2011 imposing a definitive anti-dumping duty on imports of certain fatty alcohols and their blends originating in India, Indonesia and Malaysia

2011 imposing a definitive anti-dumping duty on imports of certain fatty alcohols and their blends originating in India, Indonesia and Malaysia

FOCUS including premium mass products maker Kao Brands Co in Cincinnati, OH, USA, professional hair care products maker Kao Professional Salon Service...

48KB Sizes 1 Downloads 16 Views

FOCUS including premium mass products maker Kao Brands Co in Cincinnati, OH, USA, professional hair care products maker Kao Professional Salon Services GmbH (KPSS) of Darmstadt, Germany, and prestige brand products maker and retailer Molton Brown of London, UK, which previously operated as separate independent businesses in the North American and European markets will be consolidated through the introduction of a new management structure, a stronger country-bycountry focus as well as standardization of work practices and integration of IT systems. Press release from: Kao Corp, 1-14-10 Nihonbashi Kayabacho, Chuo-ku, Tokyo 103-8210, Japan, tel: +81 3 3660 7111, website: http://www.kao.co.jp/en/ (25 Oct 2011)

Health Discovery Laboratories’ KL4 surfactant granted orphan drug designation in Europe for the treatment of cystic fibrosis Discovery Laboratories Inc’s KL4 surfactant has been granted orphan drug designation by the Committee for Orphan Medicinal Products of the European Medicines Agency for the treatment of cystic fibrosis. Orphan designation provides for up to ten years of market exclusivity in the EU. Press release from: Discovery Laboratories Inc, 2600 Kelly Road, Suite 100, Warrington, PA 18976-3622, USA, tel: +1 215 488 9300, fax: +1 215 488 9301, website: http://www.discoverylabs.com (3 Nov 2011)

LEGISLATION Council Implementing Regulation (EU) No 1138/2011 imposing a definitive anti-dumping duty on imports of certain fatty alcohols and their blends originating in India, Indonesia and Malaysia Adopted on 8 Nov 2011. The Council of the European Union (EU), having regard to the Treaty on the Functioning of the EU, having regard to Council Regulation (EC) No 1225/2009 of 30 Nov 2009 on protection against dumped imports from countries not members of the

JANUARY 2012

ON

S U R FA C TA N T S

European Community, and in particular Article 9 thereof, having regard to the proposal submitted by the European Commission after having consulted the Advisory Committee, has adopted this Regulation. The Commission, by Regulation (EU) No 446/2011 imposed a provisional anti-dumping duty on imports of certain fatty alcohols and their blends (FOH) originating in India, Indonesia and Malaysia. The proceeding was initiated by a notice of initiation published on 13 Aug 2010 following a complaint lodged on 30 Jun 2010 by two EU producers, Cognis GmbH and Sasol Olefins & Surfactants GmbH. These two companies represent a major proportion, in this case more than 25%, of total EU production of the product investigated. The Commission has adopted this Regulation: A definitive anti-dumping duty is hereby imposed on imports of saturated fatty alcohols with a carbon chain length of C8, C10, C12, C14, C16 or C18 (not including branched isomers) including single saturated fatty alcohols and blends predominantly containing a combination of carbon chain lengths C6-C8, C6-C10, C8-C10, C10-C12 (commonly categorized as C8-C10), blends predominantly containing a combination of carbon chain lengths C12-C14, C12-C16, C12-C18, C14C16 (commonly categorized as C12C14) and blends predominantly containing a combination of carbon chain lengths C16-C18, currently falling within CN codes ex 2905 16 85, 2905 17 00, ex 2905 19 00 and ex 3823 70 00 (TARIC codes 2905 16 85 10, 2905 19 00 60, 3823 70 00 11 and 3823 70 00 91) and originating in India, Indonesia and Malaysia. The rate of the definitive anti-dumping duty imposed is given. Unless otherwise specified, the provisions in force concerning customs duties shall apply. The amounts secured by way of the provisional anti-dumping duty pursuant to Regulation (EU) No 446/2011 shall be definitively collected. The amounts secured in excess of the rates of the definitive anti-dumping duty shall be released. This Regulation shall be binding in its entirety and directly applicable in all Member States. Original Source: Official Journal of the European Union L Legislation, 11 Nov 2011, 54 (L293), 1-18 (Website: http://eur-lex.europa.eu) © European Union 2011

COMPANY RESULTS Strong 3Q 2011 results for Reckitt Benckiser For its 3Q 2011 (period ends 30 Sep 2011), Reckitt Benckiser plc has reported net revenue of £2448 M (£2112 M for 3Q 2010), operating profit of £638 M (£564 M) and net income of £466 M (£426 M). For the full year, sales are expected to grow 12% and profit 10%. Its Europe segment (43% of net revenue) reported net revenue of £1022 M (£843 M for 3Q 2010) and operating profit of £229 M (£196 M). Volume sales were stable year-onyear, but net pricing has been negative reflecting higher levels of promotional spend to protect volume shares against aggressive competition, and this continues to be the key factor behind the like-for-like reduction in net revenue in both 3Q and YTD 2011. The increase in Personal Care was driven by the continued roll-out of the Dettol No Touch Hand Soap System. Growth in Surface Care came from Dettol and Harpic. The decline in Fabric Care was largely due to continued weakness in Laundry Detergents and Fabric Softeners in Southern Europe. Heavy promotional investment continues behind Vanish to protect volume share against competition. Reckitt Benckiser’s North America & Australia segment (24% of net revenue) has posted 3Q 2011 net revenue of £618 M (£593 M for 3Q 2010) and operating profit of £178 M (£168 M). In Dishwashing, Finish Quantum and All-in-1 tablets and gel packs contributed an excellent performance. For 3Q 2011, the company’s Developing Markets segment (25% of net revenue) recorded a 25% rise in net revenue to £599 M (£481 M for 3Q 2010) and a 48% rise in operating profit to £99 M (£68 M). Growth has been evident across all regions. In Health & Personal Care, Dettol continued to grow well. The increase in Fabric Care was driven by Vanish, while Harpic and Veja were the key drivers in Surface Care. The combined Household and Health & Personal Care segment

5