Mercury responds to ITC report
FOND DU LAC, Wis. – Mercury Marine has released a statement responding to a report issued by the U.S. International Trade Commission earlier this week in which the ITC explained its February ruling that dumping by the Japanese outboard engine manufacturers had not harmed the domestic industry.
“We filed the petition because we were certain it was the appropriate action at the time, and I continue to believe our actions were honest and correct,” said Patrick C. Mackey, president of Mercury Marine, in the statement. “That has been our stance from the start.
“A three-to-three vote would have resulted in a ruling in our favor, and it remains a mystery why the commission voted by the narrowest 4-2 margin that the domestic industry was not harmed.”
The four-to-two ITC majority ruled that, while underselling by the Japanese industry existed, underselling was responsible for neither the importers’ increased market share nor the demise of Outboard Marine Corp.
Mercury Marine said it is concentrating on future projects and developments rather than lamenting the ITC’s decision.
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