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.
INVENTORY DOUBLED: Key parts have backed up in warehouses, halting notebook production, as Acer’s CEO said that a gradual reopening would not solve the problem PC vendor Acer Inc (宏碁) yesterday said that lockdowns in China to control COVID-19 upended key component supply and disrupted PC production, although chip shortages have been improving. While chip supply constraints largely eased in the first quarter, the company faces uneven supplies of key components due to COVID-19 restrictions in China, Acer chairman and CEO Jason Chen (陳俊聖) told an online news conference. “Semiconductor shortage was the biggest problem in the first half of last year,” Chen said. “Now, we are beset by a supply chain issue caused by China's lockdowns.” With key components unable to be delivered and backing up in
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
E Ink Holdings Inc (元太科技) yesterday said it would further expand capacity to cope with robust demand for e-paper displays used in e-readers, e-notes and electronic shelf labels, as the COVID-19 pandemic and rising inflation have not dampened consumer demand. Although rising inflation is weakening companies’ purchasing power, E Ink said that its customers have not scaled down orders for e-paper displays used in e-readers. “Reading is still the most affordable leisure activity that people have,” E Ink CEO Johnson Lee (李政昊) told an online investors’ conference in Taipei. As e-books are less expensive than paper books, “we have so far not seen
Covestro Taiwan Ltd (台灣科思創) yesterday launched a new research and development center that is to specialize in resin synthesis and fiberoptic coating after its parent company, Covestro AG, acquired a resins business from Royal DSM, it said. The German company in September 2020 agreed to buy the resins and functional materials business from Royal DSM for about 1.61 billion euros (US$1.69 billion), corporate data showed. The Dutch company’s local units, such as Covestro Resins (ROA) Ltd (帝昇) and Covestro Resins (Taiwan) Ltd (新力美), are next month to be integrated into Covestro Taiwan Ltd, with their employees continuing resins development, Covestro Taiwan said. The
RSS