Fuwei Films Announces It Will Actively Respond to Antidumping Sunset Review of BOPET Films

Fuwei Films Co., Ltd. FFHLtoday announced that its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. will actively respond to the antidumping sunset review of BOPET film conducted by the Ministry of Strategy and Finance, Republic of Korea. On June 22, 2011, Ministry of Strategy and Finance, Republic of Korea, initiated a sunset review concerning the continued imposition of an anti-dumping duty on imports of the BOPET films originating from the People's Republic of China and India. Eight Chinese exporters, including Fuwei Films, are required to participate in this review. The Company has already engaged legal counsels to actively respond to the review till now. In 2007, the Korean Trade Commission conducted an antidumping investigation of BOPET films originated from China and India. The final determination was made in September 2008, with Fuwei Films receiving an anti-dumping duty rate of 5.67%. In 2010, Fuwei Films' sales to the Korean market were 1,031 tons, accounting for 17% of the Company's total exports volume.