Message from the Chairman on the application of EU definitive anti-dumping duties

We are pleased to celebrate with you a historic achievement following the final decision of the EU Committee on International Trade to impose anti-dumping and anti-subsidy duties on imports of new and retreaded truck and bus tyres from China.

The Commission Implementing Regulation (EU) 2018/1690 of 9 November 2018 is the result of an anti-subsidy investigation conducted by the European Union in parallel with the anti-dumping investigation that was concluded on 18 October 2018 with the issue of Regulation (EU) 2018/1579.

The total amount of the definitive duty imposed on individual companies is the same as that established last month, with varying amounts depending on the manufacturer, from a minimum of 42.73 euros to a maximum of 61.76 euros per tyre.

In other words, the amount that initially consisted of anti-dumping measures only is now implemented through a combination of anti-dumping and anti-subsidy measures.

The introduction of these measures is the response that Marangoni was expecting from European institutions. In fact, these measures are in line with our vision of a future based on circular economy and on fair trading principles for the tyre and retreading markets. For years, this sector has been affected not only by the general economic situation but also by a specific crisis triggered by the huge inflow of low-cost, poor quality tyres with extremely limited retreadability. These are “disposable” products, which not only damage a sector that gives jobs to thousands of people but also clearly have a very negative impact on the environment.

Public awareness of these issues has increased considerably: it is not the introduction of duties itself that proves this, but, most of all, consumers’ demands for sustainable, high-quality products (we addressed this topic a few days ago on our social media, which is why I would like to personally invite you to follow us on Facebook, LinkedIn and Twitter).

Nowadays, we can see that once again, after a decline in recent years, customers are increasingly relying on retreaded tyres.

We would like to thank once more our customers and all the market players who have worked closely with us to achieve this result. We are aware that there is still a long way to go in order to move away from the linear use of resources and adopt a circular business model that no longer takes its toll on the environment but, instead, values it. Our planet demands that we do this and we must all play our part.

We have won this battle and we will continue to fight for the values we believe in!

Yours sincerely,

Vittorio Marangoni

Chairman of the Marangoni Group