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KODAK FILES ANTIDUMPING PETITION WITH COMMERCE DEPARTMENT AND ITC

 ROCHESTER, N.Y., Aug. 31 /PRNewswire/ -- Eastman Kodak Company (NYSE: EK) today filed an antidumping petition with the U.S. Department of Commerce and the International Trade Commission against the import of artificially low-priced color negative photographic paper from Japan and the Netherlands.
 In its petition, Kodak noted that manufacturers in these countries have exported photographic paper to the United States for sale at prices as low as one-fourth the prices charged for identical products in their home countries.
 "We believe that dumping margins approaching 300 percent constitute an illegal trade practice. This is inconsistent with free and open competition," said Robert T. Hamilton, vice president and general manager, U.S. and Canada Region, Imaging.
 "Continued dumping of such products at these extraordinary margins in the U.S. increasingly upsets the free-market flow of products and services," Hamilton added. "Such pricing practices constrain our ability to make business and technology investments that benefit the photographic industry as well as the retail consumer.
 "The issue is clear," Hamilton noted. "Dumping undermines healthy competition, because companies cannot continue to compete profitably where unlawful competition is taking place. The antidumping law is an internationally sanctioned remedy to counteract such trade practices."
 -0- 8/31/93
 /CONTACT: Paul C. Allen, Media Relations, Eastman Kodak Company, 716-724-5802/
 (EK)


CO: Eastman Kodak Company ST: New York IN: CHM LEI SU:

AR -- CL013 -- 7622 08/31/93 16:01 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
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