Final USITC Report on Chinese Quartz Imports June 2019 | Page 175

PART VI: FINANCIAL EXPERIENCE OF U.S. PRODUCERS
BACKGROUND
Eighteen U.S. producers provided financial data on their operations on quartz surface
products. *** reported financial results on integrated operations. 1 *** reported financial
results on fabrication only. 2 *** accounted for the majority of total combined sales quantity in
2017 (*** percent), followed by *** (*** percent), *** (*** percent), and *** (*** percent). 3
For integrated operations, revenue primarily reflects commercial sales, but also includes
transfers to related firms and internal consumption. Internal consumption and transfers
accounted for approximately *** percent of total net sales quantity in 2017. Non-commercial
sales for integrated operations are included but not shown separately in this section of the
report. 4 For fabrication operations, revenue primarily reflects commercial sales and internal
consumption, but also includes transfers which accounted for *** percent of total net sales
quantity in 2017. Sixteen firms reported a fiscal
1
“Integrated” refers to the production of slabs from raw materials to fabrication or finishing slabs.
*** did not provide any financial data for these investigations. Based on reported shipment data,
*** would represent approximately *** percent and *** percent of total net sales quantity for
fabrication in 2017, respectively.
3
The term “combined” refers to the U.S. industry’s combined integrated operations and fabrication
operations. While the data for U.S. integrated operations and independent U.S. fabricators were simply
added together in table VI-5, VI-6, and VI-7, their sales data represents the same merchandise in the
market. Although this results in some degree of double counting for the industry’s total sales, the effect
is reflected in both revenue and costs and therefore results in a reasonable presentation of the
industry’s profitability during the period examined.
4
*** reported transfers to related firms, while *** reported internal consumption.
2
VI-1