Home / Knowledge / News / Textiles / Chinese automotive yarn attracts EU antidumping duty
Chinese automotive yarn attracts EU antidumping duty
Apr '11
The European Union has recently imposed 9.8 percent antidumping duty on Chinese automotive yarn for five years to protect the interests of EU industries.

This new duty will be effective from December 3. The EU announced the decision in Brussels a few days back. It imposed such duties on the yarn from South Korea and Taiwan too.

This step will affect major Chinese exporters including Wuxi Taiji Industry Co. badly as they are already under the burden of such duties. Earlier, the EU had imposed provisional duty as high as 9.3 percent effective from June.

The EU has imposed anti dumping duty as sales of the Chinese made yarn have overtaken EU produced yarn in sales. Chinese yarn is sold at lower rates than EU produced yarn in the 27-nation, a practice known as dumping.

Chinese yarn is mainly used by the automotive industry in the EU. In Europe such material is produced by companies including Belgium's Sioen Industries NV. It is used for tire reinforcement and seatbelts in addition to make conveyor belts and nets.

China tripled its share in the EU yarn market in the 12 months till June 2009 compared to the same period in 2005. At present China's share in EU yarn market is 23.6 percent. On the other hand European producers' share in their own market has fallen from 51.1 percent to 39.2 percent during the same period.

Because of this decision, fears raised about bad times for companies like Michelin & Cie. and Continental AG were dismissed by the EU.

Fibre2fashion News Desk

Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Sunil Rathore
Lacoste India

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

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search