Home / Knowledge / News / Textiles / Anti-dumping measures on Chinese polyester fabrics confirms worst of industry fears

Anti-dumping measures on Chinese polyester fabrics confirms worst of industry fears

22
Sep '05
Anti-dumping duties are likely to be imposed on certain finished polyester filament fabrics from China that are likely to last for five years, the EU's official journal informs.

Duties ranging 14.1 percent to 56.2 percent will come in to force, as the journal listed anti-dumping duties for 45 Chinese textile enterprises, most attracting between 14.1 percent to 37.1 percent duties.

For past nine months the EU had been conducting anti-dumping investigations, and finally concluded that some finished polyester filament fabrics from China have adversely affected the EU market.

Media reports say that European products output and market share dropped by 20 percent during April 2003 and March, this year.

Europe's polyester filament fabrics demand remained unchanged at about 732 million running metres during the period of investigations.

All this while China's EU exports shot up to 288 million running metres, up from 135 million running metres in 2000.

The industry has reacted sharply to this move and fears 56.2 percent anti-dumping duties will shut exports from certain large Chinese enterprises to Europe.

While revaluation of Chinese currency Renminbi has already shrunk operating margins, rising energy, raw materials and labor cost will stifle the industry further, say industry insiders.

Earlier, in March, EU had taken preliminary decision to impose 20 percent anti-dumping duties on 25 enterprises that were granted market economy status, and duties ranging from 26.7 percent to 85.3 percent were placed on 31 other firms.


Must ReadView All

Pic: Akosombo Textiles

Textiles | On 6th Jul 2020

Ghana gets private investment to revive Akosombo Textiles

The Ghanian government has secured private sector investment to...

Pic: Shutterstock

E-commerce | On 6th Jul 2020

China's e-com transactions exceed 34 trillion yuan in 2019

China led the world e-commerce space in 2019, employing around 51.26...

Pic: Beyond Leather Materials,

Textiles | On 6th Jul 2020

Danish company generates €1.1 M for plant-based leather

Beyond Leather Materials, a company that produces plant based,...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Abhishek Ralli,

Abhishek Ralli

Founded in 1962 in Agra, Guide Footwear manufactures men’s footwear for...

Kamal Kulshreshth,

Kamal Kulshreshth

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

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


July 2020

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


Advanced Search