Product category:
Memory Devices and Modules
News Release from: Memorysolution
Edited by the Electronicstalk Editorial
Team on 15 April 2008
Company welcomes lifting of CVD duty
Memorysolution expressly welcomes the decision of the EU Council to repeal the countervailing duty imposed on imports of Hynix DRAM into the EU.
Memorysolution has welcomed the decision of the EU Council to repeal the countervailing duty imposed on imports of Hynix DRAM into the EU The decision has retroactive effect from 31st December, 2007
This article was originally published on Electronicstalk on 3 Dec 2003 at 8.00am (UK)
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On December 1st, 2007 Memorysolution became a distributor Hynix Semiconductor's (HSI) Dynamic Random Access Memory chips (DRAMs) and Flash memory chips Under the terms of the contract, Memorysolution took over the distribution of the whole range of memory products manufactured by Hynix into the Central European markets.
Henning Stork, Purchase Director of Memorysolution, said "Although the CVD order of the EU council did not have much practical effect on the daily business, Memorysolution as the main distributor in the CE region however is very pleased to see the imposition of CVD on Hynix products coming to a just termination".
"We greet the lift of the CVD rule as a long overdue improvement of the situation, providing our strategic partner with even more flexibility in meeting customers' needs".
"Hynix had fought the imposition of CVD before the European Commission and the WTO since their imposition five years ago and the termination of the CVD measures not only acknowledges the technological leadership but also the sound economic strength of our Korean partner".
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