BEIJING—China will continue antidumping duties on chloroprene rubber originating from the U.S. as well as the European Union and Japan.
The five-year decision is an extension of the duties originally imposed in 2005 and follows a sunset review by the Chinese customs tariff commission, according to the ministry of commerce MOFCOM.
U.S. companies still will face a 151 percent taxation on CR products. Most EU suppliers also will see a 151 percent taxation rate. Exceptions are 11 percent for Arlanxeo Germany and 53 percent for Eni Rubber France.
Tax rates for most Japan-based companies is set at 44 percent. Japan's Denka Co. Ltd and Showa Denko Co. will have a 20.8 percent taxation and Tosoh Corp. faces a 10.2 percent rate.
CR is widely used in industrial applications, including wire and cable sheaths, hoses, oil-resistant rubber products as well as in sealing and waterproofing applications.
