Company Website:
http://www.calgoncarbon.com
PITTSBURGH -- (Business Wire)
Calgon Carbon Corporation (NYSE: CCC) announced that the Department of
Commerce (DOC) issued new tariffs on steam activated carbon from China
ranging from $0.018 to $1.10 per lb. These rates were based upon a
review of prices of Chinese activated carbon imported into the U.S. from
April 1, 2012 to March 31, 2013. These announced tariffs may be modified
to correct any errors made by the Commerce Department.
The average duty is $0.018 per lb. which replaces the average tariff
rate of $0.07 that had been in effect. Calgon Carbon’s tariff with
respect to product it imports into the U.S. from China will be $0.018.
Revision of the tariff rates has two effects. First, these new rates
become the cash deposit rate applied to future imports. Also, if a
company deposited less than its new tariff rate on carbons imported
during the period of review, it will be required to pay additional
duties; conversely, if it deposited more than the new rate, it will
receive a refund.
Randy Dearth, Calgon Carbon’s Chairman, President and Chief Executive
Officer, commented, “We believe the tariffs will continue to encourage
fair competition and fair prices that reflect demand and manufacturing
costs for activated carbon products.”
Pure Water.Clean Air.Better World.
Calgon
Carbon Corporation (NYSE:CCC) is a global leader in innovative
solutions, high quality products and reliable services designed to
protect human health and the environment from harmful contaminants in
water, and air. As a leading manufacturer of activated carbon, with
broad capabilities in ultraviolet light disinfection, the Company
provides purification solutions for drinking water, wastewater,
pollution abatement, and a variety of industrial and commercial
manufacturing processes.
Calgon Carbon is the world’s largest producer of granular activated
carbon and supplies more than 100 types of activated carbon products -
in granular, powdered, pelletized and cloth form – for more than 700
distinct applications. Headquartered in Pittsburgh, Pennsylvania, Calgon
Carbon Corporation employs approximately 1,100 people at more than 15
manufacturing, reactivation, and equipment fabrication facilities in the
U.S., Asia, and in Europe, where Calgon Carbon is known as Chemviron
Carbon. The company also has more than 27 sales and service centers
throughout the world.
For more information about Calgon Carbon’s leading activated carbon and
ultraviolet technology solutions for municipalities and industries,
visit www.calgoncarbon.com.
This news release contains historical information and forward-looking
statements. Forward-looking statements typically contain words such as
“expect,” “believe,” “estimate,” “anticipate,” or similar words
indicating that future outcomes are uncertain. Statements looking
forward in time, including statements regarding future growth and
profitability, price increases, cost savings, broader product lines,
enhanced competitive posture and acquisitions, are included in the
company’s most recent Annual Report pursuant to the “safe harbor”
provision of the Private Securities Litigation Reform Act of 1995. They
involve known and unknown risks and uncertainties that may cause the
company’s actual results in future periods to be materially different
from any future performance suggested herein. Further, the company
operates in an industry sector where securities values may be volatile
and may be influenced by economic and other factors beyond the company’s
control. Some of the factors that could affect future performance of the
company are higher energy and raw material costs, costs of imports and
related tariffs, labor relations, availability of capital and
environmental requirements as they relate both to our operations and to
our customers, changes in foreign currency exchange rates, borrowing
restrictions, validity of patents and other intellectual property, and
pension costs. In the context of the forward-looking information
provided in this news release, please refer to the discussions of risk
factors and other information detailed in, as well as the other
information contained in the company’s most recent Annual Report.
Contacts:
Calgon Carbon Corporation
Gail A. Gerono, 412-787-6795
Vice
President – Investor Relations
ggerono@calgoncarbon-us.com
Source: Calgon Carbon Corporation
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