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VOLUME XXI

September 14, 2023

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Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.

MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

(DIRECTORATE GENERAL OF TRADE REMEDIES)

NOTIFICATION

FINAL FINDINGS

New Delhi, the 28th January, 2021

Case No. ADD (O.I.) 34/2019

Subject : Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.

F. No. 6/43/2019-DGTR.—

A. BACKGROUND OF THE CASE

1. M/s Gujarat Narmada Valley Fertilizers & Chemicals Limited (hereinafter referred to as the “Applicant”) filed an application before the Designated Authority in accordance with Customs Tariff Act, 1975 (hereinafter also referred to as the “Act”) as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the “Anti-Dumping Rules” or “Rules”) for initiation of anti-dumping investigation concerning the imports of Toluene Di-Isocyanate (hereinafter also referred to as the “product under consideration” or “PUC” or the “subject goods”) from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates (hereinafter also referred to as the “subject countries”).

2. The Authority on the basis of prima facie evidence submitted by the Applicant, issued a public notice vide Notification No. 6/43/2019-DGTR dated 31st January, 2020 in the Gazette of India Extraordinary initiating the investigation in accordance with Section 9A of the Act read with Rule 5 of the Rules to determine existence, degree and effect of the alleged dumping of the subject goods originating in or exported from the subject countries and to recommend the amount of anti-dumping duty (ADD), which if levied, would be adequate to remove the alleged injury to the Domestic Industry.

3. The Authority having regard to the Act and the Rules, considered it appropriate to recommend interim duties and issued Preliminary Findings vide Notification No. 6/43/2019-DGTR dated 4th September, 2020, recommending imposition of provisional ADD on the imports of the subject goods, originating in or exported from the subject countries. Accordingly, the Central Government vide Notification No.43/2020-Customs dated 2nd December, 2020 imposed provisional ADD on imports of the Toluene Di-Isocyanate from Chinese Taipei, European Union, Saudi Arabia and United Arab Emirates for a period of 6 months.

https://taxguru.in/custom-duty/anti-dumping-investigation-imports-toluene-di-isocyanate.html

Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.

MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

(DIRECTORATE GENERAL OF TRADE REMEDIES)

NOTIFICATION

FINAL FINDINGS

New Delhi, the 28th January, 2021

Case No. ADD (O.I.) 34/2019

Subject : Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.

F. No. 6/43/2019-DGTR.—

A. BACKGROUND OF THE CASE

1. M/s Gujarat Narmada Valley Fertilizers & Chemicals Limited (hereinafter referred to as the “Applicant”) filed an application before the Designated Authority in accordance with Customs Tariff Act, 1975 (hereinafter also referred to as the “Act”) as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the “Anti-Dumping Rules” or “Rules”) for initiation of anti-dumping investigation concerning the imports of Toluene Di-Isocyanate (hereinafter also referred to as the “product under consideration” or “PUC” or the “subject goods”) from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates (hereinafter also referred to as the “subject countries”).

2. The Authority on the basis of prima facie evidence submitted by the Applicant, issued a public notice vide Notification No. 6/43/2019-DGTR dated 31st January, 2020 in the Gazette of India Extraordinary initiating the investigation in accordance with Section 9A of the Act read with Rule 5 of the Rules to determine existence, degree and effect of the alleged dumping of the subject goods originating in or exported from the subject countries and to recommend the amount of anti-dumping duty (ADD), which if levied, would be adequate to remove the alleged injury to the Domestic Industry.

3. The Authority having regard to the Act and the Rules, considered it appropriate to recommend interim duties and issued Preliminary Findings vide Notification No. 6/43/2019-DGTR dated 4th September, 2020, recommending imposition of provisional ADD on the imports of the subject goods, originating in or exported from the subject countries. Accordingly, the Central Government vide Notification No.43/2020-Customs dated 2nd December, 2020 imposed provisional ADD on imports of the Toluene Di-Isocyanate from Chinese Taipei, European Union, Saudi Arabia and United Arab Emirates for a period of 6 months.

https://taxguru.in/custom-duty/anti-dumping-investigation-imports-toluene-di-isocyanate.html

Stepan Announces Acquisition of Aromatic Polyester Polyol Business from INVISTA

Fri, January 29, 2021, 6:09 PM·5 min read

NORTHFIELD, Ill., Jan. 29, 2021 /PRNewswire/ — Stepan Company (NYSE: SCL) today announced that it has purchased INVISTA’s aromatic polyester polyol business and associated assets. Included in the transaction are two manufacturing sites, one in Wilmington, NC (United States) and the other in Vlissingen (the Netherlands), and intellectual property, customer relationships, inventory and working capital. The business acquired has global sales of approximately $100 million. This acquisition was financed with cash on hand and is expected to be accretive to Stepan’s EBITDA margins.

“We are excited to add INVISTA’s polyester polyol capabilities to Stepan. This acquisition expands our manufacturing capability in both the United States and Europe, enhances our business continuity capabilities for the market and supports the growth of our global rigid polyol business. We expect that INVISTA’s available spare capacity, plus debottlenecking opportunities in both plants, will allow Stepan to support market growth in a capital efficient way,” said F. Quinn Stepan, Jr. Chairman and Chief Executive Officer of Stepan. “We believe the long-term prospects for rigid polyol use in insulation remain strong as energy conservation efforts and more stringent building codes should continue to drive market growth. Additionally, we believe the acquired technology will accelerate our product leadership initiatives, drive manufacturing efficiencies and output, and create increased value for the overall market. We look forward to providing the highest level of service to our new customers and are excited to add the new employees and the two new sites to our global polyester polyol manufacturing network.”

Management will provide more perspective on this acquisition as part of Stepan Company’s fourth quarter and full year 2020 results conference call on February 18, 2021.

https://finance.yahoo.com/news/stepan-announces-acquisition-aromatic-polyester-230900320.html

Stepan Announces Acquisition of Aromatic Polyester Polyol Business from INVISTA

Fri, January 29, 2021, 6:09 PM·5 min read

NORTHFIELD, Ill., Jan. 29, 2021 /PRNewswire/ — Stepan Company (NYSE: SCL) today announced that it has purchased INVISTA’s aromatic polyester polyol business and associated assets. Included in the transaction are two manufacturing sites, one in Wilmington, NC (United States) and the other in Vlissingen (the Netherlands), and intellectual property, customer relationships, inventory and working capital. The business acquired has global sales of approximately $100 million. This acquisition was financed with cash on hand and is expected to be accretive to Stepan’s EBITDA margins.

“We are excited to add INVISTA’s polyester polyol capabilities to Stepan. This acquisition expands our manufacturing capability in both the United States and Europe, enhances our business continuity capabilities for the market and supports the growth of our global rigid polyol business. We expect that INVISTA’s available spare capacity, plus debottlenecking opportunities in both plants, will allow Stepan to support market growth in a capital efficient way,” said F. Quinn Stepan, Jr. Chairman and Chief Executive Officer of Stepan. “We believe the long-term prospects for rigid polyol use in insulation remain strong as energy conservation efforts and more stringent building codes should continue to drive market growth. Additionally, we believe the acquired technology will accelerate our product leadership initiatives, drive manufacturing efficiencies and output, and create increased value for the overall market. We look forward to providing the highest level of service to our new customers and are excited to add the new employees and the two new sites to our global polyester polyol manufacturing network.”

Management will provide more perspective on this acquisition as part of Stepan Company’s fourth quarter and full year 2020 results conference call on February 18, 2021.

https://finance.yahoo.com/news/stepan-announces-acquisition-aromatic-polyester-230900320.html