Timken Co. executives and three local congressmen testified before the U.S. International Trade Commission in Washington D.C. on Tuesday to urge the agency to renew 25-year-old anti-dumping duties on Chinese-made tapered roller bearings that compete with Timken’s products.
Timken president and CEO James W. Griffith testified that if the duties aren’t continued, the effect would threaten the survival of the company’s bearing business, resulting in the closure of several plants and layoffs of thousands of workers. The company employs a couple thousand bearings workers at its Gambrinus plant in Canton as well as several hundred in New Philadelphia and North Carolina.
“Indeed, given the multinationals’ operations in China and their well-established presence in the U.S., there is no product that Timken produces that would be safe from harm caused by dumped import competition,” said Griffith’s written testimony. “Revocation of the order would lead to a significant increase in imports from China, at prices significantly below prevailing U.S. prices, with a catastrophic result for the U.S. (tapered roller bearing) industry.”
To read the full article, click below.Timken, congressmen: keep anti-dumping duties »