15 July 2009 00:05 [Source: ICIS news]
HOUSTON (ICIS news)--Mexican styrene butadiene rubber (SBR) producer Industrias Negromex began an investigation into possible dumping of SBR material into Mexico by North American suppliers, the company said on Tuesday.
Negromex is considering filing a complaint with Mexican regulators, and it may seek sanctions against companies that are found to be dumping, the company said.
The volume of SBR that was sold below the fair market value increased during 2009, Negromex said, adding that it would not “allow unfair practices that will damage the value of the market in Mexico”.
A US SBR producer said its inventories were not particularly high and that Negromex's announcement sounded like “sabre rattling”.
Negromex has a multipurpose synthetic rubber plant with a capacity of 120,000 tonnes/year of SBR and 30,000 tonnes/year of nitrile butadiene rubber (NBR).
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