News Release from Titan International, Inc.
August 21, 2007 ITC VOTES TO CONTINUE INVESTIGATION IN
TITAN’S PETITION AGAINST OTR TIRES FROM CHINA
QUINCY, Ill.-The International Trade Commission determined on Monday, August 20, that there is reasonable indication to continue Titan International Inc.'s case regarding antidumping and countervailing duty investigations on new pneumatic off-the-road tires from China. Petitions were filed jointly by Titan and the United Steelworkers union in June 2007.
"We are very encouraged that the Commerce Department voted to proceed with the investigation, 6-0," said Titan Chairman and CEO Maurice M. Taylor Jr. "We still have a long way to go, but the important part of this whole process is determining what is fair and lawful. The American working men and women can be as competitive as anyone in the world, but when foreign governments subsidize and carry unlawful trade practices, then the U.S. government must even the playing field."
Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles and trailers) applications.
Contact: Courtney Leeser
Communications Coordinator
(217) 221-4489 |
