South Korea Stops Anti-Dumping Duties On Chinese Directional Polyester Yarn

In December 23, 2014, the Korean Ministry of Finance announced the end of its orientation to China. Polyester yarn Impose anti-dumping duties. The tax number is 540246.

The original case was filed on February 4, 2008, involving a sum of $4 million 420 thousand. There was no enterprise to sue. In addition to the zero tax rate of one enterprise, the export of the other Chinese enterprises will be subject to a 6.26% anti-dumping duty. In 2011 and 2014, the case conducted two Sunset Reviews. The first sunset review continues. taxation 。 After the second sunset review last year, China was contacted with the enterprises involved. However, due to the amount involved in the case was only 448 thousand dollars, no enterprise was responding.

In this sunset review, The Republic of Korea The Ministry of Finance and planning said that China's exports to Korea did not cause any real damage to the orientated polyester yarn industry in the country and decided to stop taxing. At the same time, there are also areas in China that stop taxes. Taiwan, China.

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Li Xiaogong, vice president of Heng Tian Group and general manager of Heng Tian heavy industries, Zhengzhou textile machinery is a wholly owned subsidiary of Heng Tian heavy industries. Now all the institutions, including functions, production, R & D departments and business units, are not only the executive bodies of Heng Tian heavy industries, but also the executing agencies of Zhengzhou textile machinery, and the related assets and businesses will be gradually injected into Zhengzhou textile machinery. The establishment of Zhengzhou textile machinery company is of great significance for the development of Zhengzhou region and for the development of Heng Tian heavy industries.

The former Zhengzhou textile machinery is a large textile machinery enterprise integrating development, manufacture of chemical fiber, printing and dyeing, weaving, nonwovens, drying, blowing carding and complete sets of non spinning machines. In 2002, with the opportune time of national debt to equity swap, enterprises implemented strategic reorganization, integrated Shaoyang's textile machinery, Handan textile machinery and other excellent assets, and set up Zhengzhou textile machinery Limited by Share Ltd to transform from factory system to company system. 2010 in February, according to the strategic deployment and development needs of the company, the Zhengzhou textile machinery Limited by Share Ltd was renamed "Heng Tian heavy industry" Limited by Share Ltd. With emphasis on industrial restructuring, Heng Tian heavy industries actively expand to the field of special purpose vehicles and construction machinery, and mergers and acquisitions of Hunan long Tian 95, Zhengzhou Hongda Automobile, Hebei Lida automobile and Jiangxi Bai Lu Jia bus and other enterprises, so that Heng Tian heavy industry develops from a single textile machinery manufacturing enterprise to a large business equipment manufacturing group.

In the past 65 years, enterprises have always adhered to "independent innovation", and the fruits of science and technology have been fruitful. At present, they have more than 1000 national patents, and have won over 100 national, provincial and ministerial level science and technology awards. Enterprises are the first batch of national recognized enterprise technology centers in the textile machinery industry. They are one of the world's three largest manufacturers of polyester staple fiber equipment. They are the largest suppliers of viscose equipment and sizing equipment in the world. They are able to provide various kinds of nonwoven technology complete sets of equipment. Thousands of products of the company are exported to more than 70 countries and regions in the world.

Li Xiaogong said that the establishment of Zhengzhou textile machinery is based on the strategic restructuring of the group, laying the foundation for further integration of textile machinery and heavy industry, and building a platform for Zhengzhou's textile machinery business. First, we should restore the brand of Zhengzhou textile machinery and strive to create brilliance again. From the management structure, only by shortening the management chain and improving the work efficiency can we maintain the steady development of the textile industry in the new normal situation of slowing down the growth rate of the textile industry, increasing the pressure of development and the urgent transformation of power.

Li Quan, general manager of the new Zhengzhou textile machinery, said that under the pressure of economic downward pressure, he felt the pressure and responsibility. He was confident that he would lead more than 2000 employees of the company in accordance with the unified arrangement of the group. The work process should be refined and the rules and regulations of the enterprises moved to Zhengzhou high tech Development Zone as soon as possible to complete the transformation of operation mode and to renew the new chapter of Zhengzhou textile machinery.