HANOVER PARK, Ill., Jan. 23, 2019 /PRNewswire/ -- FUJIFILM North America Corporation, Graphic Systems Division announces tariff tax exclusions on its aluminum offset printing plates, currently making it the only major printing plate manufacturer in the U.S. to earn exclusion.
Fujifilm has proactively worked with industry associations and the Federal Government to address the unintended consequences of the tariffs applied to the sales of aluminum offset printing plates as an unfair burden on the graphic arts industry.
The U.S. Commerce Department's Section 232 tariffs on imported aluminum remain in effect; however, FUJIFILM North America Corporation, Graphic Systems Division has received exclusions on the majority of the 147 Exclusion Requests it filed several months ago.
"Although the current Federal Government shutdown prevents Fujifilm from receiving further updates as to the status of our remaining Exclusion Requests and the process, timing and amount of refunds Fujifilm can expect on tariffs paid since June 1, 2018, Fujifilm remains committed to crediting plate customer accounts for every dollar of tariff tax that the Commerce Department returns to Fujifilm," said Todd Zimmerman, Division President, FUJIFILM North America Corporation, Graphic Systems Division.
Fujifilm is dedicated to providing American jobs and supporting local communities. At the FUJIFILM Manufacturing U.S.A. facility in Greenwood, South Carolina, more than 200 Fujifilm associates contribute to the overall printing plate manufacturing process within thermal, processless, and violet plate offerings; engineering 13 different types of plates. Once plates are manufactured at the sprawling 500 acre complex, they are stored in an on-site distribution center with dedicated inventories to meet plate customer needs in a timely manner. The nationwide warehouse distribution system utilized by Fujifilm minimizes handling to avoid potential damage that can be caused by using overseas container shipments.
"Our resolve to challenge these tariffs has led to this outcome for our valued customers," adds Zimmerman. "I sincerely appreciate our customers' patience and understanding as we worked through this difficult situation. We will provide updates on this process as soon as we receive further information from our contacts in the Commerce Department."
The exclusions are valid until approximately December 2019, and can be revoked by the Commerce Department at any time.
FUJIFILM North America Corporation, a marketing subsidiary of FUJIFILM Holdings America Corporation consists of five operating divisions and one subsidiary company. The Imaging Division provides consumer and commercial photographic products and services, including: photographic paper; digital printing equipment, along with service and support; personalized photo products; film; and one-time-use cameras; and also markets motion picture archival film and on-set color management solutions to the motion picture, broadcast and production industries. The Electronic Imaging Division markets consumer digital cameras, and the Graphic Systems Division supplies products and services to the graphic printing industry. The Optical Devices Division provides optical lenses for the broadcast, cinematography, closed circuit television, videography and industrial markets, and also markets binoculars. The Industrial and Corporate New Business Development Division delivers new products derived from Fujifilm technologies. FUJIFILM Canada Inc. sells and markets a range of Fujifilm products and services in Canada. For more information, please visit www.fujifilmusa.com/northamerica, go to www.twitter.com/fujifilmus to follow Fujifilm on Twitter, or go to www.facebook.com/FujifilmNorthAmerica to Like Fujifilm on Facebook. To receive news and information direct from Fujifilm via RSS, subscribe at www.fujifilmusa.com/rss.
FUJIFILM Holdings Corporation, Tokyo, Japan brings cutting-edge solutions to a broad range of global industries by leveraging its depth of knowledge and fundamental technologies developed in its relentless pursuit of innovation. Its proprietary core technologies contribute to the various fields including healthcare, graphic systems, highly functional materials, optical devices, digital imaging and document products. These products and services are based on its extensive portfolio of chemical, mechanical, optical, electronic and imaging technologies. For the year ended March 31, 2018, the company had global revenues of $23.0 billion, at an exchange rate of 106 yen to the dollar. Fujifilm is committed to environmental stewardship and good corporate citizenship. For more information, please visit: www.fujifilmholdings.com.
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SOURCE FUJIFILM North America Corporation, Graphic Systems Division