China Fiberglass Co.,Ltd. Encountered Anti-dumping Investigation from Turkey

[2010-02-04 09:04:35]


China Fiberglass Co.,Ltd. encountered anti-dumping investigation from the Ministry of Foreign Trade of Turkey. China Fiberglass Co.,Ltd. said that they learned on January 27th 2010 that the Ministry of Foreign Trade of Turkey recently released announcement to take anti-dumping investigation on glass fiber products originated from China. Once Turkey finally confirmed that the anti-dumping phenomenon of China-exported glass fiber products really existed, they would impose a certain range anti-dumping duty on glass fiber products which were under Chinese anti-dumping investigation items and had already entered Turkey.

The announcement released by China Fiberglass Co.,Ltd. shown that, enterprises involved in the anti-dumping investigation included its subsidiary company of Jushi Group Co.,Ltd., whose share held by China Fiberglass Co.,Ltd.. In 2008, the value of glass fiber products exported from Jushi Group Co.,Ltd. to Turkey amounted to 5.1644 million U.S. dollars, accounting for 0.9 percent of the whole year's business income in the company.

At present, China Fiberglass Co.Ltd has started relevant work to cope with the anti-dumping investigation, including setting up anti-dumping group for a reply as well as inviting professional lawyer organ to cope with anti-dumping legal affairs. China Fiberglass Co.,Ltd. said that they will pay close attention and continue to disclose the headway of Turkey glass fiber anti-dumping investigation.


Source: ETCN
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