natgillin/translations-raw huggingface dataset:
The investigation of the sampled Union producers did not reveal any unreported sales.
Poleg tega je več strani trdilo, da (i) se višji stroški naložb kažejo v nižji donosnosti naložb za leto 2012 in OP (glede na to, da pri nekaterih naložbah ni takojšnje donosnosti) ter (ii) je nerazumno upoštevati le dveletno obdobje, obremenjeno z velikimi naložbami, in na podlagi tega skleniti, da se je položaj industrije Unije poslabšal.
Following the definitive disclosure, one user claimed that 2010 is not a suitable reference year as the stock levels were unusually low compared to the period 2006 till October 2009 (the period of investigation of the original anti-dumping investigation).
Naložbe v peči se niso izvajale samo v obravnavanem obdobju.
The claim is rejected as the sampled entities in the current investigations are different from the sample in the previous investigation and hence the data is not comparable.
Preiskava je pokazala, da je industrija Unije od leta 2004 izvajala naložbe v peči skoraj vsako leto.
The Commission limited its examination to the period considered, in particular with regard to microeconomic data, and does not have data at its possession with regard to stock levels of the sampled Union producers in the period prior to the period considered.
Zato bodo popravila ali ponovne postavitve peči ne glede na obravnavano časovno obdobje vedno vplivale na obseg proizvodnje in na donosnost naložb.
The government of the PRC stated that stock levels in 2011 are also higher in view of a 3 % decrease in Union consumption that year.
Zmanjšanje dobičkonosnosti vzorčenih proizvajalcev Unije kaže na to, da za podobni izdelek niso mogli zaračunati toliko, da bi si lahko privoščili naložbe, nujne za neprekinjeno poslovanje.
However, this element does not have an effect on the trend over the period considered.
Industrija steklenih vlaken je globalna dejavnost s finančnimi mehanizmi, ki presegajo finančne zmogljivosti vzorčenih proizvajalcev Unije.
Profitability, cash flow, investments, return on investments and ability to raise capital
Naložbene razmere ne vplivajo nujno na denarni tok.
Profitability, cash flow, investments and return on investments of the sampled Union producers developed over the period considered as follows:
Te trditve se zato zavrnejo.
Table 11
Sklep o položaju industrije Unije
Profitability, cash flow, investments and return on investments
Ugotovitve preiskav potrjujejo, da je industrija Unije utrpela znatno škodo, kot je opredeljeno v členu 3(5) osnovne protidampinške uredbe in členu 8(4) osnovne protisubvencijske uredbe.
Profitability of sales in the Union to unrelated customers (% of sales turnover)
Čeprav se je potrošnja Unije povečevala, je morala industrija Unije leta 2012 prodajne cene na enoto znova znižati, da je obdržala svoj tržni delež.
Cash flow (EUR)
Analiza nelojalnega nižanja prodajnih cen (glej uvodno izjavo 231) in zniževanje prodajnih cen proizvajalcev Unije (glej uvodno izjavo 263) jasno kažeta, da so proizvajalci Unije poskušali konkurirati ceni uvoza iz Kitajske ter so odpravili razliko v ceni.
Investments (EUR)
Vendar je to privedlo do močnega poslabšanja finančnih rezultatov proizvajalcev Unije, pri čemer industrija Unije že od leta 2012 poroča o izgubah.
Return on investments
Ta položaj kratko- in srednjeročno ni vzdržen.
The Commission established the profitability of the sampled Union producers by expressing the pre-tax profit of the sales of the like product to unrelated customers in the Union as a percentage of the turnover of those sales.
Negativno je bilo tudi gibanje drugih kazalnikov, kot so proizvodnja, proizvodna zmogljivost, zaposlovanje, zaloge in denarni tok, in sicer celo po uvedbi ukrepov zoper LRK.
During the period considered the profitability of the sampled Union producers decreased considerably from 3 % to – 4 %.
