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Anti-dumping petitions filed against acetone imports in US

22
Feb '19

Pic: Pixabay

Advansix, a leading manufacturer of nylon 6, has filed anti-dumping duty petitions covering imports of acetone with the International Trade Commission (ITC) and US department of commerce. The petitions allege that acetone imports from Belgium, South Korea, Saudi Arabia, Singapore, South Africa, and Spain have caused material injury to the domestic industry.

The ITC will commence a preliminary investigation, which if upheld will proceed to the US department of commerce to investigate and determine the anti-dumping duty rates of these imports.

“Today’s petition filing represents the first step in a process to restore fair competition and reflects our commitment to protecting the domestic acetone industry and its employees,” said Erin Kane, president and CEO of Advansix.

Advansix filed the petitions along with other US producers of acetone including Olin Corporation and Altivia Petrochemicals, LLC. It expects the investigation process to be completed over the next 12 to 14 months.

Advansix produces acetone at its facility in Frankford, Pennsylvania with annual capacity of 680 million pounds.

Nylon 6 is a polymer resin used to produce engineered plastics, fibres, filaments and films that, in turn, are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. (RKS)

Fibre2Fashion News Desk – India

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