|
Parker Files Anti-Dumping Petition |
|
|
|
|
Tuesday, 15 April 2008 |
|
Parker Hannifin Corporation, the global
leader in motion and control technologies, recently filed a petition with the
U.S. Department of Commerce and the International Trade Commission alleging
unfair competition from the dumping of valves used in air conditioning systems
by two manufacturers in China.
Specifically,
the petition alleges that Sanhua group and DunAn group have and continue to
sell front-seating service valves for residential air conditioners into the
U.S. market at prices below their cost of production in China, an illegal trade
practice commonly referred to as "dumping". Parker is petitioning for
dumping penalties which will help to restore fair trade in the U.S. market.
By taking this action, Parker has taken a stand
against this illegal, detrimental, and unfair practice that has led to lost
jobs in the U.S., reveals the companys press release. Parker, which maintains
operations in 43 countries, supports trade between nations and welcomes every
opportunity to compete fairly for customers around the world. The company
employs more than 57,000 people. |