Home / Knowledge / News / Textiles / Antidumping duty reduced on Chinese high tenacity yarn
Antidumping duty reduced on Chinese high tenacity yarn
08
Jan '11
The European Union recently issued a notice of its formal final ruling of anti-dumping case against China's polyester high tenacity yarn. Two companies involved in Shaoxing City obtained lower anti-dumping tax rates. Of which, the anti-dumping tax rate of Shaoxing Haifu Chemical Fibre Ltd fell to 5.3 percent from preliminary 9.3 percent.

It is learnt that, the EU initiated anti-dumping investigations on polyester high tenacity yarn products in September 2009 and the involved amount reached was US $124 million, of which Shaoxing Haifu Chemical Fibre and Zhejiang Guxiandao Industrial Fibre made up for a major portion of these imports.

The anti-dumping duty rate of 5.3 percent has weakened competitive advantage of Chinese exports to the EU, but it is still within a bearable range," said Manager Yao of Shaoxing Haifu Chemical Fibre.

The company has not only maintained its important EU market through this deal, but more important is that, it has derived a lot of experience from it, so the enterprise will pay more attention to improving quality.

Shaoxing Haifu Chemical Fibre exported nearly 1 million tons to the EU from January to November in 2010. The company has 9 production lines (45,000 tons of capacity) at full load operation; in addition and plans to increase its production by 15,000 tons by introducing three advanced production lines in 2011.

Fibre2fashion News Desk


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Binoy Ravjani
Hero's Fashion

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

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search