China Continues Antidumping Measures on Imported PVC
Year:2009 ISSUE:30
COLUMN:M & A, BUSINESS & TRADE
Click:218 DateTime:Oct.28,2009
China Continues Antidumping Measures on Imported PVC
China slapped a five-year anti-dumping tax on imported PVC from the United States, Korea, Japan, Russia and Taiwan province, effective September 29th, 2009, following a final review from a year earlier.
China had imposed the tax on PVC from the nations and region since September 29th, 2003, for five years.
The Ministry of Commerce found that if the anti-dumping taxes were terminated, dumping to Mainland China could keep occurring from the US, South Korea, Japan, Russia and Taiwan province, and that may hurt the domestic PVC industry once again.
Chinese importers of PVC from these countries and region should pay the taxes to Chinese customs since September 29th, 2009.
Below are the specific tax rates on different companies:
US
1. Shintech Incorporated 83%
2. Formosa Plastics Corporation Texas 11%
3. All others 83%
South Korea
1. LG CHEM, LTD. 6%
2. Hanwha Chemical Corporation 12%
3. All others 76%
Japan
1. Shin-Etsu Chemical Co., Ltd. 17%
2. V-Tech Corporation 21%
3. TAIYO VINYL Corporation 7%
4. Shin Dai-Ichi Vinyl Corporation 34%
5. Kaneka Corporation 30%
6. All others 84%
Russia
1. J/S Co. KaustiK 34%
2. All others 47%
Taiwan province
1. China General Plastics Corporation 12%
2. Formosa Plastics Corporation 10%
3. Ocean Plastic Co., Ltd. 22%
4. All others 25%
(CCR2008 No. 31, 2003 No. 29, 30)