China probes dumping by Fanuc and 9 other foreign tool makers- Nikkei
16/11/2018 24:25
Nov 16 (Reuters) - China's Ministry of Commerce has begun an
investigation into alleged dumping of machine tools by
manufacturer Fanuc Corp 6954.T and four other Japanese
companies, The Nikkei Asian Review reported on Friday.
The probe began following a request from Beijing Jingdiao
Group and two other Chinese machine tool makers that make
products for smartphone parts, Nikkei said. The investigation is
also believed to cover five Taiwanese machine tool makers and 10
Chinese trading houses. (https://s.nikkei.com/2Fpov7Q)
Fanuc has denied any wrongdoing. The four other targeted
Japanese companies include Okuma 6103.T , Brother Industries
6448.T , Yamazaki Mazak and Jtekt Corp 6473.T , Nikkei
reported.
The inquiry will be wrapped up by October 2019, after which
tariffs or other measures will be imposed should the authorities
conclude that the companies engaged in dumping, Nikkei said.
(Reporting by Ambar Warrick in Bengaluru; Editing by Sam
Holmes)
((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))