COMMISSION DECISION
of 3 April 2007
terminating the anti-dumping proceeding concerning imports of pentaerythritol originating in the People’s Republic of China, Russia, Turkey, Ukraine and the United States of America
(2007/214/EC)
A. PROCEDURE
1. Initiation
2. Parties concerned by the proceeding
3. Investigation period
B. PRODUCT CONCERNED AND LIKE PRODUCT
1. Product concerned
2. Like product
C. DUMPING
1. General methodology
2. Normal value
3. Export price
(a) Comparison
(b) Dumping margin
4. Turkey
(a) Normal value
(b) Export price
(c) Comparison
(d) Dumping margin
5. People’s Republic of China (PRC) and Ukraine
(a) Market economy treatment (MET)
(b) Individual treatment (IT)
(c) Normal value
(i) Analogue country
(ii) Determination of normal value in the analogue country
(d) Export prices
(e) Comparison
(f) Dumping margins
Country |
Dumping margin |
PRC |
18,7 % |
Ukraine |
10,3 % |
6. Russia and the United States of America (USA)
Country |
Dumping margin |
Russia |
25 % |
USA |
54 % |
D. INJURY
1. Community production
2. Definition of the Community industry
3. Community consumption
|
2002 |
2003 |
2004 |
IP |
Community consumption (tonnes) |
83 195 |
80 697 |
80 403 |
73 025 |
Index |
100 |
97 |
97 |
88 |
4. Imports into the Community from the countries concerned
(a) Cumulation
(b) Margin of dumping and volume of imports
(c) Conditions of competition
(d) Cumulated volume and market share
|
2002 |
2003 |
2004 |
IP |
Import volumes (tonnes) |
1 235 |
3 397 |
4 752 |
5 136 |
Index |
100 |
275 |
385 |
416 |
Market share |
1 % |
4 % |
6 % |
7 % |
(e) Prices of imports and undercutting
|
2002 |
2003 |
2004 |
IP |
Import prices (EUR/tonne) |
1 131 |
1 032 |
1 030 |
988 |
Index |
100 |
91 |
91 |
87 |
5. Situation of the Community industry
(a) Production, production capacity and capacity utilisation
|
2002 |
2003 |
2004 |
IP |
Production (tonnes) |
111 665 |
103 913 |
115 204 |
108 309 |
Index |
100 |
93 |
103 |
97 |
|
2002 |
2003 |
2004 |
IP |
Production capacity (tonnes) |
117 020 |
119 020 |
123 987 |
123 987 |
Index |
100 |
102 |
106 |
106 |
Capacity utilisation |
95 % |
87 % |
93 % |
87 % |
(b) Stocks
|
2002 |
2003 |
2004 |
IP |
Stocks (tonnes) |
3 178 |
6 598 |
6 910 |
7 122 |
Index |
100 |
208 |
217 |
224 |
(c) Sales volume, market shares and average unit prices in the Community
|
2002 |
2003 |
2004 |
IP |
Sales volume in the EC (tonnes) |
64 663 |
61 308 |
58 681 |
54 543 |
Index |
100 |
95 |
91 |
84 |
Market share |
78 % |
76 % |
73 % |
75 % |
|
2002 |
2003 |
2004 |
IP |
Weighted average price (EUR/tonne) |
1 163 |
1 203 |
1 151 |
1 040 |
Index |
100 |
103 |
99 |
89 |
(d) Profitability and cash flow
|
2002 |
2003 |
2004 |
IP |
Pre-tax profit margin |
12,6 % |
7,5 % |
5,7 % |
–11,5 % |
|
2002 |
2003 |
2004 |
IP |
Cash Flow (EUR) |
16 189 720 |
9 427 189 |
4 441 120 |
–3 012 661 |
Index |
100 |
58 |
27 |
–19 |
(e) Investments, return on investments, and ability to raise capital
|
2002 |
2003 |
2004 |
IP |
Investments (EUR) |
3 756 302 |
8 483 655 |
2 956 275 |
4 394 137 |
Index |
100 |
226 |
79 |
117 |
|
2002 |
2003 |
2004 |
IP |
Return on investment |
18,5 % |
10,5 % |
7,9 % |
–13,5 % |
Index |
100 |
57 |
43 |
–73 |
(f) Employment, productivity and wages
|
2002 |
2003 |
2004 |
IP |
Number of employees |
290 |
296 |
293 |
299 |
Index |
100 |
102 |
101 |
103 |
Productivity (tonnes/employee) |
385 |
351 |
393 |
362 |
Index |
100 |
91 |
102 |
94 |
Labour costs per employee (EUR) |
43 379 |
44 469 |
46 899 |
44 921 |
Index |
100 |
103 |
108 |
104 |
(g) Growth
(h) Magnitude of the actual margin of dumping and recovery from past dumping
6. Conclusion on injury
E. CAUSATION
1. Preliminary remark
2. Effect of the dumped imports
3. Effect of other factors
(a) Decrease in EC consumption
(b) Imports from other third countries
|
2002 |
2003 |
2004 |
IP |
Chile |
||||
Volume (tonnes) |
1 600 |
536 |
1 032 |
1 384 |
Index |
100 |
34 |
65 |
87 |
Prices (EUR/tonne) |
1 141 |
1 245 |
1 128 |
981 |
Index |
100 |
109 |
99 |
86 |
India |
||||
Volume (tonnes) |
0 |
119 |
390 |
551 |
Index |
0 |
100 |
328 |
141 |
Prices (EUR/tonne) |
0 |
1 167 |
1 085 |
1 253 |
Index |
0 |
100 |
87 |
84 |
Taiwan |
||||
Volume (tonnes) |
343 |
657 |
1 840 |
863 |
Index |
100 |
192 |
536 |
252 |
Prices (EUR/tonne) |
1 071 |
1 060 |
1 003 |
1 004 |
Index |
100 |
99 |
94 |
94 |
Turkey |
||||
Volume (tonnes) |
6 300 |
7 065 |
8 957 |
6 730 |
Index |
100 |
112 |
142 |
107 |
Prices (EUR/tonne) |
1 292 |
1 339 |
1 277 |
1 097 |
Index |
100 |
104 |
99 |
85 |
Japan |
||||
Volume (tonnes) |
0 |
20 |
58 |
65 |
Index |
0 |
100 |
290 |
112 |
Prices (EUR/tonne) |
0 |
3 905 |
3 334 |
2 731 |
Index |
0 |
100 |
85 |
82 |
(c) Export performance of the Community industry
|
2002 |
2003 |
2004 |
IP |
Sales volume in non-EC markets (tonnes) |
44 333 |
35 376 |
46 460 |
45 587 |
Index |
100 |
80 |
105 |
103 |
Average sales prices in non-EC markets (EUR/tonne) |
1 034 |
1 090 |
1 001 |
958 |
Index |
100 |
105 |
97 |
93 |
(d) Other Community producers
(e) Increase in raw material prices
4. Conclusion on causation
5. Imports from the USA
|
2002 |
2003 |
2004 |
IP |
Import prices (EUR/tonne) |
1 935 |
2 212 |
1 251 |
1 244 |
Index |
100 |
114 |
65 |
64 |