EU finds antidumping tax drop

China Fiberglass (600176) announced December 22, 2010, the company was informed of the European Commission on the European Union's glass fiber products from China launched Anti-dumping investigation of the final release of the case. After investigation, the European Commission found that the relevant glass fiber products from China have dumping facts and therefore to its domestic industry caused damage, will be the company's holding subsidiary of Boulder Group Co., Ltd. China fiberglass enterprises related products levied a tax rate of 13.8% anti-dumping duties, compared to the initial result of the levy of 43.6%　　Provisional anti-dumping rates have been slashed. The company said the European Commission's anti-dumping duty rate for the final release. According to the EU Anti-dumping investigation procedure, still need to go through the European Union Advisory Committee and the European Commission members vote, there is still uncertainty. The European Commission is expected to issue its final verdict within 3 months.