Home / Knowledge / News / Textiles / Biggest polyester producer to fight out anti-dumping probe
Biggest polyester producer to fight out anti-dumping probe
13
Oct '09
Zhejiang GuXianDao Industrial fiber Co., Ltd. has decided to respond to anti-dumping investigation launched by the European Commission on high-strength polyester yarn originating from China and other countries and regions.

It is learnt that the average annual imports of high-strength polyester yarn by the EU amounts to around US $100 million and this decision affects 40 textile enterprises in China, among which, GuXianDao Industrial Fiber Co is expected to feel the biggest impact.

Polyester high tenacity yarn is commonly known as polyester industrial filament yarn and it is widely used in automotive, construction, packaging materials, recreational sports, protective facilities, therefore, its added value is very high.

GuXianDao Industrial Fiber Co is the biggest manufacturer of polyester industrial filament and accounts for about 30 percent of China's exports of polyester industrial filament to the EU.

According to customs experts, the commission took the decision on a complaint raised by the European Association of Man-Made fibers on behalf of three European companies, whose output accounts for over 60 percent of the EU's total output of polyester high tenacity yarn.

The allegation leveled by these three companies is that, export volume of Chinese products to Europe increased from 2,800 tons in 2004 to 51,400 ton in last year and market share of Chinese products in the EU grew from 1.2 percent to 22.4 percent.

Once, the charge of dumping by Chinese enterprises is established, the European Commission will levy different dumping rates against enterprises based on their various dumping levels. The highest rate is expected up to 30 percent, which would mean completely losing the EU market.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search