.”

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