No More TARIFF and Duty

 
ArteMundi_PressRelease.jpg

Arte Mundi USA, headquartered in California, in partnership with Arte Mundi headquartered in China, are officially announcing the expansion of our company’s engineered hardwood flooring manufacturing to California.

Our production equipment will have initial production capacity that’s estimated at 40,000 square feet daily. Arte Mundi USA will also be capable of producing custom flooring. This shortens the production lead time, reduces consumer inventory pressure and delayed production deadlines of custom flooring with varying finishes, widths, lengths, and coatings – all while effectively maintaining quality and color stability.

John Lee, CEO and Louis Kao, partner of Arte Mundi USA:

“The unknown trade war between the U.S. and China, the penalty tariffs, and countless issues the industry has faced creates a perfect environment to start production here in the U.S. Arte Mundi will still be manufacturing in China and shipping to the U.S., but at a cost that will need to adjust due to uncertain tariffs and duties. We feel that with all of the turmoil of the import duties, anti-dumping duties, and tariffs, it is time to make the move. Since the majority of our product’s veneers are from the U.S., it makes perfect sense to make them in the U.S. and not be faced with the additional tariffs we presently encounter.”

Arte Mundi USA will be in production by June 2019, and marketing primarily to OEM and private brands. With initial production slotted for 40,000 square feet a day, we anticipate that it will increase to four additional production lines by EOY 2020.

 
ArteMundi_TISETariffCombo.jpg
 

Visit us at the International Surface Event in Las Vegas 2019 Jan. 23-25 Booth# 2209.

 
Creative Squeeze