The PTA Users Association, which represents manufacturers of polyester chips, polyester films and polyester filament yarn, has appealed to the Union Government to withdraw its recommendation for imposition of the duty on PTA imports.
The Ministry of Commerce and Industry issued a notice levying anti-dumping duty for imports of purified terephthalic acid (PTA) from China, Korea, Thailand and the European Union (EU). The notification, dated June 19, is expected to cause PTA price to rise, therefore making fibers costlier. Duties vary between $19.05 and $117.09 for a tonne (or 1,000 kilograms).
The association reports that the provisional anti-dumping duty will impact over 20,000 small and medium-scale polyester fiber and product manufacturers in the country. This move will kill the competition in the industry and will be totally unfair for the end product Indian consumers.
The polyester manufacturers strongly feel that the recommendation to impose the anti-dumping duty seemed to be done in hurry without understanding and proper calculations.
According to Indo Rama Synthetics, the duty will only increase the cost of a poor man’s fabric and at the same time will go against the growth of the polyester fiber industry.
The only beneficiary of anti-dumping duty imposition in India will be largest and integrated polyester player.
Researchers from MIT and Lincoln Laboratory are developing innovative bioabsorbable fabrics that replicate how soft tissues naturally stretch.
A research team at the University of Limerick (UL) has introduced a groundbreaking method for producing carbon fiber through their…
Circ, Circulose, RE&UP, and Syre, have joined forces to create the T2T Alliance, an initiative focused on driving policy changes…
Sun Tekstil has partnered with Refabric, investing in its AI-powered design platform to accelerate digital transformation in the fashion industry.
Uplift360 showcased its chemical process that dissolves and re-spins para-aramid fibres, such as Kevlar and Twaron, into high-performance regenerated fibres.
Industrial Summit Technology, a company based in Shiga, Japan, introduced Imidetex, an innovative polyimide fibre designed to enhance composite applications.