TAICHUNG, Taiwan (BRAIN)—Stella Yu, founder of Velo Enterprise Co., LTD, one of the world’s leading manufacturers of saddles, has called a report about European anti-dumping duties imposed on Chinese-made saddles “misleading” and “deceptive.”
The report, published in an email newsletter sent out by Taiwan’s Bicycle Today, failed to note that Velo is the only saddle maker with factories in China currently exempt from paying anti-dumping duties, Yu said. The company also makes saddles in Taiwan.
Currently, Chinese saddle suppliers pay anywhere from 5.8 percent to 29.6 percent in anti-dumping duties. “Velo’s Chinese-made saddles are the sole such product exported to the European Union exempt from anti-dumping duties,” she said.
Bicycle Today’s email, which many in the global industry receive, caused some misunderstanding and confusion among companies sourcing saddles from Velo’s Chinese factories, she added.
For more on this story, be sure to read the February issue of Bicycle Retailer and Industry News.