COMMISSION IMPLEMENTING REGULATION (EU) 2016/2005
of 16 November 2016
imposing a provisional anti-dumping duty on imports of certain lightweight thermal paper originating in the Republic of Korea
1.
PROCEDURE
1.1.
Initiation
1.2.
Interested parties
(a)
Sampling
(b)
Replies to the questionnaire
(c)
Verification visits
(d)
Presentation of data
1.3.
Investigation period and period considered
2.
PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product concerned
2.2.
Like product
2.3.
Claims regarding product scope
3.
DUMPING
3.1.
Preliminary remark
3.2.
Normal value
3.3.
Export price
3.4.
Comparison
3.5.
Dumping margin
Company |
Provisional dumping margin |
Hansol group (Hansol Paper Co., Ltd and Hansol Artone Paper Co., Ltd) (%) |
12,1 |
All other companies (%) |
12,1 |
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2012 |
2013 |
2014 |
Investigation period |
Total Union consumption |
163 000 -168 000 |
178 000 -183 000 |
178 000 -183 000 |
189 000 -194 000 |
Index |
100 |
109 |
108 |
115 |
Source: injury and dumping questionnaires. |
4.3.
Imports from the country concerned
4.3.1.
Volume and market share of the imports from the country concerned
|
2012 |
2013 |
2014 |
Investigation period |
Volume of imports from the country concerned (tonnes) |
1 000 -2 000 |
12 000 -17 000 |
19 000 -25 000 |
23 000 -28 000 |
Index |
100 |
1 268 |
1 949 |
2 279 |
Market share (%) |
0,7 |
8,0 |
12,4 |
13,6 |
Index |
100 |
1 169 |
1 801 |
1 975 |
Source: dumping and injury questionnaires. |
4.3.2.
Prices of the imports from the country concerned and price undercutting
|
2012 |
2013 |
2014 |
Investigation period |
Average price of Korean imports |
1 400 -1 500 |
1 450 -1 550 |
1 300 -1 400 |
1 200 -1 300 |
Index |
100 |
103 |
92 |
85 |
Source: dumping questionnaire. |
4.4.
Economic situation of the Union industry
4.4.1.
General remarks
4.4.2.
Macroeconomic indicators
4.4.2.1.
Production, production capacity and capacity utilisation
|
2012 |
2013 |
2014 |
Investigation period |
Production volume (tonnes) |
376 150 |
344 525 |
349 601 |
372 645 |
Index |
100 |
92 |
93 |
99 |
Production capacity (tonnes) |
393 333 |
404 080 |
401 142 |
402 997 |
Index |
100 |
103 |
102 |
102 |
Capacity utilisation (%) |
96 |
85 |
87 |
92 |
Index |
100 |
89 |
91 |
97 |
Source: injury questionnaires and information submitted by the complainant. |
4.4.2.2.
Sales volume and market share
|
2012 |
2013 |
2014 |
Investigation period |
Sales volume on the Union market (tonnes) |
159 000 -164 000 |
160 000 -165 000 |
153 000 -158 000 |
160 000 -165 000 |
Index |
100 |
101 |
97 |
101 |
Market share (%) |
96,9 |
90,3 |
86,7 |
85,1 |
Index |
100 |
94 |
90 |
88 |
Source: injury questionnaires and information submitted by the complainant. |
4.4.2.3.
Growth
4.4.2.4.
Employment and productivity
|
2012 |
2013 |
2014 |
Investigation period |
Number of employees |
851 |
784 |
797 |
842 |
Index |
100 |
92 |
94 |
99 |
Productivity (unit/employee) |
442 |
439 |
439 |
443 |
Index |
100 |
99 |
99 |
100 |
Source: injury questionnaires and information submitted by the complainant. |
4.4.2.5.
Magnitude of the dumping margin and recovery from past dumping
4.4.3.
Microeconomic indicators
4.4.3.1.
