US anti-dumping review preliminary results favour Thailand factories

Recently, the United States Department of Commerce’s anti-dumping review investigation on PCR tyres produced in Thailand has a preliminary result. Tyrepress China notes that the new developments are positive for Thailand’s tyre factories.

Sentury (Thailand) and Sumitomo Rubber (Thailand) are two compulsory respondent companies in this review. The preliminary results show that the tax rate of Sentury (Thailand) is 1.24 per cent, and Sumitomo Rubber (Thailand) is 6.16 per cent. Other tyre companies exporting from Thailand to the United States should pay an anti-dumping tax rate of 4.52 per cent.

The preliminary result is not the final executive tax rate. Tyrepress China learned that the review is in the final investigation stage. The final result is expected to be announced in the first quarter of 2024 and is subject to uncertainty.

Sentury said that at this stage,  the products exported from the Thailand factory to the United States still pay the original tax rate of 17.06 per cent. And if the anti-dumping tax rate changes, the new tax rate will only be adjusted once the final result is announced.

At the same time, Sentury mentioned that it obtained a tax rate of 1.24 per cent in the preliminary ruling, indicating that “the (Thailand factory) operation management compliance and the ability to participate in international competition are at the leading level in the industry”.

In 2020, the United States launched an original anti-dumping investigation on imports of PCR products from Thailand. The final results show that when the products produced by Sumitomo Rubber (Thailand) and Linglong (Thailand) are exported to the United States, the tax rates that need to be paid are 14.59 per cent and 21.09 per cent. Other Thailand tyre companies are required to pay a tax rate of 17.06 per cent. In September 2022, the United States launched a review investigation, and the information disclosed this time belongs to the preliminary result of the review.