Antidumping Petitions Filed Against Acetone Imports In The United States

PARSIPPANY, N.J. — February 19, 2019 — AdvanSix announced today that it has filed antidumping duty petitions covering imports of acetone with the International Trade Commission (ITC) and U.S. Department of Commerce. AdvanSix filed the petitions along with other domestic producers of acetone including Olin Corporation and Altivia Petrochemicals LLC.

The petitions allege that dumped acetone imports into the United States from Belgium, Korea, Saudi Arabia, Singapore, South Africa, and Spain have caused material injury to the domestic industry. The ITC will commence a preliminary investigation, which if upheld will proceed to the U.S. Department of Commerce to investigate and determine the antidumping duty rates of these imports.

The Company expects the investigation process to be completed over the next 12 to 14 months. “ no quote Today’s petition filing represents the first step in a process to restore fair competition and reflects our commitment to protecting the domestic acetone industry and its employees,” said Erin Kane, president and CEO of AdvanSix.

AdvanSix is a manufacturer of Nylon 6, a polymer resin which is a synthetic material used by our customers to produce engineered plastics, fibers, filaments and films that, in turn, are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. As a result of AdvanSix’s backward integration and the configuration of our manufacturing facilities, AdvanSix also sell caprolactam, ammonium sulfate fertilizer, acetone and other intermediate chemicals, all of which are produced as part of our Nylon 6 integrated manufacturing chain.

AdvanSix produces acetone at its facility in Frankford, Pa., with annual capacity of 680 million pounds.

Posted February 19, 2019

Source: AdvanSix