Business / Companies

China approves American company to inherit anti-dumping duty

(Xinhua) Updated: 2016-08-17 13:54

BEIJING - The Ministry of Commerce said Solvay USA Inc will inherit a 9.7-percent anti-dumping duty rate for pyrocatechol from Rhodia Inc effective from Wednesday.

In June, Solvay USA Inc filed an application to the ministry, saying that it had bought out Rhodia Inc and, therefore, should inherit Rhodia's anti-dumping duty, according to the ministry's website.

The ministry approved the request after a thorough investigation.

In 2012, the ministry decided to levy anti-dumping duties on pyrocatechol imports from the US and Japan for a term of 5 years.

Rhodia Inc was levied a duty of 9.7 percent, while other American companies were levied 46.81 percent, according to their different levels of dumping.

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