Company will continue to vigorously defend itself against unwarranted and onerous trade action
Richmond, B.C. – Catalyst Paper will continue to vigorously defend itself against an unwarranted and onerous U.S. trade action following today’s disappointing decision by the U.S. Department of Commerce that it will impose a 22.16% anti-dumping duty deposit on the company’s exports of uncoated groundwood paper products. Uncoated groundwood directory paper was excluded from the duty.
“We are very disappointed with this decision,” says Ned Dwyer, President & Chief Executive Officer. “This U.S. trade action is unwarranted and without merit.”
The DOC’s preliminary anti-dumping determination follows a Preliminary Determination made on January 8, 2018 that requires Catalyst to pay a 6.09% countervailing duty deposit on its exports of uncoated groundwood paper products. The Final Determination of both the countervailing duty and anti-dumping duty is expected on or around August 2, 2018.
Uncoated groundwood paper is a printing and writing grade of paper used in the production of paper products such as newspapers, directories, flyers, catalogues and books, and is produced at our Canadian mills
“Even with the exemption of directory paper, the remaining anti-dumping and countervailing duties are onerous and a critical cost challenge for Catalyst,” says Dwyer. “They pose a threat to our competitiveness and the sustainability of our business and we will continue to vigorously defend ourselves against them.”