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BB NEW MARGIN - MARCH 2009 23/5/08 13:50 Page 2
Ondrives and Rino merge
Ondrives Ltd will merge with Rino Industries Ltd under one name, Ondrives Ltd, on 1st April 2009 in
an exciting time for both companies.
“This move will enhance the product range and compliment the Ondrives brand name even further by
bringing together the strengths of two companies that have worked together closely over the last 10 years.
The takeover will be seamless in terms of customers placing orders and enquiries on a day-to-day basis, as
nothing will differ apart from the name change”, the company states.
The move sees all the popular in-house produced gear reduction units, linear actuators, bearing housings
and couplings being heavily featured as always in their newly merged catalogue, which will be published
soon.
“These are just a few of the products that are included in the new Ondrives range, there is also a high
quality range of fasteners of all types, including ceramic, perfect stainless steel and treated versions moved
over from Rino along with a large accessories section featuring wheels, bushings, rod ends, anti-vibration
mounts and spring assemblies.”
There will also be just one website from which to download CAD images and order online. Any enquiries,
orders or queries sent to Rino will automatically be passed over to Ondrives and will be dealt with in the
usual way, the company states.
Changes in Group
management
As of June 1, 2009, Robert Ang, currently general manager of Bossard Greater China, will take over
the responsibility for Bossard’s business in the entire Asian region and, at the same time, he will
become member of the Group’s executive board.
Scott Mac Meekin who has had this responsibility for the last 14 years will leave on May 31, 2009, and
pursue his career outside Bossard.
Robert Ang, a Singaporean citizen, has been working for Bossard since 1997. During the first two years he
was responsible for Bossard Singapore. From 2000 until 2005 he was general manager of Bossard Southeast
Asia and since then general manager of Bossard Greater China (China, Taiwan). Robert has a MBA and a
degree in mechanical engineering.
Provisional anti-dumping tariffs
applied to Chinese wire rod
On the 6th February Commission Regulation 112/2009 applied provisional anti-dumping duty
on imports of wire rod from the People’s Republic of China and the Republic of Moldova. The
decision follows the first stage of an investigation initiated as a result of a complaint from
EUROFER, the European association of steel producers.
A provisional duty of 24.6% was applied to imports from P.R. China, with the exception of the Valin
Group, imports from which had an 8.6% tariff applied. The tariff applied to imports from Moldova was
3.7%. Turkey was also cited in the complaint but provisional tariffs were not applied to its imports. The
Commission found that Turkish exporters were not undercutting the prices of the Community Industry
nor were they selling below the non-injurious price level established by the investigation.
The product covered by the regulation is bars and rods, hot rolled in irregularly wound coils, of iron,
non-alloy steel or alloy steel other than of stainless steel.
Data from one cooperating company in Brazil was used for the purpose of determining normal
value. The Commission acknowledged that the company, understood to be a subsidiary of ArcelorMittal,
was related to the complainant but says in the regulation that “it is considered that if prices and costs
are not distorted, there is no reason to exclude data provided by cooperating companies related to the
complainant when setting normal values based on the domestic sales in an analogue country”. The
Commission goes on to express questions about degree of competitiveness in the Brazilian market and
notes that “the choice of Turkey as analogue country may be considered as more appropriate.”
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