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Antidumping Petition Filed by Bearing Association

February 13, 2002

February 13, 2002 - WASHINGTON, D.C. - The American Bearing Manufacturers Association (ABMA) today filed a petition requesting that the federal government impose antidumping duties on ball bearings and ball bearing parts from the People’s Republic of China that are sold in the United States at unfair prices.

The ABMA is a non-profit association of U.S. producers of anti-friction bearings, spherical plain bearings, or major components thereof. It is the collective voice of the domestic bearing industry. The ABMA is represented in this matter by the law firm of Covington & Burling.

As discussed in the petition, the volume of Chinese ball bearings and parts imported into the United States is significant and increasing, having reached record levels in each of the past four years. These imports are being sold at unfair prices, with dumping margins on many sales well in excess of 100 percent. As a direct result of these aggressive and unfair pricing practices, Chinese ball bearing producers have captured an increasing share of the U.S. market. Domestic manufacturers have lost significant sales and have suffered serious price erosion. U.S. ball bearing production has dropped, and capacity utilization, wages and employment, profits, and investment have all been affected adversely. In short, the unfair pricing tactics of Chinese producers have materially injured the U.S. ball bearing industry and threaten even greater injury in the future.

Last year, the market for ball bearings and parts in the United States exceeded $2 billion. The federal government has found that a vibrant domestic ball bearing industry is of strategic importance to U.S. national defense and, more generally, to a strong national industrial base. If the unfair Chinese imports continue unabated, the ability of the U.S. ball bearing industry to fulfill these strategic roles will be undermined.

For more information, please contactHarvey M. Applebaum, HApplebaum@cov.com, 202.662.5626 or David R. Grace, DGrace@cov.com, 202.662.5368.

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