Copying and distributing are prohibited without permission of the publisher

(AMM) Amsted wins ITC exclusion order on Chinese railway wheels

February 23, 2010 - 16:08 GMT Location: CHICAGO

KEYWORDS: ITC , International Trade Commissio , China , cast steel railway wheels , Amsted Industries

Following a 17-month investigation, the U.S. International Trade Commission (ITC) has issued a limited exclusion order and cease-and-desist orders against Chinese exporters and American importers of certain cast steel railway wheels on the basis that trade secrets were stolen from Amsted Industries Inc.

"We welcome fair competition, but when someone takes our people, steals our proprietary intellectual property and sets their sights on competing against us with our technology," it is not fair, Stephen R. Smith, Amsted's vice president, general counsel and secretary, told AMM Tuesday. "That's how the ITC saw it as well. The decision speaks for itself (and) the exclusion order should serve its purpose."

Smith alleged that Chinese producers stole trade secrets by...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.


subscribe to this feed Comment & analysis

  • COMMENT: When super-cycle poster child BHP Billiton trims its plans...

    BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.

  • LORD COPPER: There is nothing to fear after JP Morgan loss ...

    So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.

  • COMMENT: Keep calm and carry on?

    The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?

Upcoming Events