SIMIC

Chinese companies received trade distorting state support in the form of preferential financing, export credit insurance, grant programmes, tax exemptions, and cheap energy and land, the EU said in a notice published in the Official Journal of the European Union.

The EU's anti-subsidy duties on Chinese aluminum foil producers now range from 8.6 per cent to 18.2 per cent. The EU's combined anti-subsidy and anti-dumping duties on aluminum foil from China are applied at a rate of 16.1 to 46.7 per cent.

The tariffs will apply to the following Chinese companies: Nanshan Group, including Yantai Donghai Aluminum Foil Co, Wanshun Group, including Jiangsu Zhongji Lamination Materials Co; and Daching Group, including Xiamen Xiashun Aluminium Foil Co.

The tariffs will benefit European foil producers like: Italy's Carcano Antonio, Eurofoil Luxembourg and Germany's Hydro Aluminium Rolled Products.