Osram drops EU call to extend Chinese bulb duties
19/08/2008 12:00
MUNICH, Aug 11 (Reuters) - German light bulb maker Osram is dropping calls to extend EU anti-dumping duties on Chinese energy-saving bulbs because it said there is no majority support for its position in Europe.
Osram, a unit of German engineering group Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz), last year persuaded the European Union to extend duties of up to 66 percent on the bulbs but only by a year instead of the usual five.
Osram recently asked for the duties to be extended, paving the way for another internal row within the EU in coming months.
Some commission officials have said the row was really about commercial advantage in the fast-growing market for energy-saving bulbs because Osram imported less of the product from China than Dutch rival Philips (PHG.AS: Quote, Profile, Research, Stock Buzz).
Osram said on Monday it plans to announce how the lifting of the anti-dumping duties will impact its European production in the coming weeks.
Dutch electronics group Philips and other producers also opposed extending the duties.
Environmentalists and some EU governments argued the duties should be scrapped because they run counter to the EU's drive to promote energy efficiency.
The European Union is planning to phase out the use of traditional incandescent bulbs as part of its push to save energy, cut greenhouse gas emissions and fight climate change.
Osram, a unit of German engineering group Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz), last year persuaded the European Union to extend duties of up to 66 percent on the bulbs but only by a year instead of the usual five.
Osram recently asked for the duties to be extended, paving the way for another internal row within the EU in coming months.
Some commission officials have said the row was really about commercial advantage in the fast-growing market for energy-saving bulbs because Osram imported less of the product from China than Dutch rival Philips (PHG.AS: Quote, Profile, Research, Stock Buzz).
Osram said on Monday it plans to announce how the lifting of the anti-dumping duties will impact its European production in the coming weeks.
Dutch electronics group Philips and other producers also opposed extending the duties.
Environmentalists and some EU governments argued the duties should be scrapped because they run counter to the EU's drive to promote energy efficiency.
The European Union is planning to phase out the use of traditional incandescent bulbs as part of its push to save energy, cut greenhouse gas emissions and fight climate change.
(Reporting by Irene Preisinger; Editing by David Cowell)
Mon Aug 11, 2008 6:47am EDT
Source: www.reuters.com
Mon Aug 11, 2008 6:47am EDT
Source: www.reuters.com
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