Haifu Chemical Fiber Co., Ltd. actively responded to the EU's anti-dumping investigation and reduced the tax rate by nearly half

The EU recently issued an announcement to formally terminate the anti-dumping case against China's polyester high-strength yarn. Two companies involved in Shaoxing City obtained lower anti-dumping rates. The anti-dumping tax rate of Xianhaifu Chemical Fiber Co., Ltd. fell from 9.3% in the preliminary judgment to 5.3%, and the tax rate decreased by nearly half.

“This is definitely good news for my company.” Yesterday, the reporter telephoned Hai Fu Chemical Fibers CEO Shen Tugen. He said with excitement that the EU market is the company’s largest export market and it has succeeded in actively responding to anti-dumping efforts by all parties. Reducing tax rates is equivalent to increasing the competitiveness of their products in the international market.

It is understood that in September 2009, the EU launched an anti-dumping investigation on China's polyester high-strength yarn products. Shaoxing City was the main area involved. The amount involved was US$52.88 million, accounting for 42.6% of the country’s total of US$124 million, of which Haifu Chemical Fiber and Guxiandao New Materials were the main products.

Under the coordination and guidance of the competent authorities of higher levels of government and relevant industry organizations, this case has achieved remarkable results in industry defenses and other work involving companies, changed the European Union’s appeal to replace the United States, and selected China. The relevant data in Taiwan is used as the basis for calculating the normal value of the products involved, and has also been actively supported and supported by the EU's major importers, creating a better environment for responding to the case.

“The 5.3% anti-dumping duty has weakened our competitive advantage in exporting to the EU, but it is within our scope.” Yao, manager of Haifu Chemical Fiber Sales, told reporters that by responding to anti-dumping, companies not only kept the EU’s important markets, but also It is important to obtain a lot of experience from it, so that companies will pay more attention to quality improvement. From January to November this year, the company exported nearly 10,000 tons to the EU. Since the beginning of this year, the production capacity of 45,000 tons of 9 production lines of Haifu Chemical Fiber has reached full capacity and is in a state of “zero inventory” production and sales. Next year the company will also introduce three internationally advanced production lines with an additional capacity of 15,000 tons.