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Rogers Sugar Inc T.RSI

Alternate Symbol(s):  RSGUF | T.RSI.DB.E | T.RSI.DB.F

Rogers Sugar Inc. is a Canada-based company. The principal business activities of the Company are the refining, packaging and marketing of sugar, and the packaging, marketing and distribution of maple products. The Company’s segments include Sugar and Maple products. The principal business activity of the Sugar segment is the refining, packaging and marketing of sugar products. The Maple products segment processes pure maple syrup and related maple products. The Company operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic products include granulated (regular and organic), brown, icing, liquid, cubed sugars and specialty syrups, as well as agave, organic coconut sugar, Nature’s Raw sugar, maple sugar and flakes and other dry blends. TMTC’s products include maple syrup and derived maple syrup products supplied under retail private label brands in approximately 50 countries and are sold under various brand names.


TSX:RSI - Post by User

Post by kijijion Mar 30, 2022 9:26pm
299 Views
Post# 34561284

CBSA to maintain anti-dumping/countervailing duties on sugar

CBSA to maintain anti-dumping/countervailing duties on sugar

Rogers Sugar applauds CBSA's protection of Cdn sugar

ROGERS SUGAR WELCOMES CANADA BORDER SERVICES AGENCY'S DECISION TO MAINTAIN ANTI-DUMPING AND COUNTERVAILING DUTIES ON IMPORTED SUGAR

Rogers Sugar Inc. has welcomed the decision by the Canada Border Services Agency (CBSA) to maintain anti-dumping and countervailing duties on excess and subsidized sugar imported into Canada.

Earlier in the day, the CBSA issued a notice of the conclusion of its reinvestigation concerning dumped sugar from the United States (U.S.), Denmark, Germany, the Netherlands and the United Kingdom (U.K.), and subsidized sugar from the European Union (EU). The purpose of the reinvestigation was to update the rates of anti-dumping and countervailing duties following the Canadian International Trade Tribunal's finding last year that these measures continue to be necessary to protect the Canadian sugar industry.

The CBSA determined that anti-dumping duties will continue to apply to imports of dumped sugar from the U.S., Denmark, Germany, the Netherlands and the U.K. The CBSA also ruled that a countervailing duty will continue to apply to imports of subsidized EU sugar.

"We welcome the CBSA's decision to protect Canadian producers from unfair competition by maintaining duties on dumped and subsidized sugar from abroad," said Mike Walton, president and chief executive officer of Rogers Sugar. "The high-quality sugar produced by our Rogers Sugar and Lantic brands is an integral part of the Canadian food supply chain and needs to be adequately safeguarded."

About Rogers Sugar Inc.

Rogers is a corporation established under the laws of Canada. The corporation holds all of the common shares of Lantic and its administrative office is in Montreal, Que. Lantic operates cane sugar refineries in Montreal, Que., and Vancouver, B.C., as well as the only Canadian sugar beet processing facility in Taber, Alta. Lantic also operates a custom blending and packaging operation and distribution centre in Toronto, Ont. Lantic's sugar products are marketed under the Lantic trademark in Eastern Canada and the Rogers trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups. Lantic owns all of the common shares of TMTC and its head office is headquartered in Montreal, Que. TMTC operates bottling plants in Granby, Degelis and in St-Honore-de-Shenley, Que., and in Websterville, Vt. TMTC's products include maple syrup and derived maple syrup products and are sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks.

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