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Indonesia opens dumping probe on SDY from four nations
02 Aug '13
1 min read
The Government of Indonesia has initiated anti-dumping investigation on import of spin draw yarn (SDY), also called fully drawn yarn (FDY), from China, Malaysia, South Korea and Taiwan.
The probe is in response to a request made by two Indonesian manufacturers—PT Indorama Ventures Indonesia and PT Asia Pacific Fibers.
After an initial analysis, there was strong indication that SDY was sold at dumping prices, and thereby, causing injury to domestic producers, the chief of Indonesian Anti-Dumping Committee (KADI) Ms. Ernawati said, according to The Jakarta Post.
The investigation would be carried out on imports of SDY with tariff heading 5402.47.00.00, originating from China, Malaysia, South Korea and Taiwan.
In 2012, China exported SDY worth US$ 19.355 million to Indonesia, showing an increase of 418 percent year-on-year in value, and 559 percent year-on-year in terms of volume, according to the Chinese Customs statistics.
Around 40 Chinese firms export SDY to Indonesia.
Fibre2fashion News Desk - India
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