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U.S. Department of Commerce Issues Final Tariffs on Activated Carbon Imports from China
PITTSBURGH, PA – 09/01/2016
Calgon Carbon Corporation (NYSE: CCC) announced that the Department of Commerce (DOC) has determined the amount of antidumping tariffs to be assessed on imports of steam activated carbon from China that entered the United States between April 1, 2014 and March 31, 2015.
Based on the new import tariff rates calculated for the two exporters analyzed in detail by the DOC – Jacobi Carbons AB of $0.798 per lb., and Datong Juqiang Activated Carbon Co., Ltd. of $0.009 per lb. – the new import tariff rate to be applied to the 17 additional entities that requested a separate tariff rate is $0.617 per lb. These new import tariff rates represent increases from the rates previously in effect – Jacobi Carbons AB of $0.476 per lb., Datong Juqiang Activated Carbon Co., Ltd. of $0.00 per lb., and the separate tariff rate of $0.476 per lb. The import tariff rate to be applied to entities that have not previously obtained a company-specific rate continues to be $1.10 per lb.
The DOC’s revision of the tariff rates has two effects. First, the new tariff rates become the cash deposit rate applied to future imports. Second, if a company deposited less than its new tariff rate on Chinese activated carbon imported during the period of review, it will be required to pay additional duties; conversely, if it deposited more than the new rate, it will receive a refund.
The announced tariffs may be modified to correct any errors made by the DOC. Calgon Carbon continues to be subject to the separate tariff rate with respect to steam activated carbon products it imports into the United States from China.
Randy Dearth, Calgon Carbon’s Chairman, President and Chief Executive Officer, said, “We believe the results of the DOC’s most recent review once again appropriately encourage fair competition and pricing for imported Chinese activated carbon products sold in the U.S.”
Pure Water. Clean Air. Better World.
Calgon Carbon Corporation is a global leader in innovative solutions, high quality products and reliable services designed to protect human health and the environment from harmful contaminants in water and air. As a leading manufacturer of activated carbon, with broad capabilities in ultraviolet light disinfection, the Company provides purification solutions for drinking water, wastewater, pollution abatement, and a variety of industrial and commercial manufacturing processes.
Calgon Carbon is the world’s largest producer of granular activated carbon and supplies more than 100 types of activated carbon products – in granular, powdered, pelletized and cloth form – for more than 700 distinct applications. Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon Corporation employs more than 1,100 people at 15 manufacturing, reactivation, and equipment fabrication facilities in the U.S., Asia, and in Europe, where Calgon Carbon is known as Chemviron Carbon. The company also has more than 27 sales and service centers throughout the world.
For more information about Calgon Carbon’s leading activated carbon and ultraviolet technology solutions for municipalities and industries, visit calgoncarbon.test.
This news release contains historical information and forward-looking statements. Forward-looking statements typically contain words such as “expect,” “believe,” “estimate,” “anticipate,” or similar words indicating that future outcomes are uncertain. Statements looking forward in time, including statements regarding future growth and profitability, price increases, cost savings, broader product lines, enhanced competitive posture and acquisitions, are included in the company’s most recent Annual Report pursuant to the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. They involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to be materially different from any future performance suggested herein. Further, the company operates in an industry sector where securities values may be volatile and may be influenced by economic and other factors beyond the company’s control. Some of the factors that could affect future performance of the company are higher energy and raw material costs, costs of imports and related tariffs, labor relations, availability of capital and environmental requirements as they relate both to our operations and to our customers, changes in foreign currency exchange rates, borrowing restrictions, validity of patents and other intellectual property, and pension costs. In the context of the forward-looking information provided in this news release, please refer to the discussions of risk factors and other information detailed in, as well as the other information contained in the company’s most recent Annual Report.
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Contact
Dan Crookshank
Director – Investor Relations
Direct Dial: 412-787-6795
dcrookshank@calgoncarbon.com