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WASHINGTON — Two Asian tire makers with U.S.-based manufacturing — Hankook Tire & Technology Ltd. and Sumitomo Rubber Industries Ltd. — are both urging the U.S. to reconsider the imposition of antidumping duties on passenger and light truck tire imports from South Korea, Taiwan, Thailand and Vietnam.
In testimony prepared for today's International Trade Commission (ITC) hearing on the proposed duties, representatives of both companies are set to tell the agency that imposing antidumping duties on the subject tires will have negative impacts on their companies and will not lead to increased production of lower-tier tires.
Curtis Brison, U.S. passenger car and light truck sales vice president at Hankook Tire America Corp., said, "…a global tire manufacturer like Hankook cannot practically and efficiently rely on a single U.S. manufacturing facility to produce all of the many tire models demanded by our U.S. customers.