China imposes anti-dumping tax on caprolactam imports
The Chinese Ministry of Commerce (MOC) said it will impose an anti-dumping tax on imports of caprolactam from the EU and the US for a period of five years, effective from 22 October 2011.
The move follows a six-month investigation by the officials on caprolactam imports from EU and the US, reports Xinhua News Agency.
The ministry said the domestic industry had suffered a material injury due to caprolactam imports.
According to the MOC, DSM Fibre Intermediates BV and six other European companies will be subject to an anti-dumping tax of between 2.3 and 4.9%, while other EU companies will be subject to an anti-dumping tax of 25.5%.
DSM Chemicals North America, Honeywell Resins & Chemicals and the BASF will face an anti-dumping tax of 2.2%, 3.6% and 2.5% respectively, while other US companies will be levied a uniform anti-dumping tax of 24.2% on caprolactam exports to China.