Fuwei Films Announced Anti-Dumping Duties Imposed by South Korea for Three More Years

Fuwei Films (Holdings) Co., Ltd.

today announced that the anti-dumping duties imposed on the company's exported biaxially oriented polyethylene-terephthalate (BOPET) films to South Korea will be extended for three more years beginning on May 25, 2012. According to the Ministry of Strategy and Finance, the rate for Fuwei Films Shandong Co., Ltd ("Shandong Fuwei"), the subsidiary of Fuwei Films was set at 11.72 percent, higher than one of its counterparts at 5.87 percent. Punitive duties of 25.32 percent will be imposed on the PET films manufactured by six Chinese firms. The rate for the remaining Chinese manufacturers was set at 23.61 percent. In addition, the anti-dumping duties of 14.63 percent and 25.32 percent were slapped on products produced in India.