Ineos is filing 10 anti-dumping cases against imports of cheap chemical products into the EU as it warns that “time is running out” to rescue the European chemicals industry.
In an unprecedented move, the UK-based group that said without urgent protection it would have to end production of key materials used in the automotive, defence, electronics, construction, packaging and pharmaceutical industries.
“Europe’s chemical sector, the foundation of modern manufacturing, is being drowned by a tidal wave of low-cost imports from Asia, the Middle East and the United States,” Ineos said in a statement. “These products are undercutting European producers who face the world’s highest energy prices and escalating, unilateral carbon costs.”
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