Zhejiang Wynca Chemical Industry
Group Co., Ltd. (Zhejiang Wynca), a leading glyphosate producer in China
The winning of the glyphosate
anti-dumping case has greatly cheered up domestic glyphosate production
enterprises, especially Zhejiang Wynca. The company now believes that it is
worth laying 12 years' effort to cope with the anti-dumping case because the
winning has made a good demonstration effect to all of domestic glyphosate
producers who may face anti-dumping investigation in the future and it has also
helped domestic glyphosate producers set up confidence in exploring market in
the EU.
Even so, Zhejiang Wynca has still
paid great price on the anti-dumping case because of the long-run lawsuit which
has made it almost lose the glyphosate market shares in the EU in the past few
years. According to the financial report of Zhejiang Wynca in 2011, although
its revenue in overseas market in this period reached USD286.38 million,
accounting for nearly 40% of its total revenue, its revenue of glyphosate
exported to the EU accounted for a very tiny part of the revenue in overseas
market. Now, as the company has won the anti-dumping case, it believed that its
market expansion of glyphosate in the EU will be much smoother.
However, the market exploring in
the EU may not be as easy as what Zhejiang Wynca believes. It is heard that the
CEU is not resigned to give up but still preparing launching trade remedy investigations
by itself.
In the past decade, domestic
glyphosate has been facing anti-dumping investigations in overseas markets.
Owing to the lower cost of the production of domestic glyphosate, the more
competitive price of domestic glyphosate compared to those products in some
other countries has threatened the local producers. In addition to the EU, Brazil and Australia China
Events review
In Feb. 2000, the European Union
(the EU) started to levy 48% anti-dumping duty over glyphosate originating from
China
In Feb. 2003, the EU initiated
merger investigation towards Chinese glyphosate. Zhejiang Wynca, as the
representative of domestic glyphosate industry, responded to the prosecution
exclusively.
In Sept. 2004, the EU decided to
levy 29.9% of anti-dumping duty over Chinese glyphosate.
In Dec. 2004, Zhejiang Wynca
claimed that it appealed against the decision of the EU and decided to
prosecute to the decision to the European Court of First Instance.
In May 2009, the EU claimed to
suspend levying anti-dumping duty over Chinese glyphosate for a period of nine
months.
On 17 June, 2009, the European
Court of First Instance made a judgment to cancel levying final anti-dumping
duties over the glyphosate from Zhejiang Wynca.
In Aug. 2009, the CEU sued the
verdict of the European Court of First Instance to the European High Court of
Justice.
On 19 July, 2012, European High
Court of Justice made the final judgment that Zhejiang Wynca finally won the
lawsuit.
Content of Crop Protection China
Chlorantraniliprole:
still common as recessive composition in China
Zhejiang
Wynca finally wins the long-run glyphosate anti-dumping case
Glyphosate:
short supply and continuously rising price
Import of
pesticides keeps increasing in H1 2012
Jiangsu
Changqing initiates pesticide expansion
New
investor helps Anhui Huaxing to relive
Lianhe
Technology enjoys good performance in H1 2012
Lier
Chemical's performance exceeds forecast in H1 2012
Crop Protection China
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