Prices and factors affecting prices
|
2012 |
2013 |
2014 |
Investigation period |
Average unit sales price in the Union on the market (EUR/tonnes) |
1 316 |
1 297 |
1 181 |
1 176 |
Index |
100 |
98 |
90 |
89 |
Unit cost of production (EUR/tonnes) |
1 177 |
1 176 |
1 155 |
1 215 |
Index |
100 |
100 |
98 |
103 |
Source: injury questionnaires. |
4.4.3.2.
Labour costs
|
2012 |
2013 |
2014 |
Investigation period |
Average labour costs per employee (EUR) |
64 244 |
63 424 |
65 919 |
67 047 |
Index |
100 |
99 |
103 |
104 |
Source: injury questionnaires. |
4.4.3.3.
Inventories
|
2012 |
2013 |
2014 |
Investigation period |
Closing stocks (tonnes) |
24 000 -29 000 |
15 000 -20 000 |
23 000 -28 000 |
23 000 -28 000 |
Index |
100 |
65 |
94 |
93 |
Closing stocks as a percentage of production (%) |
7,9 |
5,9 |
8,3 |
7,6 |
Index |
100 |
74 |
105 |
96 |
Source: injury questionnaires. |
4.4.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
|
2012 |
2013 |
2014 |
Investigation period |
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
13,0 |
11,5 |
5,3 |
– 0,5 |
Index |
100 |
89 |
41 |
– 4 |
Cash flow (EUR) |
80 000 000 -100 000 000 |
45 000 000 -65 000 000 |
10 000 000 -30 000 000 |
10 000 000 -30 000 000 |
Index |
100 |
64 |
19 |
21 |
Investments (EUR) |
1 500 000 -6 500 000 |
2 000 000 -7 000 000 |
6 000 000 -11 000 000 |
4 500 000 -9 000 000 |
Index |
100 |
116 |
280 |
203 |
Return on investments (%) |
203,93 |
132,56 |
58,28 |
57,17 |
Index |
100 |
65 |
29 |
28 |
Source: injury questionnaire. |
4.4.4.
Conclusion on injury
5.
CAUSATION
5.1.
Effects of the dumped imports
5.2.
Effects of other factors
5.2.1.
Imports from third countries
|
|
2012 |
2013 |
2014 |
Investigation period |
Total of all third countries except the country concerned |
Volume (tonnes) |
3 500 -5 000 |
2 000 -3 500 |
1 500 -3 000 |
2 000 -3 500 |
Index |
100 |
75 |
44 |
63 |
|
Market share (%) |
2,4 |
1,7 |
1,0 |
1,3 |
|
Average price (EUR) |
799 |
631 |
677 |
1 147 |
|
Index |
100 |
79 |
85 |
143 |
|
Source: dumping questionnaire and ETPA's estimates. |
5.2.2.
Export performance of the Union industry
|
2012 |
2013 |
2014 |
Investigation period |
Export volume (tonnes) |
70 000 -90 000 |
90 000 -110 000 |
100 000 -120 000 |
95 000 -115 000 |
Index |
100 |
125 |
135 |
127 |
Average price (EUR/tonnes) |
1 234 |
1 177 |
1 127 |
1 211 |
Index |
100 |
95 |
91 |
98 |
Source: injury questionnaires. |
5.2.3.
Anti-dumping duties in the USA
5.2.4.
Price depression of phenol-free LWTP
5.2.5.
Other reasons
5.3.
Conclusion on causation
6.
UNION INTEREST
6.1.
Interest of the Union industry
6.2.
Interest of other interested parties
6.3.
Conclusion on Union interest
7.
PROVISIONAL ANTI-DUMPING MEASURES
7.1.
Injury elimination level (Injury margin)
7.2.
Provisional measures
Country |
Company |
Dumping margin |
Injury margin |
Provisional anti-dumping duty |
The Republic of Korea |
Hansol group (Hansol Paper Co., Ltd and Hansol Artone Paper Co., Ltd) (%) |
12,1 |
35,8 |
12,1 |
All other companies (%) |
12,1 |
35,8 |
12,1 |