Construction equipment maker JCB has welcomed news that Government investigations are under way into alleged dumping of subsidised Chinese excavators on the UK market.
In recent years, Chinese manufacturers, who are heavily subsidised by the state, have increasingly targeted the UK market with cut-price excavators.
Now, following complaints, the UK Trade Remedies Authority (the TRA) has launched anti-dumping and anti-subsidy investigations into imports from China of tracked excavators of at least 11 tonnes into the UK.
JCB CEO Graeme Macdonald said: “We welcome these investigations by the Trade Remedies Authority. There is clear evidence of unfair competitive practices in relation to aggressive, and subsidised, pricing of tracked excavators imported from China.
“We want to see a swift and clear resolution to this urgent matter so that a competitive level playing field is restored for all UK-based manufacturers who invest heavily in the development of world leading products.”