11.03.2010

Bridon freed of anti dumping duties in SA

South Africa has lifted its anti dumping duties on wire rope manufacturer Bridon International after six and a half years.

The Constitutional court in Johannesburg, confirmed that anti-dumping duties lapse on the expiry of the statutorily determined period of five years plus 18 months.

It also overturned the decision of the High court that prevented International Trade Administration Commission (ITAC) and the ministers for trade and finance from enacting ITAC’s recommendation to lift the anti-dumping duties on sales of Bridon’s products in the South African customs union.

ITAC’s recommendation followed a thorough investigation that found that Bridon had not dumped steel wire rope and that there was no likelihood of future dumping.

Jon Templeman, chief executive of Bridon said “I believe that this decision will open the South African market for steel wire ropes to increased competition which can only be of benefit to South African consumers of our products. We look forward to meeting with customers old and new and serving the South African market for many years to come.”