Xiang Lu Petrochemical Wins The Largest International Anti-Dumping Case &Nbsp, Involving US $3 Billion 600 Million.

"China's PTA industry has finally got the opportunity to breathe and develop again." Yesterday afternoon, Liu Dewei, general manager of Xiang Lu Formosa Petrochemical Co, lamented that the anti-dumping case against PTA of Korea and Thailand launched by his company, Xiang Lu Petrochemical Company, was finally awarded the final report of the Ministry of Commerce 20 months later.

It originated in Thailand and Korea. Imported The existence of PTA's identification of dumping cases in China is the first case of foreign anti-dumping cases in Xiamen enterprises. The sum of $3 billion 600 million is also the largest in the history of international anti-dumping cases.

Push back to "desperate situation"

PTA is the most important chemical raw material and beverage packaging industry in polyester industry. raw material 。 Although China's PTA capacity currently accounts for 41% of the total capacity of the world and 34% of the world's total capacity by 15 million 500 thousand tons, the domestic demand is huge, and many countries such as Korea, Thailand, Japan, Malaysia and Mexico are still targeting China.

2007, Xiang Lu petrochemical Management condition Rapidly deteriorating, the two phase 1 million 500 thousand tons project, which was planned to open in 2008, was forced to be cancelled, and the first layoffs in the company's history had to be made in 2008. In the same year, Hualian three Xin, the largest PTA factory in China, was forced to restructure.

"The whole industry loss of PTA industry in China first appeared in 2007." Liu Dewei said that after investigation, they found that although the financial crisis was one of the reasons for the decline of the whole industry, PTA dumping in Korea and Tai was the root cause.

In December 12, 2008, Xiang Lu Petrochemical Company, which was forced to take the initiative, contacted the same industry - Zhejiang Yisheng Petrochemical Company and Hualian three Xin, jointly filed a lawsuit against South Korea and Thailand PTA anti-dumping.

It takes 20 months to win a lawsuit.

As a matter of fact, Xiamen's enterprises have suffered from ups and downs since 1988. In 1988, since the first time Xiamen's color TV was subjected to anti-dumping by the European Union, over 10 kinds of products such as canned mushrooms, bicycles, energy saving lamps, stone products and wooden furniture have been subjected to foreign anti-dumping investigations.

"Xiang Lu Petrochemical Company and the main production enterprises in China jointly initiated anti-dumping investigations and won the lawsuit. This is a good example for other enterprises to make use of the trade remedy rules to safeguard their rights and interests." Ke Jian, deputy director of Xiamen Economic Development Bureau, said yesterday at the city industrial safety summing conference. It is obvious that the first case of anti-dumping against foreign companies by the Xiamen and Shenzhen enterprises was very inspiring for many enterprises that had once suffered anti-dumping hardships.

In August 11, 2010, the Customs Tariff Commission of the State Council decided to levy anti-dumping duties on PTA originating in Korea and Thailand from the next day, with a tax rate ranging from 2% to 20.1%.

China's PTA is finally "reborn"

"This two development opportunity has not been easy, especially after the pain of the industry is at the edge of loss, the pain rate of less than 75% of the start-up rate and the 20 month arduous litigation process." Liu Dewei, who was interviewed by reporters yesterday, regrets, "we finally won a clean and fair competition environment."

According to introducing, even in the litigation period from January to July this year, the overall situation of China's PTA industry is better than last year. Liu Dewei exemplified that Xiang Lu Petrochemical completed the total profit of last year -7 month in January this year. Many projects that failed to start in time within the two phase of the Xiang Lu petrochemical project accelerated the pace of production, and the original shelved projects were ready to start again.

"In the next 3 to 5 years, the capacity of China's PTA industry will increase from 41% of Asia's total capacity to more than 60%." Liu Dewei said that they will refocus their energies on industrial innovation and enhance competitiveness through more integrated and inexpensive products through integration of information and logistics.