Thursday, October 20, 2011

Li Heng

Li Heng: China imposes anti-dumping tariff of 2.2% to 25.5% on Caprolactam (CPL) imported from US and EU member states for period of 5 yrs from 22 Oct 2011. This is a major raw material for co used in production of Polyamide chips used in nylon yarn products. Co has over 90% of CPL purchases not subject to the tariffs and has arranged with suppliers to source from countries unaffected by the tariffs. Impact of tariffs expected to be immaterial.

This might still affect other chem-fibre co such as China Sky, China Fibre Tech, China Taisan, Foreland Fabritech.

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