Timken Receives Payment Under U.S. Trade Law

Resource from: www.timken.com Likes:3013

Feb 23,2004

The Timken Company has been notified by the U.S. Government it will receive an additional $7.7 million payment under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA). This amount is Timken's portion of the payment related to the Torrington bearing business acquired by Timken in February 2003. Timken will use the proceeds of the payment to continue reducing debt levels. The CDSOA provides for distribution of monies collected by U.S. Customs from antidumping cases to qualifying domestic producers where the domestic producers have continued to invest in their technology, equipment and people.

(www.timken.com)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Renault Samsung Recalls SM3 Over Rear Wheel Bearing Installation(pic)
Next SKF supplies bearing units for rotary printing machines for “Kansas City Star” newspaper（pic）

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.