02 August 2011 20:20 [Source: ICIS news]
(adds paragraph 3)
BUENOS AIRES (ICIS)--An Argentine regulator approved investigations into possible dumping of polyvinyl chloride (PVC) and copolymer polyether polyols (CPP) from the US, a government source said on Tuesday.
The investigations were requested by Solvay Indupa and Dow Chemical, both of which produce the material in Argentina.
The Dow product covered by the investigation is flex polyol.
“We are the only local CPP producers in Argentina and this is why we are the damaged plaintiffs,” said Rolando Meninato, president of Dow Cono Sur.
A report from the National Foreign Trade Commission indicated that “between March of 2009 and February 2010, CPP imports from the US increased by 12%”, representing 28% of the domestic market throughout the same period.
Solvay Indupa’s claim was also reviewed by the National Foreign Trade Commission, which declared that “there is sufficient proof to back up the allegations of extensive damage to the national production of PVC as well as the causal relation with imports of alleged dumping originated in the US”.
According to the commission’s report, those imports rose from less than 5,000 tonnes in 2007 to over 35,500 tonnes in the first nine months of 2010.
This means PVC imports from the US represented 3% of Argentina’s domestic demand in 2007 and reached 31% of demand in January-September of 2010.
To determine the damage, the Foreign Trade National Commission will investigate data from the last three years and the first months of 2011.
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