The export volume of Ningbo Zhongbin Fastener MFG., Co., Ltd. to EU market maintains Zero. However, the sales volume of Zhongbin products in Euro Market account for 40% of the company’s total sales volume. These products are manufactured in its Malaysia plant, all of which t are involved in EU antidumping.
Ningbo Zhenghai is one of the major fastener manufacturing bases in Mainland China, which production volume accounts for 1/16 of the total in Mainland China, while EU is the main export market of Zhenghai. No fastener enterprise in this region can escape from as high as 87% AD rate since EU’s antidumping determination against screws, bolts and nuts originated from the People’s Republic of China on 31st, Jan, 2009. Since then, the export volume in this region meet sharp decline of as high as 80%.
Early in the EU AD investigation period in 2007, Zhongbin made its prompt decision and invested 5 million RMB to set up manufacturing and sales plant in Malaysia. This plant is focusing on manufacturing fastener products which ASEAN does not impose AD. This Malaysia plant put into production In May, 2008 and the monthly production volume comes to 1000 ton, all of which are exported to EU Market.
Some other enterprises in Zhenghai also take the same business tactical as Zhongbin, such as Ningbo Jinding Fasteners Co., Ltd. The export volume from Jinding to EU market account for 90% of its total export volume before the EU AD determination, while the export volume to EU declines to Zero after EU AD determination. Under these circumstances, Jinding set plant in Indonesia. Jinding achieves monthly production volume of about 300 tons, 80% of which are exported to EU.
