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Hudson Technologies Comments on U.S. International Trade Commission Vote on Antidumping Petition Related to R-134a from China


Hudson Technologies, Inc. (HDSN) announced its support of today’s U.S. International Trade Commission (“ITC”) final vote on the antidumping petition related to R-134a (HFC-134a) from China. By this vote, the ITC found that the U.S. industry producing R134a is materially injured by reason of imports of R-134a from China that are sold in the U.S. at less than fair value. As a result of this vote, the U.S. Department of Commerce (“Commerce”) will issue an antidumping duty order on imports of R-134a from China which will impose antidumping duties ranging from 148.79 percent to 167.02 percent.

Kevin Zugibe, Chairman and CEO of Hudson Technologies, commented, “We fully support the ITC’s decision to enforce antidumping duties, which we believe will restore balance in the market and address the low price levels the U.S. industry has experienced over the last several years. As a next generation refrigerant already targeted for phase out, HFCs represent a tremendous opportunity for our Company for both distribution and reclamation. We applaud the ITC’s conclusion and look forward to the anticipated positive near-term impact of this decision on our industry related to increased HFC pricing and in turn, improved operating results.”

The American HFC Coalition filed the antidumping petition in March 2016, charging that imports of R-134a from China are being sold at less than fair value and have caused material injury to the U.S. domestic industry producing R-134a.

More details can be found on the ITC website:


About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson's proprietary RefrigerantSide® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer's site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer's system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company's web site at www.hudsontech.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the markets for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements which become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, risks associated with the Company’s joint ventures which include the ability of the parties to perform their obligations under the joint venture agreements, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the joint ventures may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's periodic reports filed with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

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