Marshall Trexler CEO included in “Forbes” magazine article | Business
Despite tariffs of 10% and 25%, Chinese companies continue to significantly affect one industry: furniture manufacturing.
Mark A. Trexler, CEO of Marshall’s Master Woodcraft Cabinetry, was recently included in an article in “Forbes” magazine on the subject of tariffs and the fight to beat China.
âI’m not going to sit on the sidelines and let another industry sink and be destroyed by the Chinese,â Trexler said earlier this week.
Trexler, from North Carolina, said he had seen the Chinese market cut hundreds of jobs in that state, saying the losses also affected the textile and women’s hosiery industries.
In the lumber business for 42 years, including about 22 in the furniture business, Trexler took action when he noticed the trend was starting to affect his cabinetry business.
âI’m part of the American Kitchen Cabinet Alliance, and they’ve filed a complaint against the Chinese for dumping,â Trexler said. âForty companies are under the alliance. I was a founding and founding member of AKCA.
He added that the AKCA recently received a 4-0 vote in its favor again against China, with another vote slated for July.
The case involves two lawsuits, one for dumping and another for trade, Trexler said. They are asking for tariffs of over 200% in order to successfully stop the Chinese takeover of the industry.
âTrump can make a deal, but he could change it two weeks later. This deal will last for five years, âTrexler said of the AKCA’s claim (lawsuit).
“Dumping” is the term used when the Chinese market “drops prices” to a very low point in order to crowd out American manufacturers, according to Trexler.
âEven if I had robots and no manpower, they would still beat me by 30% or 40%. What they are doing is they are cutting prices below what American industries can afford. They want you to go bankrupt, âhe said.
In Marshall and Jefferson, Trexler said there are about 900 jobs at stake, if the Chinese are successful.
Trexler said its business has declined 7% in the past two years.
Master Woodcraft Cabinetry has manufacturing facilities in Marshall and Jefferson and comprises a total of over 600,000 square feet of manufacturing space and over 300,000 square feet of warehouse space.
According to the company’s website, www.mwccabinetry.com, all of Trexler’s wood materials are of American origin.
Trexler wrote an opinion piece on the impact of the Chinese market on the furniture industry, and it was also published locally and in the “Washington Post” and “Forbes,” he said.
âOur goal is to protect this industry. It’s been a tough two years, but we’re trying to protect these jobs and these jobs across the United States, âTrexler said.
In 2017, China shipped $ 13.6 billion worth of furniture to the U.S. market. Vietnam shipped $ 3.8 billion and around $ 1.4 billion from Malaysia and Indonesia combined.
Other countries like Mexico and Taiwan shipped an additional $ 1.5 billion to the United States in 2017, according to an article published in July 2018 on www.furnituretoday.com.
In the United States, the home furniture manufacturing sector is a $ 26 billion industry, according to a report from www.ibisworld.com.