By Liz White, UT staff
Beijing-The Chinese Ministry of Commerce is to set anti-dumping duties on imported polyurethane fibres (known as spandex or elastane) originating from Japan, Singapore, Korea, Taiwan and the US.
In a 13 April statement, the ministry said it believes that dumping of the investigated products has taken place, which has caused, "material injury to mainland China's industry," with a direct relationship between the dumping and the injury.
The ministry will levy anti-dumping duties starting 24 May 2006, as follows:
1. Japanese companies:
2. Opelontex Co. Ltd 13.87%
2. Singapore companies
Invista (Singapore) Fibres Pte. Ltd 11.5%
3. Korean companies
Hyosung Corp. 0%
TongKook Corp. 0%
Taekwang Industrial Co. Ltd 0%
4. Taiwanese companies
Formosa Asahi Spandex Co. Ltd 5.09%
5. US companies61.00%