Special anti-dumping brings price advantages to glass fiber exports

Most of China's glass fiber products are exported. According to public statistics, the regional structure of Changhai's sales revenue, domestic sales revenue accounted for 54% in 2010, and 46% in foreign countries.

The EU anti-dumping investigation that began at the end of 2009 caused a significant blow to China's exports of fiberglass products. However, Changhai also conducted an anti-dumping investigation on China's composite materials industry as a whole and was subject to high anti-dumping duties. At the time, we had obtained special treatment through our own hard work. For example, on March 15, 2011, the European Commission made the final ruling on the anti-dumping investigation of glass fiber products originating in China: to give Changhai Co., Ltd. and Xinchanghai market economic treatment, impose an anti-dumping tax of 7.3%, which is not applicable to other Chinese companies. Give market economy treatment, and impose a 13.8% anti-dumping tax at the same time.

Therefore, the anti-dumping investigation not only did not adversely affect the company's export business to the European Union, but also brought further price competition advantages to Changhai's product exports to Europe.

“Other companies are actually envious of our long sea,” Xu Jiangxi said with some joy. “We have a 6.5% lower tariff than other companies, which means that we have a 6.5% price advantage under the same advantages, not to mention our The product has always been competitive."

At present, the EU market accounts for 20%-30% of Changhai's shares. As the anti-dumping case in the EU, Changhai shares instead have a competitive advantage. Xu Jiangxi revealed that the EU will increase its exports to the EU in order to further expand this advantage. “The EU is a high-end market, and this space for development is increasing. In the future, our production capacity can be further released.”