According to the announcement of listed tire enterprises on July 24, the preliminary result of the first annual administrative review of the United States Department of Commerce's anti-dumping investigation on Thai passenger cars and light truck tires is: Sumitomo Tire (Thailand Company) of Japan's preliminary review of the separate tax rate is 6.16%; Sen Qilin (Thai company) has a preliminary review and a separate tax rate of 1.24%; The preliminary tax rate for other Thai tire companies exporting to the United States is 4.52%. It is understood that six Chinese listed and quasi listed tire enterprises, including Sen Qilin, Linglong, GM, Pulin Chengshan, Shuangqian and Hangzhou Zhongce Rubber Company (in line for listing), have established production bases in Thailand. As of July 24, three listed tire enterprises have responded to this.
Sen Qilin responded
Sen Qilin announced that as of the disclosure date of this announcement, Sen Qilin Thailand is still implementing the original tax rate of 17.06%.
Senqilin Thailand obtained a separate tax rate of 1.24% in this preliminary review, indicating that Senqilin Thailand's compliance in operational management and ability to participate in international competition are at a leading level in the industry.
This review is currently at the stage of final determination and investigation. It is expected that the final determination result will be announced in the first quarter of 2024. The specific anti-dumping tax rate will be adjusted after the final determination result is announced. The final determination result is still uncertain.
Response from Linglong Tire
Linglong Tire announced that its subsidiary, Thailand Linglong, was still implementing the original tax rate of 21.09%.
In the preliminary determination of this review, the tax rate of Thailand Linglong was reduced to 4.52%, which was the enterprise with the highest reduction of Dumping (pricing policy)#Anti-dumping actions in this case, with a decrease of 16.57%, which will greatly improve the operating capacity and order acquisition of Thailand Linglong.
As this review is currently in the stage of final determination and investigation, it is expected that the final determination result will be published in the first quarter of 2024. The specific anti-dumping tax rate will be adjusted after the final determination result is published. The final determination result is still uncertain.
General Stock Response
General Motors announced that its subsidiary General Rubber (Thailand) Co., Ltd. is still implementing the original audit tax rate of 17.06%.
General Rubber Thailand obtained a tax rate of 4.52% in this preliminary review, which is conducive to further enhancing the company's operational capacity and international market competitiveness.
This review is currently at the stage of final determination and investigation. It is expected that the final determination result will be announced in the first quarter of 2024. The specific anti-dumping tax rate will be adjusted after the final determination result is announced. The final determination result is still uncertain.
Background information
On June 29, 2020, the United States Department of Commerce launched the anti-dumping preliminary investigation on passenger cars and light truck tires in Thailand. The original investigation period was 12 months from April 1, 2019 to March 31, 2020. The two tire enterprises that had to respond to the original investigation were Sumitomo Tire (Thailand) and Linglong Tire (Thailand).
The final verdict of the original investigation: The original tax rate of Linglong in Thailand is 21.09%; The original independent tax rate of Sumitomo Tire (Thai company) in Japan was 14.59%; The original tax rate for other Thai tire companies exporting to the United States was 17.06%.
On September 6, 2022, the United States Department of Commerce launched the first round of administrative review investigation on anti-dumping of passenger cars and light truck tires in Thailand. The review investigation period is from January 6, 2021 to June 30, 2022. The two tire enterprises that were forced to respond to the lawsuit were Sumitomo Tire (Thailand) and Sen Kirin (Thailand).
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