CF Industries Holdings, Inc. Announces Petitions Seeking Remedies for Unfairly Traded Imports of UAN from Russia & Trinidad &...
01 July 2021 - 7:45AM
Business Wire
CF Industries Holdings, Inc. (NYSE: CF), through certain of its
production facilities, today filed petitions with the U.S.
Department of Commerce (“Commerce”) and the U.S. International
Trade Commission (“ITC”) requesting the initiation of antidumping
and countervailing duty investigations on imports of urea ammonium
nitrate solutions (“UAN”) from Russia and Trinidad and Tobago
(“Trinidad”).
CF Industries, which is the largest producer of UAN in the
United States, requested the investigations due to the harm the
domestic UAN industry has experienced from dumped and unfairly
subsidized UAN imports from Russia and Trinidad. CF Industries
filed its petitions under United States antidumping and
countervailing duty laws, which authorize Commerce to level the
playing field for domestic industries injured by foreign imports
that are dumped and unfairly subsidized. If Commerce and the ITC
make affirmative determinations, then Commerce can impose duties
equal to the level of dumping and unfair subsidies.
“For too long, UAN producers in the United States, who are among
the most efficient in the world, have competed on an uneven playing
field due to dumped and unfairly subsidized imports from Russia and
Trinidad,” said Tony Will, president and chief executive officer,
CF Industries Holdings, Inc. “The duties we are seeking will
restore fairness to our highly competitive industry and help ensure
that American UAN producers remain a reliable source of fertilizers
for American farmers for years to come.”
In the coming weeks, the U.S. Department of Commerce will decide
whether to initiate investigations to determine the extent of
dumping and unfair subsidies associated with imports from Russia
and Trinidad and Tobago; and the U.S. International Trade
Commission will initiate a concurrent investigation to determine
whether such imports materially injure the U.S. industry. CF
Industries intends to participate actively in proceedings before
both agencies.
About CF Industries Holdings,
Inc.
At CF Industries, our mission is to provide clean energy to feed
and fuel the world sustainably. With our employees focused on safe
and reliable operations, environmental stewardship, and disciplined
capital and corporate management, we are on a path to decarbonize
our ammonia production network – the world’s largest – to enable
green and blue hydrogen and nitrogen products for energy,
fertilizer, emissions abatement and other industrial activities.
Our nine manufacturing complexes in the United States, Canada, and
the United Kingdom, an unparalleled storage, transportation and
distribution network in North America, and logistics capabilities
enabling a global reach underpin our strategy to leverage our
unique capabilities to accelerate the world’s transition to clean
energy. CF Industries routinely posts investor announcements and
additional information on the company’s website at
www.cfindustries.com and encourages those interested in the company
to check there frequently.
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version on businesswire.com: https://www.businesswire.com/news/home/20210630006006/en/
Media Chris Close Director, Corporate Communications
847-405-2542 – cclose@cfindustries.com
Investors Martin Jarosick Vice President, Investor
Relations 847-405-2045 – mjarosick@cfindustries.com
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