Clarification sought from JBF Industries

14 Aug 2015 Evaluate

JBF Industries has informed that the US Department of Commerce’s International Trade Administration in its preliminary findings have proposed Countervailing Duty (CVD) on PET Resin imports from India and China, As per the findings, the CVD for its export to US would be 115.04%. This was decided in absentia as the company had decided not to respond to the enquiries raised by US Department of Commerce’s International Trade Administration. The decision of not responding was taken as JBF Industries Ltd’s PET Resin (0.70 IV to 0.88 IV) exports to US were only 374 M.T. out of total production of 466178 M.T. in FY 2014-15 constituting 0.08% of total production. In view of above, the current imposition of CVD has virtually no impact on JBF Industries Ltd’s sales. Company has strategically decided to cater to US markets from its international subsidiaries due to logistics consideration.

The above information is a part of company’s filings submitted to BSE.

JBF Industries Share Price

14.06 -0.73 (-4.94%)
May 20, 18:01 View Price Chart
Peers
Company Name CMP
JBF Industries 14.06
Indo Rama Synth 69.15
Banswara Syntex 236.75
Ganesha Ecosphere 700.85
Pasupati Acrylon 37.15
View more..