Olin Corp, Westlake Corp and Coalition Prompt EU Anti-Dumping Probe on Asian Epoxy Resins
Portfolio Pulse from Benzinga Newsdesk
Olin Corporation and Westlake Corporation, as part of the Ad Hoc Coalition of Epoxy Resin Producers, have prompted the European Commission to initiate an anti-dumping investigation on epoxy resin imports from China, Korea, Taiwan, and Thailand. The investigation aims to determine if these imports have caused material injury to the European epoxy resin industry by being sold at unfairly low prices.
July 01, 2024 | 10:35 am
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POSITIVE IMPACT
Olin Corporation, as part of the Coalition, has successfully prompted the EU to investigate anti-dumping practices on epoxy resin imports from Asia. This could lead to additional duties on these imports, potentially benefiting Olin by reducing competition from low-priced imports.
The initiation of the anti-dumping investigation by the EU could lead to additional duties on epoxy resin imports from Asia, which would reduce competition for Olin in the European market. This is likely to have a positive short-term impact on Olin's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Westlake Corporation, as part of the Coalition, has successfully prompted the EU to investigate anti-dumping practices on epoxy resin imports from Asia. This could lead to additional duties on these imports, potentially benefiting Westlake by reducing competition from low-priced imports.
The initiation of the anti-dumping investigation by the EU could lead to additional duties on epoxy resin imports from Asia, which would reduce competition for Westlake in the European market. This is likely to have a positive short-term impact on Westlake's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100