COMMISSION DECISION
of 27 June 2012
terminating the anti-dumping proceeding concerning imports of certain concentrated soy protein products originating in the People’s Republic of China
(2012/343/EU)
A.
PROCEDURE
1.
INITIATION
2.
PARTIES CONCERNED BY THE PROCEEDING
2.1. SAMPLING OF EXPORTING PRODUCERS
2.2. SAMPLING OF IMPORTERS
2.3. QUESTIONNAIRE REPLIES AND VERIFICATIONS
3.
INVESTIGATION PERIOD
4.
FINDINGS AT THE INTERIM STAGE
5.
SUBSEQUENT PROCEDURE
B.
PRODUCT CONCERNED AND LIKE PRODUCT
1.
PRODUCT CONCERNED
2.
LIKE PRODUCT
C.
DUMPING
1.
RELATIONSHIP BETWEEN SINOGLORY GROUP AND GUSHEN GROUP
2.
MARKET ECONOMY TREATMENT (MET)
3.
INDIVIDUAL TREATMENT (IT)
4.
NORMAL VALUE
(a)
Analogue country
(b)
Determination of normal value
5.
EXPORT PRICE
6.
COMPARISON
7.
DUMPING MARGINS
Company |
Dumping margin |
Crown Group |
59,4 % |
Gushen Group |
55,8 % |
Sinoglory Group |
67,0 % |
Cooperating non-sampled companies |
61,3 % |
Other companies |
67,0 % |
D.
INJURY
1.
INTRODUCTORY REMARKS
2.
UNION CONSUMPTION
Union consumption |
2007 |
2008 |
2009 |
IP |
||
Volume (in tonnes) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
100 |
92 |
92 |
||
|
3.
IMPORTS FROM THE COUNTRY CONCERNED
(a)
Volume
|
2007 |
2008 |
2009 |
IP |
||
Volume of dumped imports from the country concerned (tonnes) |
17 495 |
17 557 |
22 017 |
20 117 |
||
Index (2007 = 100) |
100 |
100 |
126 |
115 |
||
Market share of dumped imports from the country concerned — indexed |
100 |
100 |
136 |
125 |
||
|
(b)
Market share of the imports concerned
(c)
Prices
(i)
Price evolution
|
2007 |
2008 |
2009 |
IP |
||
CIF price of imports from the PRC (EUR/tonne) |
1 149 |
1 704 |
1 570 |
1 569 |
||
Index (2007 = 100) |
100 |
148 |
137 |
137 |
||
|
(ii)
Price undercutting
Company |
Undercutting |
Crown Group |
11,1 % |
Gushen Group |
9,6 % |
Sinoglory Group |
15,0 % |
4.
SITUATION OF THE UNION INDUSTRY
(a)
Production
|
2007 |
2008 |
2009 |
IP |
||
Production (tonnes) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
92 |
77 |
86 |
||
|
(b)
Production capacity and capacity utilisation
|
2007 |
2008 |
2009 |
IP |
||
Production capacity (tonnes) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
100 |
100 |
100 |
||
Capacity utilisation |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
92 |
77 |
86 |
||
|
(c)
Sales volume
|
2007 |
2008 |
2009 |
IP |
||
EU sales (tonnes) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
91 |
86 |
92 |
||
|
(d)
Market share
|
2007 |
2008 |
2009 |
IP |
||
Market share of the Union industry |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
91 |
92 |
99 |
||
|
(e)
Growth
(f)
Employment
|
2007 |
2008 |
2009 |
IP |
||
Employment (persons) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
101 |
91 |
93 |
||
|
(g)
Productivity
|
2007 |
2008 |
2009 |
IP |
||
Productivity (tonnes per employee) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
91 |
85 |
93 |
||
|
(h)
Factors affecting sales prices
|
2007 |
2008 |
2009 |
IP |
||
Unit price EU market (EUR/tonne) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
108 |
118 |
115 |
||
|
(i)
Magnitude of the dumping margin
(j)
Stocks
|
2007 |
2008 |
2009 |
IP |
||
Closing stock (tonnes) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
90 |
110 |
99 |
||
|
(k)
Wages
|
2007 |
2008 |
2009 |
IP |
||
Annual labour cost (EUR) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
105 |
103 |
107 |
||
|
(l)
Profitability and return on investments
|
2007 |
2008 |
2009 |
IP |
||
Profitability of EU (% of net sales) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
–89 |
10 |
–45 |
||
ROI (profit in % of net book value of investments) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
– 160 |
–9 |
– 109 |
||
|
(m)
Cash flow and ability to raise capital
|
2007 |
2008 |
2009 |
IP |
||
Cash flow (EUR) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
–93 |
24 |
–7 |
||
|
(n)
Investments
|
2007 |
2008 |
2009 |
IP |
||
Net investments (EUR) |
Business confidential data |
|||||
Index (2007 = 100) |
100 |
104 |
133 |
128 |
||
|