Mar 22 2013
The U.S. International Trade Commission (ITC) today unanimously ruled that unlawful pricing by Chinese producers of drawn stainless steel sinks caused material injury to ELKAY Manufacturing Company and other domestic producers of drawn stainless steel sinks.
This affirmative vote is the final ruling by the ITC in the international trade investigations related to drawn stainless steel sinks from China. As a result of today's vote, the anti-dumping and countervailing subsidy duties placed on Chinese imports by the Department of Commerce (DOC) are final for an initial five-year period. Four individual Chinese producers received combined rates ranging from 30.46 percent to 52.13 percent while 19 cooperating producers received a rate of 42.06 percent. Non-cooperating Chinese producers received a rate of 85.04 percent.
ELKAY Manufacturing Company welcomes today's decision, which is in response to anti-dumping and anti-subsidy petitions filed by the company in March 2012, on behalf of U.S. stainless steel sink manufacturers. This vote follows a DOC final ruling last month that states Chinese producers are selling drawn stainless steel sinks in the U.S. at less than fair value and that Chinese producers are being subsidized by the Chinese government.
"Today's decision by the International Trade Commission represents a big win for the U.S. sink industry, ELKAY employees and consumers," remarks Tim Jahnke , president and CEO of ELKAY Manufacturing Company.
Jahnke continues, "We undertook this action because we are committed to U.S. manufacturing jobs which benefit our employees, their families, and the communities in which we operate. While the subsidization and dumping of Chinese sinks into the U.S. at illegal prices jeopardized American jobs, we are confident that this ruling will restore a level, competitive playing field that enables ELKAY and other U.S. stainless steel sink manufacturers to continue investing in America to produce high-quality, innovative products."
For more than 90 years, ELKAY has been an innovative manufacturer of stainless steel sinks and faucets for residential and commercial use. Headquartered in Oak Brook, Illinois, ELKAY expanded its commercial offerings over four decades ago to include efficient water coolers and drinking fountains, and in 2010, introduced the award-winning EZH2O® rapid bottle filling stations. Additionally, ELKAY is one of America's leading cabinetmakers with eight brands in the marketplace.
Source: http://www.elkay.com/