17 February 2011 16:00 [Source: ICIS news]
VALENCIA, Spain (ICIS)--European polyethylene terephthalate (PET) producers have initiated an anti-dumping investigation through the European Commission against producers in Oman and Saudi Arabia and their activities in 2010, sources said on Thursday.
A source at Oman-based PET production company Octal said: “The notice for the investigation was issued yesterday…Octal refutes the allegations”.
According to an interested party, a decision whether or not to impose anti-dumping duties or anti-subsidy duties on producers in Oman and Saudi Arabia has to be made within 13-15 months of the start of the investigation.
Customers’ choice of suppliers was already limited because of existing anti-dumping and anti-subsidy duties, sources said.
“If they block Octal and SABIC, who is left? KP Chemicals only,” a trader added.
Octal has the capacity to produce 360,000 tonne/year in ?xml:namespace>
Arabian Industrial Fibers Co (IBN Rushd), an affiliate of Saudi Basic Industries Corp (SABIC), has a nameplate capacity of 330,000 tonnes/year in Yanbu, according to ICIS Plants and Projects.
“[The campaign] is serving to protect a small number of people. The wider industry…is going to be affected by it,” a reseller said.
European producers were unable to comment.
The relevant sources at the European Commission and IBN Rushd were not available for comment at the time of going to press.
($1 = €0.74)
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