European PET producers initiate EU anti-dumping investigation

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 Salalah, Oman. 

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)

For more on PET, PTA visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry visit ICIS connect

By: Caroline Murray
44208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly