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China International Marine Containers (Group) Co., Ltd. in the United States about the media coverag
Release date:2014-05-23 10:35

Provide third-country re-export services


The Company and all members of the Board to ensure that the announcement is true, accurate and complete, not false records, misleading statements or material omissions.

First, the media reported the case

Recently, Phoenix, Xinhua, Sina and other media issued a "made in China, the United States launched dual investigations containers," the report mentioned in the above report the following:

"The U.S. Commerce Department announced on the 14th of imports from China 53 feet dry container initiated anti-dumping and countervailing duty (" dual ") investigation.

The U.S. Commerce Department said the United States initiated the investigation in response to complaints Stoughton towing companies, involving products for external length of about 53 feet (about 16 meters) enclosed large container, mainly for combined rail and road transport of goods. The company said that Chinese exports to the U.S. such containers of dumping, dumping margin of 84.07 percent, while government funding subsidy rate Chinese producers and exporters have received exceeds the allowable range.

According to the U.S. program, the U.S. International Trade Commission will make a preliminary investigation after June 9. If the Commission ruled that imports of these products from China to the United States caused substantial damage related industries, the U.S. Department of Commerce will continue to conduct a "double reverse" investigation.

According to the U.S. Department of Commerce data, the amount of such products imported from the United States in 2013 was $ 184 million Chinese.

Chinese Ministry of Commerce repeatedly expressed the hope that the U.S. government abide by the commitment to oppose trade protectionism, and jointly safeguard the free, open and fair international trade environment, with a more rational approach to properly handle trade frictions. "

Second, the description of the company's situation

The company will "double reverse" investigation of the circumstances described above as follows:

The company is one of the "double reverse" investigation object. 2013, 53 feet dry container sales revenue of the Group's exports to the U.S. amounted to 640,448.36 thousand, accounting year of the Group's container segment sales 3.01% and 1.11% of the total revenue and the Group's total revenue.

If the U.S. Department of Commerce and the U.S. Trade Commission, after investigation, ruled that 53-foot dry container from China to impose anti-dumping and countervailing duties, export duties of the Group of 53 feet dry container U.S. may significantly increase, thus affecting the export business of the product.
 

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