The EU will repeal "anti-dumping" duties of up to 20 percent against Taiwanese thermoplastic-rubber exporters including Chi Mei Corp (奇美實業), exposing European producers such as Total SA to more competition.
The EU will also reject a demand by European makers of the chemical product -- used for road asphalt, roofing, shoes and adhesives -- for similar tariffs against South Korean and Russian exporters including Korea Kumho Petrochemical Co and OAO Gaz-prom unit Sibur.
Fairly priced styrene-butadiene-styrene thermoplastic rubber from the three nations and a 7 percent fall in European demand for the product rather than dumping caused European industry's share of its home market to drop to 82 percent in the 12 months to March 31 last year, from 89 percent in 2000, the EU said.
European producers "faced more intense competition, at fair prices, from imports," the EU said in the ruling due to take effect after publication in the Official Journal in the coming days. "It was also found that the decrease in consumption in the EU contributed to the injury."
The anti-dumping duties against Taiwan include a 9.1 percent levy against Chi Mei, a 5.3 percent tariff against Lee Chang Yung Chemical Industry Corp (李長榮化學工業) and a 20 percent duty against other Taiwanese exporters of the product. The EU imposed the tariffs for five years on Sept. 23, 2000.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
RSS