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European glass fibre industry welcomes new EU trade defence measures against illegal subsidies and dumping by state-backed Chinese exporters.
GlassFibreEurope represents the interests of European glass fibre manufacturers and their 5,000 employees. Glass fibre is a strategic sector for Europe’s future because new materials made with it are stronger and lighter than traditional materials like steel, aluminium and wood. The European glass fibre industry is a hi-tech innovative sector able to meet EU demand, together with imports from the rest of the world, without relying on dumped and subsidised imports from China.The European Commission initiated an interim review of the existing anti-dumping measures on glass fibre imports from China on 18 December 2013, and a new anti-subsidy proceeding on 12 December 2013. After a thorough investigation, the European Commission established that Chinese manufacturers dump glass fibre at predatory prices to seize EU market share, and receive illegal subsidies from the Chinese government.Therefore, the European Commission notified parties of its intent to impose new anti-dumping and anti-subsidy measures in early October 2014. The final proposal to impose total duties which are generally up to 25-30% on imports from Chinese producers was supported by EU Member States on 26 November 2014. The new measures will not have a material effect on costs for European downstream industries, as glass fibre accounts for only a tiny proportion of final customer prices. For instance, glass fibre accounts for less than 0.1% of the price of an average car.More information: www.glassfibreeurope.eu