This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Appleton Hails Commerce Department Decision On Unfair Trade Practices

APPLETON, Wis., April 11, 2013 /PRNewswire/ -- Appleton Papers issued a response today following a final determination by the U.S. Commerce Department that Papierfabrik August Koehler AG (Koehler) deliberately coordinated with multiple parties to structure its sales, pricing and shipping procedures in a manner that would enable it to manipulate its sales prices of lightweight thermal paper (LWTP) reported to the Department.  In its final decision, the Department noted that Koehler admitted the transshipment scheme and its concealment of reportable data.

As a result of what the Commerce Department deemed "fraudulent conduct" and a "pattern of deception" by Koehler, the Department imposed a duty of 75.36% on LWTP sold by the German-based company into the U.S., a duty the Department proposed in its preliminary determination issued in December 2012. The Department established the duty based on its original notice of initiation in the case, corroborated by an actual dumping margin calculated for a U.S. sale reported by Koehler.

Importers of LWTP produced by Koehler must now post cash deposits in the amount of the 75.36% duty. Those deposits go to United States Customs and Border Protection. Appleton receives no part of the tariffs, nor does the company recover any damages associated with the unfair trade practices.  

"The Commerce Department confirmed that Koehler has been engaged in a scheme to defraud the Department by intentionally concealing certain home market transactions which should have been reported," said Mark Richards, Appleton's chief executive officer. "Koehler's actions were calculated and indefensible." Richards added, "We appreciate the Department's efforts to ensure fair competition for all producers who sell LWTP in the U.S. market. This kind of enforcement is critical to rebuilding the U.S. manufacturing base."

In 2008, the Commerce Department affirmed that Koehler sold LWTP into the U.S. at prices below fair value and imposed antidumping duties that are subject to an annual administrative review. Imports of Koehler's LWTP sold into the U.S. had been subject to a 4.33% duty deposit.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs