Maui Pineapple Company, Ltd. (AMEX:MLP)–In a unanimous decision made earlier today in Washington, D.C., the U.S. International Trade Commission voted to extend the antidumping duties on canned pineapple from Thailand. The decision extends for another five years the unanimous decision made by the Commission in 1995 to levy tariffs on canned pineapple imported at less than fair value because of damage to the U.S. industry.
Douglas R. Schenk, President of Maui Pineapple Company, Ltd., said, “We are very pleased with the Commission’s decision and extend our thanks to the Commissioners and their staff for their diligence and professionalism. We also want to thank our co-petitioners, the ILWU, and our elected representatives for their support. The decision affirms U.S. and international trade laws which place penalties on illegal dumping. We and our union will continue to aggressively oppose illegal dumping by importers, which threatens our company and our employees’ jobs.”
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Schenk said the main benefit to Maui Pineapple is the assurance that importers will have to use fair pricing in the U.S. marketplace, which will allow us to compete effectively.
Maui Pineapple Company, Ltd., founded in 1909, is a Maui, Hawaii-based producer of premium quality canned pineapple, fresh whole pineapple and fresh cut pineapple products. It sells its products nationally under the 100% HAWAIIAN U.S.A. marked store brands, Hawaiian Gold® and other premium labels. It is a wholly owned subsidiary of Maui Land & Pineapple Company, Inc. (AMEX:MLP).
