Zhitong Finance App News, CIMC (01839) announced that according to the previous announcement, the US Customs and Border Protection (“CBP”) received an application from the American Federation of Skeleton Vehicle Manufacturers on December 22, 2022, stating that the company's wholly-owned subsidiary CIMC Intermodal Equipment, LLC (hereinafter referred to as “CIE”) passed Dee Siam Manufacturing Co., Ltd. (hereinafter referred to as “DS Factory”), another wholly-owned subsidiary of the company, (Manufacturing business in Thailand) transports skeleton trucks and skeleton truck components imported from China through Thailand to avoid anti-dumping duties (AD) and countervailing duties (CVD) levied by the US on skeleton trucks and skeleton vehicle components imported from China. On July 24, 2023, CBP first notified the CIE, and on April 24, 2023, it initiated an investigation into the CIE in accordance with the Enforcement and Protection Act (“EAPA”). The CIE received notice from CBP to extend the publication date of the EAPA investigation results from February 18, 2024 to April 18, 2024. According to CBP related procedures, it will notify all relevant parties no later than 5 working days after the investigation results are made (that is, before April 25, 2024 US time).
The company received a notice from CBP regarding the results of this EAPA investigation on April 25, 2024, US time. According to the on-site verification situation and all recorded materials of this EAPA investigation, CBP determined that there was no substantial evidence that CIE evaded US anti-dumping duties (AD) and countervailing duties (CVD), that is, it determined that CIE did not import products containing skeleton cars and/or components from China into the US market; and CBP determined that the DS factory had evaded the transfer of skeleton trucks and skeleton car components produced in China through Thailand and exported to the US.
According to the announcement, the group has always followed the principle of fair competition to carry out global semi-trailer business, is committed to providing high-quality products and services to the Group's global customers, and will continue to attach great importance to and pay great attention to the healthy development of the industry in the countries and regions where the Group's customers are located. The results of this EAPA survey will benefit CIE's normal production and operation, and promote the steady development of the company's North American business after returning to normalization.