Wanfeng exports EU levy anti-dumping duty

Wanfeng (002085) announced last night that the company received the European Commission yesterday issued a preliminary finding on China's aluminum alloy wheel anti-dumping investigation results: Through the anti-dumping Investigation Committee on the import of China's aluminum alloy wheels levied anti-dumping duties, the decision on the Chinese production enterprises Levy 20.6%　　Provisional anti-dumping duty, which has been implemented since May 11, 2010. The announcement said that in January-April this year, the company in the EU to achieve sales of 73.5613 million yuan, the original plan this year in the European Union to achieve sales of 308 million yuan, by the initial results of anti-dumping effect, is expected to fall in the EU sales of about 40% a year.　　The company said it would make up for a decline in European markets by increasing the supply of domestic markets and expanding other international markets such as Japan and the US. However, the European Commission issued anti-dumping rates as a preliminary result, according to the EU anti-dumping investigation procedures, the European Commission is expected to release the final results within 6 months.