on july 26, the ministry of commerce announced a decision to levy an anti-dumping tax of 20.8 percent on neoprene made by denki kagaku kogyo kabushiki kaisha. the decision levels the playing field for chinese rubber companies, including shanxi synthetic rubber group, who can now compete in fair market competition. the tax will also help boost the future development of companies in the rubber sector.
on aug 5, the china synthetic rubber industry association gathered domestic rubber companies for a meeting. the meeting participants all agreed to file an anti-dumping review on imported neoprene to the moc. the imported neoprene under the processing trade category has had a very negative effect on the sales of domestic companies. the participants reached an agreement to apply for a ban on the product.
to deal with the dumping, shanxi synthetic rubber has developed rubbers that can satisfy the various demands of customers. its cr248 and cr234 rubbers not only fill a domestic void, but are also recognized by the market. the company has also set up a customer service department to keep track of client activities and offer technical guidance.