Southwire Provides Comment in Support of U.S. Department of Commerce Ruling on Aluminum Wire and Cable Imports
Carrollton, GA – April 4, 2019: Following the U.S. Department of Commerce’s (“Commerce”) preliminary affirmative determination in its countervailing duty (CVD) investigation of Aluminum Wire and Cable imports from China on Tuesday, Southwire shared the following commentary: “Southwire supports Commerce’s preliminary determination in the CVD investigation of aluminum wire and cable imports from China,” said Norman Adkins, Southwire’s Executive Vice President and Chief Commercial Officer. “Our nearly seven decades of success as a wire and cable producer are proof of Southwire’s ability to fairly compete with foreign producers. We have long been a believer in the power of free trade, and these findings better allow us to compete with Chinese producers of wire and cable on a level playing field.”
This CVD investigation addresses imports of aluminum wire and cable products from China in the 80-1000V range. These products include insulated wires and cables that are used across residential, commercial and industrial applications. In its findings, Commerce determined that Chinese wire and cable manufacturers received countervailable subsidies from the Chinese Government ranging from 11.57 to 164.16 percent.
As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect cash deposits from importers of such aluminum wire and cable products from China based on these preliminary rates. The investigation is expected to conclude by the end of the year.
“This is tremendous news for the domestic wire and cable industry as a whole,” said Adkins. “With this announcement by the U.S Department of Commerce, we, as U.S. manufacturers, now have protections against imported products from Chinese manufacturers who engage in unfair trade practices. We want our customers to have the best product at the best price, and this helps to uphold that objective.”
To learn more about Southwire’s efforts to give back in our local communities, visit Southwire Community on Facebook.
A leader in technology and innovation, Southwire Company, LLC is one of North America’s largest wire and cable producers and an emerging influence in the industrial electrical space. Southwire and its subsidiaries manufacture building wire and cable, utility products, metal-clad cable, portable and electronic cord products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment and hand tools. For more on Southwire’s products, its community involvement and its vision of sustainability, visit www.southwire.com.
©2019 Southwire Company, LLC. All Rights Reserved