Indian PVC Board producers are suffocated with jacking up prices of raw materials. They are struggling due to high prices of resins and other chemicals. As of now, Indian PVC foam boards’ prices have reportedly increased by around 20 percent in last 3 months that has given a wide opening to imported boards and scope of cheap dumping
According to Industry insiders, Chinese PVC foam board prices have not seen such a whopping jump, as witnessed in India, hence they are primarily getting advantage of the present scenario. Sensing the imminent threat, Indian WPC and PVC foam board industry advocate for imposition of Anti Dumping Duty on import of PVC Boards for saving domestic industry now to prevent domestic industry which is capable to meet all the domestic needs.
Mr. Pawan Garg, Director, Alstone says, “It is hard time for all of us due to increase in prices for everything and demand plunging day by day, over and above import is big threat for us. So, just to overcome this problem we all have decided to fight case in DGFT for Anti Dumping Duty.”
As per report, India imports huge quantity of economical range PVC boards from China, which has impacted Boards producers located near Port area such as Chennai, Kerala, Mumbai etc. speaking to The Ply Reporter, the Industry people say that imported PVC boards cater to almost 25 percent market share already and it is growing because of the price fluctuations. The import share will further increase if some measure for cheap dumping is not taken up. At present, PVC resin prices have noted a whopping 100 % rise, almost double that has compelled Indian producers to raise rates leading to ‘unequal playing field for importers’.
The Indian WPC and PVC boards industry has been consistently growing industry in India with around 130 manufacturing establishments across country. Leading plywood brands namely Greenply, Century ply, Austin, Amulya etc have entered in this segment apart from players from ACP like Alstone, Alutuf, Black cobra etc.