The government has imposed anti-dumping duty of up to USD 64.35 per cubic meter on imports of a specific type of fibre board, reports CNBC-TV18’s Rituparna Bhuyan quoting official sources.
The anti-dumping duty is in the range of USD 14.7-64.35 per cubic meter for fibre board with thickness of 6 mm and above.
The anti dumping duty has been imposed on fibre board imported from Vietnam and Indonesia.
Reacting to the news, Shobhan Mittal, Joint MD, Greenply Industries says this action taken by the government would help them become more competitive against foreign imports but not necessarily enable them to hike prices.
According to him, the amount of the anti-dumping duty varies from USD 14 to 64 per cubic meter depending on which country the imports are coming from.
Medium Density Fiberboard (MDF) business this year would see 8-10 percent growth this fiscal. Most of the MDF producers in India are North focus but this step of anti-dumping would allow us to be more competitive in areas like Chennai, South, Mumbai, Gujarat.
Around 30-35 percent of Indian MDF consumption is met through imports.
Meanwhile, Sajjan Bhajanka, Chairman, Century Plyboard says although the decision of anti dumping will help the industry overall, their company still haven’t started MDF manufacturing. Their first MDF plant will be commissioned in January he adds.
Most of indigenous production of MDF takes place in north of India but south imports a lot, he says, adding that almost 40 percent of MDF is imported.
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