PARSIPPANY, N.J., Aug. 11, 2008 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced that the United States International Trade Commission (ITC) has voted unanimously that imports of sodium nitrite were causing material injury to the lone U.S. producer of sodium nitrite, General Chemical LLC, a wholly owned subsidiary of GenTek. The affirmative vote, sustaining General Chemical's claim, means that German imports will be subject to an antidumping duty order, which requires that imports of sodium nitrite produced in Germany by BASF post cash deposits equal to 247.00 percent of the FOB price. All other imports from Germany must post cash deposits of 150.82 percent. Imports from China are now subject to antidumping duties equal to 190.74 percent of the FOB price and countervailing duties to offset the unfair advantage of governmental subsidies equal to 169.01 percent.
Commenting on today's ruling, William E. Redmond, Jr., President and Chief Executive Officer of GenTek, stated, "Imports from Germany and China priced at less than fair value and subsidized imports from China have had a significant adverse impact on our business in the past and on our company's investment in the sodium nitrite industry. We are confident that as a result of today's ruling, General Chemical will be better positioned to compete vigorously in its sales of sodium nitrite and deliver materially better results on the company's investments in the business."
General Chemical was represented by James R. Cannon, Jr. of the Williams Mullin firm in Washington, D.C. and by James Imbriaco, GenTek's Vice President and General Counsel.
About GenTek Inc.
GenTek provides specialty inorganic chemical products and valve actuation systems and components for automotive and heavy duty/commercial engines. GenTek operates over 50 manufacturing facilities and technical centers and has approximately 1,500 employees.
GenTek's 2,000-plus customers include many of the world's leading manufacturers of cars and trucks and heavy equipment, in addition to global energy companies and water treatment facilities. Additional information about the Company is available at www.gentek-global.com.
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