Anti-dumping tax imposed on caprolactam imports from EU, US
Updated: 2011-10-19 13:10
BEIJING -- China will impose an anti-dumping tax on imports of caprolactam, a synthetic polymer widely used in textiles, from the EU and the US for five years beginning on Oct 22, 2011, the Ministry of Commerce (MOC) said on Tuesday.
The MOC's announcement came after the ministry concluded a six-month investigation on caprolactam imports from EU and the US The ministry found that domestic industries had incurred "material injury" due to caprolactam imports.
According to the MOC statement, DSM Fibre Intermediates B.V. and six other European companies will be subject to an anti-dumping tax between 2.3 and 4.9 percent, while other EU companies will be subject to an anti-dumping tax of 25.5 percent.
As for US caprolactam exports to China, DSM Chemicals North America, Inc., Honeywell Resins & Chemicals LLC and the BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively.
All other US companies will be levied a uniform anti-dumping tax of 24.2 percent, according to the MOC.