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Bridon International Limited Welcomes Constitutional Court in Johannesburg’s Decision

Bridon International Limited (“Bridon”) welcomes the decisions made by the Constitutional Court in Johannesburg, South Africa (9th March 2010), firstly, confirming that Anti-Dumping duties lapse on the expiry of the statutorily determined period of 5 years plus 18 months and, secondly, to overturn the decision of the High Court that prevented International Trade Administration Commission (“ITAC”) and the Ministers for Trade and Finance from enacting ITAC’s recommendation to lift the anti-dumping duties on sales of Bridon’s products in the South African Customs Union.

This recommendation was the result of ITAC’s thorough investigations during the “sunset review” that found that Bridon had not dumped steel wire rope and that there was no likelihood of future dumping.

Jon Templeman, CEO of Bridon said “I believe that this decision will open the South African market for steel wire ropes to increased competition which can only be of benefit to South African consumers of our products.”

And continued, “Bridon looks forward to meeting with customers old and new and serving the South African market for many years to come.”

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