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NEWS RELEASE 04-040; May 7, 2004 May 7, 2004
News Release 04-040
Inv. Nos. 701-TA-439-440 and 731-TA-1077-1080 (P)

ITC VOTES TO CONTINUE CASES ON POLYETHYLENE TEREPHTHALATE (PET) RESIN FROM INDIA, INDONESIA, TAIWAN, AND THAILAND

The United States International Trade Commission (ITC) today determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of polyethylene terephthalate (PET) resin from India and Thailand that are allegedly subsidized and from India, Indonesia, Taiwan, and Thailand that are allegedly sold in the United States at less than fair value.

All six Commissioners voted in the affirmative.

As a result of the Commission's affirmative determinations, the U.S. Department of Commerce will continue to conduct its antidumping and countervailing duty investigations of imports of polyethylene terephthalate (PET) resin from India, Indonesia, Taiwan, and Thailand, with its preliminary countervailing duty determinations due on or about June 17, 2004, and its preliminary antidumping determinations due on or about August 31, 2004.

The Commission's public report Polyethylene Terephthalate (PET) Resin from India, Indonesia, Taiwan, and Thailand (Investigation Nos. 701-TA-439-440 and 731-TA-1077-1080 (Preliminary), USITC Publication 3694, May 2004) will contain the views of the Commission and information developed during the investigations.

Copies of the report are expected to be available after June 7, 2004, by calling 202-205-1809 or from the Office of the Secretary, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Office of Industries
Washington, DC 20436

FACTUAL HIGHLIGHTS

Polyethylene Terephthalate (PET) Resin from India, Indonesia, Taiwan, and Thailand
Investigations Nos. 701-TA-439-440 and 731-TA-1077-1080 (Preliminary)

Product Description: For purposes of this investigation, the product covered is PET bottle-grade resin (PET) having an intrinsic viscosity (IV) of at least 0.68 deciliters per gram but not more than 0.86 deciliters per gram. PET may contain various additives, including blends of virgin and recycled PET. Waste and scrap PET are outside the scope of the investigations, as well as fiber-grade PET resin having an IV less than 0.68, and materials such as tire cord which exceed 0.86 IV. PET is a large volume commodity thermoplastic polyester resin used in myriad applications, including soda, water and juice bottles, specialty food containers, sheet and strapping. The merchandise subject to this investigation is properly classified under the statistical reporting number 3907.60.0010 of the Harmonized Tariff Schedule of the United States (HTS); however, merchandise covered by HTS statistical reporting number 3907.60.0050 that otherwise meets the written description of the scope, is also included.

Status of Proceedings:
1.  Types of investigations: Preliminary countervailing and antidumping duty.
2.  Petitioners: U.S. PET Resin Producers' Coalition: Voridian, a division of Eastman
      Chemical Company, Kingsport, TN; Wellman, Inc., Shrewsbury, NJ; DAK Americas, LLC,
      Chadds Ford, PA; and Nan Ya Plastics Corporation America, Lake City, SC.
3.  Investigations instituted by USITC: March 31, 2004.
4.  Conference: April 14, 2004.
5.  USITC vote: May 7, 2004.
6.  USITC notification of Department of Commerce: May 10, 2004.

U.S. Industry:
1.  Number of U.S. firms in 2003: Seven.
2.  Production during 2003: 4,696,264,000 pounds.
3.  Employment of production and related workers: 1,998.
4.  U.S. producers' U.S. shipments during 2003: 3,945,942,000 pounds.
5.  U.S. apparent consumption during 2003: 4,878,130,000 pounds.
6.  Ratio of quantity of total imports to U.S. apparent consumption 
      during 2003 (percent): 19.1.

U.S. Imports:
1.  Quantity of subject imports during 2003: 497,616,000 pounds.
2.  Value of subject imports during 2003: $214,222,000.
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