March 26, 2013
Chinese-Owned Tides and Times Group USA
Expands in Charlotte, Will Add 30 Jobs
Tides and Times Group USA, Inc. (TTG), one of America’s largest exporters of hardwood lumber to Asia, announced today that it will expand its headquarters operation in Charlotte, adding 30 jobs. The Chinese-owned company operates hardwood sawmills and lumber-drying facilities in the U.S. as well as sales offices and a distribution center in Asia.
Since 2009, TTG has purchased, reopened and improved seven facilities in North Carolina, South Carolina and Virginia, including sawmills and hardwood dry kiln facilities. In doing so, the company has created approximately 200 jobs, more than 140 of which were added in the state of North Carolina over the past three years. TTG expects to expand its business to New York, Pennsylvania and other Northern states in the near future.
Jimmy and Grace Lee, principals of TTG, initially came to the U.S. in 2004 to source hardwood lumber from American lumber manufacturers. As the market changed, the company changed strategy and began marketing lumber in Vietnam. The company is now one of the major oak-flooring suppliers to the U.S. flooring industry and one of the major hardwood lumber suppliers to overseas markets, especially China and Vietnam. Nearly 40 percent of annual exports are from the sawmills in the Carolinas and Virginia.
TTG is grateful for the hospitality and support of the Charlotte Chamber, the Charlotte business community and the people of North Carolina.
For more information, please contact:
Charlotte Chamber | 330 South Tryon Street | Charlotte, NC 28202 | 704.378.1300 | www.charlottechamber.com