Portland Cement from Thailand: Initiation Summary
[ Last Updated 13 January 2006 ]
6 June 2003
Contents
Type of Investigation
Dumping Investigation.
Description of Goods
General purpose Portland cement
Country of Origin
Thailand
Investigation "Milestones"
| Date of Initiation: | 6 June 2003 |
| Earliest date on which Provisional Measures may be imposed: | 5 August 2003 |
| Latest date for release of Essential Facts and Conclusions: | 3 November 2003 |
| Latest date for final decision by the Minister of Commerce: | 3 December 2003 |
Summary of Factors Leading to Initiation
Background
On 25 February 2003, the Ministry of Economic Development ("the Ministry") accepted a properly documented application for a dumping investigation from the New Zealand industry that comprises of Golden Bay Cement ("Golden Bay") a division of Fletcher Concrete & Infrastructure Limited and Holcim (New Zealand) Limited ("Holcim"). The industry alleges that imports of Portland cement from Thailand are dumped and threaten to cause material injury to the New Zealand Portland cement industry.
Dumping
The information and evidence provided by the industry in its application, shows an indicative dumping margin of 96 percent when expressed as a percentage of export price. The Ministry considers that there is sufficient evidence of dumping to require initiation of an investigation.
Threat of Material Injury
The industry's application contains information, which shows the likelihood of a threat of material injury in the form of:
- An increased volume of the allegedly dumped imports; and;
- Threat of price undercutting and price depression.
Which may result in a:
- Decline in output and sales, market share, profits, return on investments, utilisation of production capacity and an adverse effect on cash flow.
The Ministry considers that there is sufficient evidence of a threat of material injury to require the initiation of an investigation.
Purpose of Investigation
The purpose of the investigation is to establish whether the subject goods are dumped, and if so, whether they threaten to cause material injury to the New Zealand industry.
Further details on the reasons for initiation of this investigation are contained in the Initiation Report.
Investigation Process
Submissions are being sought from parties known to have an interest in this investigation, including known producers in Thailand, exporters, importers and the New Zealand industry. These submissions will be examined and analysed by the investigation team. The outcome of this examination and analysis will then be reported, with recommendations, to the Minister of Commerce.
Further Information
Any queries or requests for further information should be directed to the investigation team at the Trade Remedies Group on telephone +64-4-472 0030, or facsimile +64-4-499 8508. Enquiries by e-mail should be directed to traderem@med.govt.nz.
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