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European consultation on glass fibre delayed
20/08/2010 12:00
The European Commission has delayed its consultation on anti-dumping of Chinese glass fibre measures, giving the industry more time to encourage governments to vote against the proposed high level of duties, says the European Composites Industry Association (EuCIA).
Earlier this month, the EuCIA said the anti-dumping investigation into glass fibre products originating in China could result in “shocking” levels of duties of 43.6%.
The European Commission had proposed an initial deadline of 11 August but has now moved the consultation to the 26 August.
“Member States will now have a chance to properly discuss the proposal and make an informed decision about the reality of the devastating impact that anti-dumping duties will have on the composites industry,” the EuCIA said in statement. “It also shows that the initial complaint lodged by 8 companies will affect an estimated 10.000 company users all over Europe and that these companies will fight for their survival.”
If the Commission does bring in the new duties, the European industry will suffer in the short- and long-term, says the association. The duties are unrealistic given the glass fibre shortage in the market as well as the persistent low level of business confidence, it adds.
Earlier this month, the EuCIA said the anti-dumping investigation into glass fibre products originating in China could result in “shocking” levels of duties of 43.6%.
The European Commission had proposed an initial deadline of 11 August but has now moved the consultation to the 26 August.
“Member States will now have a chance to properly discuss the proposal and make an informed decision about the reality of the devastating impact that anti-dumping duties will have on the composites industry,” the EuCIA said in statement. “It also shows that the initial complaint lodged by 8 companies will affect an estimated 10.000 company users all over Europe and that these companies will fight for their survival.”
If the Commission does bring in the new duties, the European industry will suffer in the short- and long-term, says the association. The duties are unrealistic given the glass fibre shortage in the market as well as the persistent low level of business confidence, it adds.
European Plastics News staff
Posted 18 August 2010 8:19 am GMT
Source: www.europeanplasticsnews.com
Posted 18 August 2010 8:19 am GMT
Source: www.europeanplasticsnews.com
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