Stanley Furniture Gets First Cut of $40M in Antidumping Duties

April 17, 2012  by in UnCategorized   

By Aggregated Content in on April 18, 2012 from http://c.moreover.com/click/here.pl?z6313154947&z=1250249032 STANLEYTOWN, VA - Stanley Furniture Company Inc. has received $9.5 million in antidumping duties collected on wooden bedroom furniture imported from China. Stanley Furniture, 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. According to Micah Goldstein, chief operating and financial officer, "As we have said many times before, we do not need these funds to

Read Full Article...