Minneapolis, MN – July 15th, 2024 – PURIS, North America's leading pea protein manufacturer, celebrates the Department of Commerce's final determination in its anti-dumping and countervailing duties (AD/CVD) case against Chinese pea protein imports. The ruling, issued on June 27th, 2024 reaffirms PURIS' claims of unfair competition, maintaining the preliminary dumping duties while making a slight increase in countervailing duties (CVD). This marks a crucial moment for the domestic pea protein industry.
Included below is an indicative summary of the current situation. For an exhaustive list of the rates, please refer to the Department of Commerce's posting to the federal registry.
"For years, unfair trade practices threatened the future of American pea protein manufacturers," shared Tyler Lorenzen, CEO at PURIS. "This is not just a win for PURIS, it is a win for American values like hard work, fair play, and environmental responsibility. The Department of Commerce stood up for American jobs and ingenuity, sending a clear message that dumping and unfair trade tactics won't be tolerated.”
This is just the beginning of a vibrant new chapter for PURIS and the American pea protein industry. PURIS remains focused on providing sustainable, high-quality plant-based ingredients to its customers while advocating for fair trade and a competitive marketplace. The company's dedication to investing in domestic suppliers, farmers, and communities is paramount to its long-term vision of creating a more sustainable and resilient food system.
About PURIS
Founded in 1985, PURIS is the largest pea protein manufacturer in North America. The company is committed to providing high-quality, sustainable, and plant-based protein solutions to meet the growing demand for healthy and nutritious food products. PURIS is a strong advocate for fair trade and is committed to ensuring a level playing field for the U.S. pea protein industry.
For more information about PURIS and its groundbreaking offerings, please visit their website at www.puris.com.
Media Contact:
Lauren Perez Hoistad, Chief of Staff
305-333-1220
lperez@purisfoods.com
