US impose antidumping duties xanthan gum from China, Austria

US to impose antidumping duties on xanthan gum from China, Austria

12:10 PM, 16th January 2013
US to impose antidumping duties on xanthan gum from China, Austria

WASHINGTON DC, US: The US Commerce Department preliminarily determined that producers and exporters from China and Austria sold xanthan gum in the US market at less than fair value, signaling that it may impose punitive duties on the products. The US Commerce found the products from China and Austria were sold at dumping margins of 21.69 per cent to 154.07 per cent, and 17.18 per cent respectively. The department is scheduled to make its final determination in May 2013.

Punitive duties would be imposed after both the Commerce and the US International Trade Commission (USITC) make affirmative final rulings. The USITC is expected to make a final decision in May 2013. The petitioner for the investigation is CP Kelco US, Inc based in Atlanta, Georgia, one of the remaining two US producers of xanthan gum.

The US move came at a time when protectionism is reviving in the country amid sluggish economic recovery. It was widely believed that such actions would hurt US-China trade relations that are increasingly critical to global economic recovery.

© Xinhua News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Rentech completes urea capacity expansion in Illinois, US

LOS ANGELES, US: Rentech Nitrogen Partners LP has completed its previously announced capacity expansion project to increase urea production by 21,900 ...

Read more
Synthesis Energy to study gasification technology feasibility for ‘green’ chemicals production

HOUSTON, US: Synthesis Energy Systems Inc has entered into an agreement with an undisclosed US based company to assess the feasibility and optimal use ...

Read more
Jacobs bags Reliance’s petrochemical complex contract in Jamnagar, India

PASADENA, US: Jacobs Engineering Group Inc has been selected by Reliance Industries Limited (RIL) to provide engineering and procurement assistance se ...

Read more
Songwon appoints new Sales Director Europe, Elena Scaltritti

ULSAN, KOREA: Songwon Industrial Group announced that as of 1 January 2013, Elena Scaltritti has taken over the role of Director of Sales for Greate ...

Read more
Evonik invests in Emerald Cleantech Fund

ESSEN, GERMANY: Evonik Industries strengthens its Corporate Venturing activities with an investment in the Cleantech Fund III of Emerald Technology Ve ...

Read more
Ciner to invest $1.35 billion in soda ash facility

  ISTANBUL, TURKEY: Ciner Group, a Turkish company with interests in mining, energy and media, will invest $1.35 billion in a soda ash productio ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X