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U.S. International Trade Commission Extends Antidumping Order on Activated Carbon Imports from China

08.02.2013 | 17:30 Uhr | Business Wire


Calgon Carbon Corporation (NYSE: CCC) reported that the U.S.
International Trade Commission (ITC) announced today that the
antidumping order on imports of steam activated carbon imported into the
U.S. from China will remain in effect for at least five years.


Importers of Chinese activated carbon will be required to make cash
deposits of estimated antidumping tariffs when the carbon enters the
U.S. Tariff rates will be determined annually by the U.S. Department of
Commerce (DOC). At the end of the five-year period, the DOC and ITC will
conduct a second 'sunset? review to determine if the antidumping order
should be continued.


The current average tariff rate which, was announced by the DOC in
November of 2012, is $0.47 per pound and will remain in effect until
November 2013. Calgon Carbon′s tariff on activated carbon imported into
the U.S. from China is currently $0.00.


Randy Dearth, Calgon Carbon′s president and chief executive officer,
commented, 'We are very pleased with the ITC′s decision, and are
optimistic that during the next five years the antidumping order on
Chinese activated carbon will encourage fair market pricing that
reflects demand and manufacturing costs for activated carbon produced in
the U.S.?


Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is
a global leader in services and solutions for making water and air safer
and cleaner.


For more information about Calgon Carbon′s leading activated carbon and
ultraviolet technology solutions for municipalities and industries,
visit

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.


Calgon Carbon Corporation

Gail A. Gerono, Vice President, Investor
Relations and Communications, 412-787-6795

Fax 412-787-4511

 
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