Following the EU, the US is now also imposing anti-dumping duties against Korean imports of superabsorbent polymers
After the European Commission had already imposed anti-dumping measures on imports of superabsorbent polymers (SAP) originating in the Republic of Korea into the European Union in April 2022, the United States is now following suit.
Essen, Germany. After the European Commission had already imposed anti-dumping measures on imports of superabsorbent polymers (SAP) originating in the Republic of Korea into the European Union in April 2022, the United States is now following suit.
The US Department of Commerce (DoC) had already announced its positive findings in the anti-dumping duty investigation concerning certain superabsorbent polymers (SAP) from Korea at the end of October.
This was followed on November 17, 2022, by the determination of injury by the International US Trade Commission (ITC) and the imposition of punitive duties. The anti-dumping duty rates are 17.64 percent on imports from LG Chem Ltd. and from all other companies in the Republic of Korea. The ITC will communicate its detailed findings within the next two weeks. The DoC will then officially issue the antidumping duty order, expected on or about December 5th.
Evonik, in an alliance with two other U.S. producers of SAP, worked toward this outcome and welcomes the ITC's decision to take trade defense measures to stop unfair market practices.
Evonik produces and sells superabsorbent polymers in Europe and the United States. The business generated sales of around €700 million in fiscal year 2021.
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €12.2 billion and an operating profit (adjusted EBITDA) of €1.91 billion in 2020. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
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