The US International Trade Commission (USITC) recently concluded that a US industry is being harmed due to imports of polyester textured yarn (PTY) from Indonesia, Malaysia, Thailand and Vietnam that, according to the department of commerce, are being sold in the United States at less than fair value. The commerce ministry will impose anti-dumping duty (ADD) on such imports.
PTY is a synthetic multifilament yarn that is manufactured from polyester (polyethylene terephthalate) and produced through a texturing process, which imparts special properties to the filaments of the yarn, including stretch, bulk, strength, moisture absorption, insulation, and the appearance of a natural fibre.
“The commission’s decision gives new hope for the domestic producers and their workers as fair pricing will be restored to the market. The industry is grateful for the work of the commissioners and staff, and looks forward to rehiring workers to serve their customers,” Paul Rosenthal of Kelley, Drye & Warren, LLP, the lead counsel for the domestic industry, commented in a press release issued by the US Polyester Textured Yarn Producers.
The ADD orders are expected to be published by the end of December, the press release said.
In October 2020, two major US synthetic yarn producers—Unifi Manufacturing, Inc. and Nan Ya Plastics Corporation, America—filed petitions with the commerce department and the USITC alleging that dumped imports of polyester textured yarn from the above four countries were causing material injury to the domestic industry.
The department initiated the investigations in November 2020, and the USITC preliminarily determined in December 2020 that imports from the four countries are harming the domestic industry.