Boltex Mfg. Co. and Weldbend Corporation Urge U.S. Authorities to Scrutinize Possible Circumvention of U.S. Duties on Finished Carbon Steel Flanges

10-Nov-2017 Intellasia | BusinessWire | 9:00 PM Print This Post

Seek enforcement of U.S. Duties against Indian, Spanish and Italian
manufacturers to ensure a level playing field for American workers

ARGO, Ill. & HOUSTON–(BUSINESS WIRE)–Two leading producers of carbon steel flanges, Weldbend Corporation
(“Weldbend”) and Boltex Mfg. Co. (“Boltex”), today announced a
collective effort to push for further inspections and investigations
into illegal trade practices by foreign countries on the imports of
finished carbon steel flanges. The effort is in response to possible
continued unfair importing practices by Indian, Spanish and Italian
manufacturers despite recent determinations from the U.S. Government
confirming illegal dumping in the American market. Weldbend and Boltex
have requested that U.S. Customs and Border Protection (“CBP”) seek
further information about this potentially illegal activity.

American manufacturers have been increasingly injured by unfair
competition occurring in the U.S. carbon steel flanges market. Earlier
this year, the U.S. Department of Commerce (“Commerce”) issued
antidumping (“AD”) orders against the imports of finished carbon steel
flanges from India, Italy, and Spain, as well as a countervailing duty
(“CVD”) order against the same product from India. The orders resulted
from a government determination that these imports were causing injury
to the domestic flange industry by severely undercutting American market
prices.

Since the orders went into effect, rumors have surfaced about
circumvention and transshipment activity by foreign manufacturers of
finished carbon steel flanges to avoid the antidumping and/or
countervailing duties. Weldbend and Boltex have contacted the CBP
regarding possible illegal activities by Indian, Spanish and Italian
manufacturers and will be bringing evidence to the attention of the CBP
for the purpose of creating a level playing field between domestic and
foreign manufacturers.

While we applaud the decision by the Department of Commerce to issue
AD/CVD Orders on the imports of finished carbon steel flanges, foreign
companies should not be allowed to simply circumvent these orders. By
doing so, these foreign companies are negating the efforts of the
Department of Commerce and the U.S. International Trade Commission to

halt unfair and illegal trade practices,” says Frank Bernobich,
President of Boltex.

We are furthering our investigation of Indian, Italian and Spanish
producers to ensure that there is no circumvention of the new AD/CVD
Orders. We urge U.S. Authorities to support American manufacturers by
conducting their own investigation and enforcing the rule of law,

said James J. Coulas, Jr, owner and president of Weldbend Corporation.

In an executive order issued on March 31, 2017, President Trump noted,
“Importers that unlawfully evade antidumping and countervailing duties
expose United States employers to unfair competition and deprive the
Federal Government of lawful revenue.” Boltex and Weldbend look forward
to working with the CBP to ensure that the concerns expressed by the
President no longer apply to imports of finished carbon steel flanges.

About Weldbend Corporation

Weldbend is the industry leader with over 60 years of performance-
proven reputation. Weldbend pioneered advance techniques and designed
equipment uniquely capable of producing only the finest carbon steel
weld flange and weld fitting products. From start to finish, Weldbend
strives to be “The Standard” to which weld fittings and weld flanges are
manufactured, stored, organized, and shipped. Weldbend manufactures
stock for large inventories and prompt and precise shipments.

As a family business, Weldbend is committed to delivering a level of
service and product that achieves complete customer satisfaction.
Weldbend’s precision accuracy in machining and manufacturing makes it a
prime source of fittings and flanges from ½” through 60” sizes. Further
information about Weldbend can be found at www.weldbend.com.

About Boltex Mfg. Co., L.P.

Boltex is a vertically-integrated manufacturer of quality, American-made
forged steel flanges for the oil and gas, petrochemical, transmission,
engineering and construction industries. Our products are sold
exclusively through wholesale distributors. This integrated approach
allows Boltex to manage our in-house forging, heat treatment,
metallurgical testing and robotic machining processes and thereby ensure
the delivery of only the highest quality domestic flanges.

The Boltex commitment to quality is matched only by our on-time delivery
performance made possible by our extensive finished flange and rough
forging inventories. Further information about Boltex can be found at www.boltex.com.

Weldbend Corporation
6600 South Harlem Avenue
Argo, IL 60501-1930
 
Boltex Mfg. Co., L.P.
4901 Oates Road
Houston, TX 77013

Contacts

Media:
Gagnier Communications
Dan Gagnier/Patrick Reynolds
646-569-5862

 


Category: BusinessWire, PRAsia

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