Olin announces epoxy resin anti-dumping proceeding against four countries

Olin (OLN), as a member of the Ad Hoc Coalition of Epoxy Resin Producers, comprised of Olin, Westlake Corporation (WLK), and Spolchemie, announced that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from China, the Republic of Korea, Taiwan, and Thailand. This notice of initiation published in the European Union, or EU, Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have caused material injury to the European epoxy resin industry. The complaint alleges that exporting producers in the four targeted countries have injured the European epoxy resin producers by selling their products on the EU market at unfairly low prices that significantly undercut the prices of European producers. If the anti-dumping investigation concludes that injurious dumping practices from the four targeted countries have taken place, the European Commission is entitled to impose additional duties on imports of epoxy resins from the four targeted countries to restore a level playing field in the EU. If successful, this investigation will ensure that foreign epoxy resin producers cannot continue to benefit from sending dumped epoxy resins to the EU market and will restore the health of the EU epoxy resin industry, improve the resilience and security of domestic epoxy resin supply chains, enhance the jobs and communities that rely on the epoxy resin industry, and strengthen European economic security by preserving a critical EU manufacturing sector. The entire EU industrial complex would benefit from such an outcome.