Brazil cuts TDI import tariff to 2% from 14%

20 June 2012 21:46  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil's Chamber of Foreign Trade (Camex) lowered the nation's tariff on toluene di-isocyanate (TDI) imports to 2% from 14%, it said on Wednesday.

Camex said it reduced the tariff to preserve supplies of the product, as the only TDI plant in Brazil stopped production.

Dow Chemical said in April that it would close the TDI plant.

On 16 March, Camex reduced the tariff from 28% to 14%.

The Camacari TDI facility has been closed for maintenance since October 2011, Dow said. The plant has a capacity of 60,000 tonnes/year, according to ICIS plants and projects.

Dow’s Camacari unit had been supplying about 40-45% of Brazil’s TDI requirements, with the balance coming from imports.

Additional reporting by Ron Coifman

By: Leo Siqueira
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