Guangzhou, Guangdong -- (SBWIRE) -- 07/01/2011 -- On 7 June 2011, the investigation team from South Korea Trade Commission (SKTC) started a fourday review through on-site verification to Guangxi Pinggui PGMA Co., Ltd. (Pinggui PGMA) on TiO2 antidumping. It's the third time that South Korea operates anti-dumping investigation on China-made anatase TiO2. Having responded alone to South Korea's prosecution for the previous two times, Pinggui PGMA obtains the lowest anti-dumping duty among all China's anatase TiO2 exporters correspondingly, according to CCM’s June issue of TiO2 China Monthly Report.
Pinggui PGMA explains that on-site verification is based on the company's written responses submitted in advance aiming at check the accuracy and reliability of such
responses. The verification is mainly focused on the actual state of Pinggui PGMA's TiO2 production cost and domestic sales cost, and then to know whether there is dumping export price or not in Pinggui PGMA. After the on-site verification, SKTC will hold a hearing on June 22 to make the anti-dumping ruling.
It is known that in May 2004, the Korean company Cosmo Chemical Co., Ltd. (COSMO), which also produces anatase TiO2, submitted a case to the court. It accused China of dumping anatase TiO2 into the Korean market, which led to the decrease of Korean products' market share and corresponding profit decline. Therefore, SKTC carried out anti-dumping investigation on the TiO2 from China for the first time in May 2004.
Source: TiO2 China Monthly Report June 2011
http://www.cnchemicals.com/Newsletter/TiO2ChinaMonthlyReport.shtml
Content of TiO2 China Monthly Report June 2011:
China's TiO2 trade surplus strengthens in April 2011
Titanium feedstock import volume declines in April 2011
Vietnam to stop ilmenite export by late 2011
Pathfinder Minerals to combine licences
Iluka responds to titanium feedstock undersupply
Rio Tinto to invest in Quebec titanium feedstock operations
Sichuan Lomon becomes National Innovation-oriented Enterprise
Annada expects strong results in H1 2011
Jacobs secures EPCM contract from DuPont
Pinggui PGMA responds to anti-dumping investigation
Dongfang Titanium starts a 60,000t/a TiO2 project
Guangxi Tengxian enhances TiO2 development
Pangang Group strengthens TiO2 production in June 2011
PPG acquires South African distributor Ducol Coatings
AkzoNobel builds TiO2 plant in China
PPG sets up China headquarters
Skshu's new production line put into production
Maydos Brand strengthens with honor title
Price update of TiO2 and its feedstock in June 2011
Viewpoints on China's TiO2 price rise
TiO2 multinationals continue to announce price hikes
NDRC has raised power price since June 1, 2011
TiO2 China Monthly Report, a monthly publication issued by CCM International on 25th of every month, will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry.
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