Indonesia starts ADD probe on PET from four Asian countries

06 July 2012 06:48  [Source: ICIS news]

SINGAPORE (ICIS)--Indonesian authorities have launched anti-dumping duty (ADD) investigations on import of polyethylene terephthalate (PET) from South Korea, China, Singapore and Taiwan after local producers complained, industry sources said on Friday.

The investigation was launched last Friday, 29 June, by Indonesian Anti-Dumping Committee (KADI), according to an official document obtained by ICIS.

“KADI has received the application from P.T Indorama Synthetics, P.T. Indorama Ventures Indonesia and P.T. Polypet Karyapersada on behalf of the domestic industry to conduct an anti-dumping investigation,” the KADI document said.

“From the assessment on the application, KADI has found strong indication of the Polyethylene Terephthalate (PET) …imported in dumped prices causing injury on domestic industry producing like products,” it added.

According to market sources the investigation will take at least six months to one year to complete.

“In year 2011, the total imports into Indonesia were around 60,000-70,000 tonnes, about 30% of the local demand,” one major southeast Asian producer said.

By: Yu Guo
+65 6780 4359

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