China imposes anti-dumping tax on caprolactam imports from EU, U.S. for 5 years

19/10/2011 12:00 - 370 Views

China will impose an anti-dumping tax on imports of caprolactam, a synthetic polymer widely used in textiles, from the EU and the U.S. for five years beginning on Oct. 22, 2011, the Ministry of Commerce (MOC) said on Tuesday.

The MOC's announcement came after the ministry concluded a six-month investigation on caprolactam imports from EU and the U.S. The ministry found that domestic industries had incurred "material injury" due to caprolactam imports.

According to the MOC statement, DSM Fibre Intermediates B.V. and six other European companies will be subject to an anti-dumping tax between 2.3 and 4.9 percent, while other EU companies will be subject to an anti-dumping tax of 25.5 percent.

As for U.S. caprolactam exports to China, DSM Chemicals North America, Inc., Honeywell Resins & Chemicals LLC and the BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively.

All other U.S. companies will be levied a uniform anti-dumping tax of 24.2 percent, according to the MOC.

Tuesday, October 18, 2011

By Wang Guanqun

Source: Xinhua