South Korea Polyester Staple Fiber: Toray Set to Get Woongjin's Lower AD Rate

A South Korean exporter of polyester staple fiber is set to get a lower antidumping duty rate, said the Commerce Department in the preliminary results of a changed circumstances review. Commerce preliminarily found that Toray Chemical Korea is the successor-in interest to Woongjin Chemical Co., Ltd., and should inherit the latter’s 2.13% AD duty cash deposit rate. Woongjin only changed its name to Toray, and otherwise its operations were unaffected, said Commerce. The new rate would take effect on the date of publication of the final results of this changed circumstances review.