Tega Industries Limited has announced a finding by the Canadian International Trade Tribunal (CITT) concerning imports for its indirect subsidiary, Moly-Cop Canada. The CITT found that while dumping and subsidizing of forged grinding media from China have not caused injury, they are threatening to cause injury to the domestic industry. This development could lead to the collection of anti-dumping and countervailing duties by the Canada Border Services Agency, potentially impacting business prospects.
Canadian Trade Tribunal Issues Finding on Subsidiary’s Imports
Tega Industries Limited has received communication regarding a significant finding by the Canadian International Trade Tribunal (CITT) dated September 22, 2026. This finding is in favour of Moly-Cop Canada, an indirect step-down subsidiary of Tega Industries, located in Kamloops, British Columbia.
The CITT inquiry, identified as NQ-2026-002, concluded that the dumping and subsidizing of forged grinding media, originating from or exported by China, have not directly caused injury to the domestic Canadian industry. However, the tribunal determined that these practices are threatening to cause injury to the domestic industry.
Consequently, anti-dumping and countervailing duties are expected to be collected by the Canada Border Services Agency. The detailed findings from the CITT dated September 22, 2026, are accessible via a provided link.
Potential Business Impact
Tega Industries believes this development may have a positive impact on the business prospects of Moly-Cop Canada. This potential impact is subject to market conditions and the implementation of applicable trade measures by Canadian authorities. The company will continue to monitor these proceedings and will provide further disclosures as required.
The information regarding this finding has also been made available on the company’s website, www.tegaindustries.com.
Source: BSE
