Fujifilm Statement on Department of Commerce’s Calculation of Proposed Duties on Aluminum Lithographic Printing Plates By Investing.com

HANOVER PARK, ILL, Sept. 23, 2024 (GLOBE NEWSWIRE) — FUJIFILM North America Corporation, Graphic Communication Division, today released the following statement from Hidetoshi (Toshi) Kino, general manager, Graphic Communication Division, FUJIFILM North America Corporation, regarding the U.S. Department of Commerce (DOC) final calculation on the size of the antidumping (AD) and countervailing duties (CVD) on imports of aluminum lithographic printing plates from Japan and China:

Fujifilm vigorously opposes the imposition of additional tariffs on imports of aluminum lithographic printing plates, which are already increasing costs for the entire printing plate market, as well as for every American industry, business, and consumer that relies on products and materials that printing plates produce.

During the International Trade Commission (ITC) proceeding on September 17, a large cross-section of our customers and industry representatives voiced their respective concerns and objections to the proposed additional antidumping and countervailing duties. Eastman Kodak Company (Kodak), the petitioner of this case, is the only entity that benefits from these duties, at the expense of the entire printing plate market and the American businesses that rely on printing plates.

It is important to note that today’s announcement does not affect whether the ITC will ultimately decide to implement the duties. The ITC will vote and render its decision on October 22, and will issue a written rationale for its decision on November 4.

Fujifilm is a long-standing and responsible market provider of aluminum lithographic printing plates. Our success in the U.S. printing plates market has been the result of our commitment to innovation and our customers, who clearly purchase our aluminum lithographic printing plates because of its innovative technology and superior features and benefits.

We will continue to fight against the imposition of the duties on behalf of our customers, as well as on behalf of the U.S. newspaper, printing, and publishing industries, and every business that directly or indirectly relies on aluminum printing plates. It is our mission to protect print and the print industry at large.

In fall of 2023, Kodak filed a petition with the DOC and the ITC seeking the imposition of duties on aluminum lithographic printing plates imported from Japan and China. Today, September 23, the DOC issued its final calculation on the size of the proposed AD and CVD duties: 91.83 percent on aluminum lithographic printing plates imported from Japan and a combined AD and CVD rate of 151.51 percent on aluminum lithographic printing plates imported from China. On October 22, the ITC will vote and render its decision in the printing plate case. If, after its investigation, the ITC determines that there was no material injury to Kodak caused by aluminum lithographic printing plate imports from Japan and China, the duties that were imposed will terminate automatically.

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About Fujifilm
FUJIFILM North America Corporation, a marketing subsidiary of FUJIFILM Holdings America Corporation, consists of six operating divisions. The Imaging Division provides consumer and commercial photographic products and services, including silver halide consumables; inkjet consumables; digital printing equipment, along with service and support; personalized photo products fulfillment; film; one-time-use cameras; and the popular INSTAX ® line of instant cameras, smartphone printers, instant film, and accessories. The Electronic Imaging Division markets its GFX System and X Series lines of mirrorless digital cameras, lenses, and accessories to provide a variety of content creation solutions for both still and moving imagery. The Optical Devices Division provides optical lenses for the broadcast, cinematography, closed circuit television, videography, and industrial markets, and also markets binoculars and other optical imaging solutions. The Graphic Communication Division utilizes its extensive industry knowledge to develop fully supported traditional and digital print solutions for industries including commercial print, wide format, and packaging with its comprehensive line of digital inkjet presses, production toner printers, and software. The Industrial Products Division delivers new products derived from Fujifilm technologies including data storage tape products, including OEM and FUJIFILM Ultrium LTO cartridges, desalination solutions, microfilters and gas separation membranes. The Non-Destructive Testing Division delivers radiography solutions to ensure high accuracy inspection of transportation infrastructure, and assets within aerospace, and oil and gas industries.

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FUJIFILM Holdings Corporation, headquartered in Tokyo, leverages its depth of knowledge and proprietary core technologies to deliver innovative products and services across the globe through the four key business segments of healthcare, electronics, business innovation, and imaging with over 70,000 employees. Guided and united by our Group Purpose of giving our world more smiles, we address social challenges and create a positive impact on society through our products, services, and business operations. Under its medium-term management plan, VISION2030, which ends in FY2030, we aspire to continue our evolution into a company that creates value and smiles for various stakeholders as a collection of global leading businesses and achieve a global revenue of 4 trillion yen (29 billion USD at an exchange rate of 140 ). For more information, please visit: www.fujifilmholdings.com.

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Christine JackmanFUJIFILM Holdings America Corporation9142614959christine.jackman@fujifilm.com

Source: FUJIFILM Holdings America Corporation