China gives final say on terephthalic acid products from S. Korea and Thailand

08:48, August 13, 2010      

Email | Print | Subscribe | Comments | Forum 

The final result on the anti-dumping investigation China launched on pure terephthalic acid products imported from South Korea and Thailand has been published by the Ministry of Commerce (MOC) Thursday.

According to the MOC, both countries were exporting products to China in large amounts, which actually formed dumping actions to China and directly caused material injures to Chinesebusinessmen of the field.

In the coming five years, duties ranging from 2.0 to 20.1 percent will be levied by the Customs Tariff Commission of the State Council on terephthalic acid products coming from both countries, said the ministry Today.

South Korean companies who will be directly affected by the new implementation include: Hyosung Corporation, Samsung Petrochemical Company Limited, SK Petrochemical Co, Ltd, Samnam Petrochemical Co., Ltd, KP Chemical Corporation, Taekwang Industrial Co., Ltd., among others.

While counterparts from Thailand include: Plus Indorama Petrochem Ltd, Siam Mitsui PTA Co., Ltd, TPT Petrochemicals Public Co., Ltd., among others.

The MOC initiated the investigation on February 12, 2009 and released a preliminary ruling on February 2, 2010.

Terephthalic acid is an organic compound with formula C6H4(COOH)2. This colourless commodity chemical is used principally as a precursor to the polyester PET- used to make clothing and plastic bottles. Several billion kilograms are produced annually.

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Staff members watch a screen showing the blast-off of the Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module at Beijing Aerospace Control Center, Sept. 29, 2011. Commander-in-chief of China's manned space program Chang Wanquan announced Thursday night that the launch of Tiangong-1 space lab module was successful. (Xinhua/Wang Shen)
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
Hot Forum Discussion