Stylam Industries Gains as India Imposes Anti-Dumping Duty on Chinese Acrylic Solid Surfaces
The Indian government has announced a five-year anti-dumping duty on Acrylic Solid Surfaces imported from China, following a petition by Stylam Industries. This measure aims to protect domestic manufacturers, with Stylam Industries, accounting for 70-80% of India's production, expected to benefit significantly. The duty is designed to counter unfair pricing practices and could lead to increased domestic production, price stabilization, and potential investment in the sector.