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PET firms in S Korea obtain a lower profit

May 28/2012
(chemmonitor) -- India and China-based polyethylene terephthalate (PET) film companies will continue obtaining lower profit from their operations in South Korea as local government decided to prolong anti-dumping duties on the material coming from the above mentioned countries.

The duties are 15.6 percent on average. They act as a measure required to improve financial performance of PET manufacturers from South Korea.

Same duties effective during a three-year period were imposed in October 2008. They expired last year.
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