Timken to receive payment under U.S. trade law.
The Timken Company has been notified that it will receive payments of $39.7 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA). Timken expects to receive these payments in 2004 and to use these proceeds for general corporate purposes and to reduce debt. The payments include
The CDSOA provides for distribution of monies collected by U.S. Customs from antidumping cases to qualifying domestic producers that have continued to invest in their technology, equipment and people. It is the fourth year the company has received a payment under CDSOA.
A bearing manufacturer, Timken qualified for a distribution of monies based upon the company's consistent U.S. investments in production technology to remain competitive globally. During the past five years, the company has spent more than $250 million on research and development to support bearing and steel programs and improve manufacturing processes.
In addition, make sure to read these articles:
- Do I Need to Register a Trademark?
- Trademark Concerns of Small Businesses
- Documentation and Bond Requirements for International Trade
- International Trade: Issues and Effects of Implementing the Continued Dumping and Subsidy...
- Positive Non-Operating Items and Improved Operating Performance Expected to Impact...
- RBC Bearings Incorporated Receives Payments Under the U.S. Continued Dumping and Subsidy...
- Fine-tuning Timken: company unveils restructuring moves.
- Ingersoll-Rand to Sell Its Shares in The Timken Company for $147.6 Million.
- CLO Highlights Ways to Build Innovative Global Learning Cultures; Timken Company Develops...
- RBC Bearings Incorporated Announces Fiscal 2007 Third Quarter Results.
- Ingersoll-Rand Reports First Quarter 2003 Earnings of $153.2 million, or $0.90 Diluted EPS.
- The Timken Company. (Company News).
- TNT Contract Logistics and The Timken Company sign 5-year, $100 million agreement.
- Timken Reports 2006 Results, Strong Outlook for 2007.
- Emerson Reports Strong First QuarterResults.
Email
Digg It
del.icio.us
Related Resources
Press Releases
- Bye, Bye Byrd Amendment! CITAC Applauds Demise of the Continued Dumping and Subsidy Offset Act.
- RBC Bearings Incorporated Receives Payments Under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA).
- Washington Confronts Terrorism Locally, Worldwide at The 2004 Homeland & Global Security Summit March 31 - April 1.
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright © 2004 Diesel & Gas Turbine Publications
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
AllBusiness.com, its parent company D&B, and its affiliates.
