ATLANTA, Georgia, USA – January 15, 2013 – The U.S. Department of Commerce (U.S. DOC) has announced preliminary anti-dumping tariff margin rates against Chinese and Austrian xanthan gum exporters covering all xanthan gum imports into the United States. The action followed the U.S. International Trade Commission’s unanimous vote in August 2012 that injury had occurred to domestic producers of xanthan gum because of low-priced Austrian and Chinese product being sold into the U.S.
“We are pleased and fully support the announcement, as this action will start to address the issue of selling below fair market value by Austrian and Chinese producers,” said E. Charles Bowman, Vice President of Marketing for CP Kelco. U.S. Customs and Border Protection began collecting cash deposits equal to the assigned margins, as published in the Federal Register, on January 7, 2013.
The U.S. DOC will now begin verifying the information supplied by the respondent Chinese companies, Deosen Biochemical and Neimenggu Fufeng Biotechnologies, and the respondent Austrian company, Jungbunzlauer.
ABOUT CP KELCO:
CP Kelco is a leading global manufacturer and marketer of specialty hydrocolloids, with facilities in Europe, North America, Asia and Latin America. Owned by J.M. Huber Corporation, CP Kelco’s product lines include pectin, xanthan gum, carrageenan, cellulose gum, gellan gum, diutan gum, and other novel biopolymers, marketed under brand names including CEKOL®, FINNFIX®, GENU®, GENUGEL®, GENUVISCO®, GENULACTA®, KELTROL®, KELZAN®, KELCOGEL®, SLENDID®, SIMPLESSE® and XANTURAL®. For more information, visit www.cpkelco.com or call/e-mail the above mentioned contact.
See the PDF of the press release here.