Paslode Fair Pricing Confirmed by DOC/ITC
August 14 2008 - 11:26AM
PR Newswire (US)
VERNON HILLS, Ill., Aug. 14 /PRNewswire/ -- Paslode, a leading
producer of pneumatic and cordless fastening products, has been
fully exonerated by the U.S. Department of Commerce ("DOC") of
accusations that it "dumped" nails in the US market that it
produces in China. On June 16, the DOC published its final finding
regarding the antidumping duty investigations on imports of steel
nails from China and the UAE. Nails from China (except for those
produced by Paslode) were found to be dumped in the USA; nails from
UAE were not, and on July 9, the US International Trade Commission
voted affirmatively that the petitioners are experiencing material
injury as a result of sales at less than fair value of imported
Chinese nails. "From the very beginning of this investigation, we
have maintained that our business practices were and are ethical
and fair," said Mark Boutelle, General Manager of Paslode. "Paslode
proudly produces nails in the U.S. and throughout the world. We
offer innovative products and services, fair pricing, and quality
that our end-users and channel customers can continue to rely on to
meet their needs." ITW (Paslode and Paslode Shanghai) was chosen as
a mandatory respondent in the case in September 2007, meaning that
its US and Shanghai facilities were subjected to on-site inspection
and audit by the Agency. In the final determination, DOC calculated
a zero percent duty rate on all Paslode fasteners manufactured in
China. The products covered in this finding include brite (framing
nails) and galvanized bulk nails, paper collated nails, plastic
collated nails, and coil nails (excluding roofing nails). Finish
nails and staples were excluded from the investigation. "Paslode
continues to plan ahead for the benefit of US customers and the US
market. In this regard, we are uniquely positioned to continue to
provide our customers with high quality and innovative fasteners,
excellent fill rates, and on-time deliveries despite possible
market uncertainty and price volatility," said Guenther Kram, Nail
Business Unit Manager of Paslode. Paslode continues to be a leading
domestic manufacturer of premium collated fasteners with four
plants in the United States. Paslode's US capacity is complemented
by a large and global ITW manufacturing base, with fastener plants
in Australia, Denmark, Canada, Malaysia, Korea, and Shanghai.
Paslode, a division of Illinois Tool Works Inc., is a leading
manufacturer of cordless and pneumatic nailers, staplers, and
fasteners. The company's products are widely used by professional
contractors and carpenters for framing, sheathing, trim and finish
applications, fencing, floor and roof decking, siding, and
insulation. DATASOURCE: Paslode CONTACT: Paul Fitzmaurice,
+1-443-413-6093, , for Paslode Web site: http://www.itw.com/
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