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Fortress Global Enterprises Inc - Class A FTPLF

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Comment by birdie22on Apr 23, 2019 2:43pm
88 Views
Post# 29660707

RE:Chinese/mofcom duties on DP terminated!

RE:Chinese/mofcom duties on DP terminated!I`m suprised the Company has not issued a Press release.

Dissolving pulp: China terminates its 5-yr import dumping duties on US, Canada, and Brazil

OAKLAND, CA, April 19, 2019 (PPI Pulp & Paper Week) -China terminated anti-dumping duties (ADD) on viscose-grade dissolving pulp (DP) imports from the US, Canada, and Brazil that have been in place since 2014, industry contacts toldPPI Pulp & Paper Week.China's Ministry of Commerce (MOFCOM) canceled the duties, effective Apr. 4, according to market participants in China, and the move could be a prelude to an eventual trade deal between it and the USA that reduces or eliminates tariffs on other grades of pulp.

The mostly 13-17% duties on imported DP came after MOFCOM determined "there was dumping of the product"

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