Address：Liuzhou Luzhai county flying deer of street No.333
Late March 11, guangdong crown Howe hi-tech co., LTD. (Shanghai stock exchange code: 600433, hereinafter referred to as the crown Howe high) announcement, according to the U.S. department of commerce for its thermal paper preliminary subsidy rate was 5.68%.
The Commerce Department also ordered several other Chinese companies have a subsidy. Including Shanghai han macro paper co., LTD., subsidy rate is 0.57%, belong to trace subsidies; Zhanjiang crown dragon co., LTD., subsidy rate of 5.68%; MDCN technology co., LTD and shenzhen yuan song industrial development co., LTD subsidy rate were 59.5%.
On September 19, 2007, the United States at prenton o paper company (Appleton cca shut, Inc) to apply to the us department of commerce and the international trade commission, on China's low gram weight thermal paper launch anti-subsidy and anti-dumping investigation, combined at the same time on the thermal paper is originated in Germany, Korea filed anti-dumping investigation.
On the same day, the United States international trade commission that is clear to investigate the thermal paper in China. On October 29, the us department of commerce announced a formal investigation against Chinese export of low gram weight thermal paper for anti-dumping and anti-subsidy act. This is the United States for Chinese products launched anti-dumping and anti-subsidy investigation for the seventh time.
On November 9, spoke in Chinese commerce ministry spokesman said, firmly opposed to the U.S. department of commerce of China anti-dumping countervailing merger investigation. The ministry of commerce, said the United States in a short period of time, for Chinese products launched so many anti-dumping investigation and countervailing merger has caused strong dissatisfaction of China's industry also passed wrong information to us within the industry.
According to the crown Howe high-tech announcement on October 31, 2007, in January 2007 to June, the company exports to the United States market amounted to 1071 tons, the number of thermal paper for $1.53 million, rose 40.37% year-on-year, accounts for about the first half of 2007 operating income ($281 million) of 4.08%.
On March 11, crown Howe high-tech closed at 11.98 yuan, down 0.83% on the previous trading day.
Low gram thermal paper is a kind of paper coated with chemicals, heat will react to images, often used for automated teller machines, credit CARDS, retail stores, etc.
Source: "financial network"
Disclaimer: this article is a spinning, reproduced the purpose is to deliver more information only. If you think our reprint violated the Copyright Act or harm the interests of you, please do not hesitate to contact us, we will deal with it in the first place