Dow Corning fears impact from China polysilicon anti-dumping probe

20 July 2012 13:45  [Source: ICIS news]

HOUSTON (ICIS)--Dow Corning fears that an escalating trade dispute between China and the US over polysilicon could have a serious impact on its ability to sell in China, the US-based producer said on Friday.

Dow Corning was reacting to news on Friday that China started an anti-dumping and anti-subsidy investigation on polysilicon imports from the US, as well as South Korea. In March, the US had imposed duties on solar panel imports from China.

“This issue is serious and could impact Hemlock Semiconductor’s ability to sell material to China – its largest market - if the Chinese government assesses duties against US manufactured polysilicon sold into China,” said Dow Corning CEO Robert Hansen.

Hemlock is a Dow Corning joint venture that makes and sells a range of silicon-based products.

Hansen said that he is disappointed that the US and China have yet to negotiate a settlement to the global trade dispute in the solar industry.

The dispute proved that no country or industry could win when a trade dispute escalates, Hansen added.

In China, the dispute threatens that country’s access to technical collaboration and materials supplied by Hemlock - potentially leading to higher costs and less competitive solar product from China, Hansen said.

At the same time, the dispute has put at risk more than $1bn (€810m) of US exports, along with potentially thousands of US jobs in the solar industry, he said.

“Dow Corning and Hemlock Semiconductor will continue to work closely with government officials from the US and China to express the need for trade policies that acknowledge the dynamics and opportunities of a new and emerging global industry,” Hansen said.

“Ultimately, I am optimistic that a reasonable and mutually acceptable resolution is within reach which will enable and foster growth and cooperation,” he added.

In May, Germany-based polysilicon firm Wacker warned the EU not to impose duties on solar modules from China as that could deter the development of the photovoltaic (PV) industry.

Additional reporting by Dolly Wu in Singapore

($1 = €0.82)

By: Stefan Baumgarten
+1 713 525 2653

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

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index

Related Articles