Stanley Furniture Gets First Cut of $40M from Duties

April 17, 2012  by in UnCategorized   

By Aggregated Content in Case Goods on April 18, 2012 from http://www.woodworkingnetwork.com/news/woodworking-industry-news/Stanley-Furniture-Gets-First-Cut-of-40M-in-Antidumping-Duties-147836845.html

Stanley Furniture Company Inc. has received $9.5 million in antidumping duties collected on wooden bedroom furniture imported from China.

Stanley, which reduced its first quarter operating loss to $984,000 compared to a loss of $3.4 million in first quarter of 2011, said it will receive an additional $30.5 million of Continued Dumping and Subsidy Offset Act (CDSOA) proceeds for funds that were previously withheld under the wood bedroom furniture antidumping duty order.

Read Full Article...