PET FILMS
EU puts temporary anti-dumping duties on PET films from India and Korea / Producers´ petition
Acting on a petition by DuPont-Teijin Films (L-1061 Luxembourg; www.dupontteijinfilms.com), Mitsubishi Polyester Film (D-65023 Wiesbaden; www.m-petfilm.com) and Nuroll (Strada Conte, I-81052 Pignataro Maggiore) the European Commission has placed temporary anti-dumping duties on imports of PET fiilms from producers in India and South Korea. The Commission held that the dumping practices of the companies listed in the petition filed on 22 May 2000 had been proven.
The additional duties are valid for six months and apply to all applications for PET films, excluding diskettes and printing plates, but including such products as audio and video magnetic tapes, films, packaging materials and products used by the electrical industry and other industrial sectors. Anti-dumping duties paid by South Korean producers will range from 3.5% to 12.4%., while Indian producers will have to pay additional levies ranging from 3.6% to 66.8%.
The EU estimates total consumption of PET films in Europe at around 250,000 t between April 1999 and March 2000, a rise of 36% against 1996. Capacities of the European petitioners increased by 37% in the same time frame to around 174,000 t, while real annual production rose 27% to 138,000 (109,000) t and volume sales increased 25% to 110,000 (88,000) t. Parallel to this, imports from India and Korea soared 83% from 28,000 t to 51,000 t. Import prices fell from EUR 3,411 to EUR 1,692 per tonne. Material produced in the EU declined from EUR 4,212 to EUR 2,769 per tonne. Since 1998, European producers have been operating at a loss, the Commission said. – See Plasteurope.com 06 and 07, 1999. In its decision, the EU followed the argumentation of the petitioners, that pressure from import dumping was responsible for the price decline.
In August 1999 the EU placed a four-month compensating tariff on films from India. One of the petitioners in that case, Toray – at the same time world market leader – this time is on the other side of the fence. It is one of those accused of dumping, as majority partner in the joint venture Toray Saehan. The EU declined to approve an application filed by the Japanese company, asking for exemption from the additional levies. In December 2000, the Commission placed controversial compensating tariffs on PET granules from various Asian countries, including India and Korea. – See Plasteurope.com 02, 2000.
• e-Service:
EU directive on temporary compensating tariffs for PET films from India and Korea as PDF document (228 KB)
The additional duties are valid for six months and apply to all applications for PET films, excluding diskettes and printing plates, but including such products as audio and video magnetic tapes, films, packaging materials and products used by the electrical industry and other industrial sectors. Anti-dumping duties paid by South Korean producers will range from 3.5% to 12.4%., while Indian producers will have to pay additional levies ranging from 3.6% to 66.8%.
The EU estimates total consumption of PET films in Europe at around 250,000 t between April 1999 and March 2000, a rise of 36% against 1996. Capacities of the European petitioners increased by 37% in the same time frame to around 174,000 t, while real annual production rose 27% to 138,000 (109,000) t and volume sales increased 25% to 110,000 (88,000) t. Parallel to this, imports from India and Korea soared 83% from 28,000 t to 51,000 t. Import prices fell from EUR 3,411 to EUR 1,692 per tonne. Material produced in the EU declined from EUR 4,212 to EUR 2,769 per tonne. Since 1998, European producers have been operating at a loss, the Commission said. – See Plasteurope.com 06 and 07, 1999. In its decision, the EU followed the argumentation of the petitioners, that pressure from import dumping was responsible for the price decline.
In August 1999 the EU placed a four-month compensating tariff on films from India. One of the petitioners in that case, Toray – at the same time world market leader – this time is on the other side of the fence. It is one of those accused of dumping, as majority partner in the joint venture Toray Saehan. The EU declined to approve an application filed by the Japanese company, asking for exemption from the additional levies. In December 2000, the Commission placed controversial compensating tariffs on PET granules from various Asian countries, including India and Korea. – See Plasteurope.com 02, 2000.
• e-Service:
EU directive on temporary compensating tariffs for PET films from India and Korea as PDF document (228 KB)
15.03.2001 Plasteurope.com [16842]
Published on 15.03.2001