Camso, formerly Camoplast Solideal, contests the U.S. Department of Commerce's preliminary ruling that it benefits from unfair government subsidies in its manufacturing of off-the-road tires in Sri Lanka.
The DOC plans to leverage a 2.9% tariff on OTR tires made in Sri Lanka.
The tire maker, which manufactures industrial tires in Sri Lanka, issued a statement saying it "firmly opposes this petition."
“We do not benefit from unfair subsidies and as such, believe the claim is without merit,” says Jay Dhillon, vice president of the North America Aftermarket Division. “We’re competitive in our pricing and operate with integrity to deliver what’s best for our clients: premium enhanced tires and tracks for OTR mobility solutions."
The preliminary ruling of the Department of Commerce comes following the petition put forth by Titan Tire Corp. and the United Steelworkers regarding countervailing tariffs against foreign off-the-road tire (OTR) makers in January of 2016.
“We want our clients to know there will be no price modifications in response to this preliminary ruling,” says Bob Bulger, vice president and general manager of Camso's Solideal On-Site Service. “We will observe a 6 six-month minimum notice of any price change when the final decisions on countervailing duties comes in January 2017."
For more information about Camso, visit camso.co.
