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Hankook, Laufenn tire prices rising

Hankook, Laufenn tire prices rising
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More politicians show support for duties on Asian tires

WASHINGTON — Eight U.S. representatives and 11 U.S. senators have come out in favor the U.S.'s imposing antidumping duties on passenger and light truck tire imports from South Korea, Taiwan, Thailand, and Vietnam.The congresspersons — all of whom are from states that have tire plants…

Congressmen s testimony split on tire antidumping case

Print WASHINGTON Congressmen from New York, North Carolina and Tennessee have weighed in on the U.S. government s antidumping investigation of consumer tire imports from South Korea, Taiwan, Thailand and Vietnam both for and against. Rep. Brian Higgins, D-N.Y., and Rep. Richard Hudson, R-N.C., support the United Steelworkers (USW) efforts to get antidumping duties imposed on passenger and light truck tires from the four affected Asian lands, while Rep. Mark Green, R-Tenn., opposes the effort. Higgins and Hudson s positions reflect the fact that Sumitomo Rubber USA Inc. and Goodyear, respectively, operate tire factories in their districts where the USW represents the work force.

Hankook, Sumitomo oppose duties on Asian-sourced tires

Print 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 the May 26 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.

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