Ugotovitve obeh preiskav potrjujejo tudi, da so spremenjene okoliščine, ki so upravičile začetek delnega vmesnega protidampinškega pregleda, namreč prestrukturiranje in zaprtje nekaterih obratov Unije, kot je pojasnjeno v uvodni izjavi 244, bistvene in trajne.
The net cash flow is the ability of the Union producers to self-finance their activities.
Obrat se po zaprtju v celoti razstavi.
The cash flow has decreased significantly over the period considered (– 55 %).
Poleg tega je postavitev nove peči zelo draga in zamudna ter je ni mogoče izvesti v kratkem času.
The level of investments made by the sampled Union producers followed an increasing trend over the period considered.
Časa in stroškov postavitve novega obrata s pečmi se torej ne sme podcenjevati.
The increase was more significant in 2012 and the IP.
Prestrukturiranje in zaprtje nekaterih obratov se zato lahko štejeta za pomemben in dolgotrajen ukrep.
The high investment costs were in view of furnace rebuilds.
Več strani je poročalo o jasnih znakih, da škode ni.
In this capital intensive industry, furnaces have to be rebuilt every 7 to 10 years and the costs associated with rebuilding a furnace can amount to EUR 8 million — EUR 13 million (range given for reasons of confidentiality).
Te trditve so obravnavane v naslednjih uvodnih izjavah.
Investments also include substantial structural investment costs related to the alloy consumption from the bushings and its recurrent rebuilding.
CCCLA je navedla, da je enega od proizvajalcev Unije, družbo 3B Fibreglass, leta 2012 kupila skupina Binani in da mora biti splošna uspešnost industrije Unije dobra, saj noben razumen gospodarski subjekt ne bi vlagal v industrijo, ki ni uspešna.
The return on investment is the profit in percentage of the net book value of investments.
Zbornica navaja tudi letno poročilo družbe Braj Binani za leto 2013, v katerem je zapisano, da „se splošna uspešnost dveh proizvodnih enot v Belgiji in na Norveškem šteje za dobro“.
The return on investment followed clearly the negative trend of the profitability.
Poleg tega je CCCLA navedla tudi, da se je prihodek obeh proizvajalcev Unije med letom 2010 in OP povečal ter da industrija Unije torej očitno ne trpi nobene škode.
The deterioration of the return on investment is a clear indication of the deterioration of the economic situation of the Union industry during the period considered.
Navedku je treba dodati sobesedilo in ga prebrati v celoti:
The above fragile financial situation was in spite of the increased consumption during the period considered as described in recital 217 above, and the efforts of the Union industry to rationalize production costs, as described in recitals 244 above and 337 below.
„Splošna uspešnost dveh proizvodnih enot v Belgiji in na Norveškem se šteje za dobro, zmogljivost pa je bila zaradi manjšega povpraševanja na trgu delno omejena.
The investigations did not reveal any serious difficulties encountered by the sampled Union producers in raising capital.
Povečanje proizvodnje na običajno zmogljivost je potekalo brez težav.
The government of the PRC also claimed that the reduced profitability is directly related to the increase in cost of production and the loss in production resulting from the rebuilding of furnaces.
Trditev, da industrija Unije ne trpi škode, ker se je prihodek obeh proizvajalcev Unije med letom 2010 in OP povečal, je zavajajoča in netočna.
Firstly, the EUR 32 million of investments in the IP from 1 October 2012 to 30 September 2013 partly overlaps with the EUR 30 million in the year 2012.
CCCLA je za analizo uporabila prihodek, izražen v kilogramih.
Secondly, the investments made in those periods were essential for furnace rebuilds and are recurrent to the business and considered being made within the ordinary course of business as set out in recitals 241-250.
Vendar sklepanje zgolj na podlagi večjih količin prodaje ni točno, saj se pri tem ne upoštevajo ravni cen navedene prodaje ter s tem vpliv na dobičkonosnost družbe.
Thirdly, the level of investments had an impact on the results of the Union industry because it is generating additional costs.
Vlada LRK je trdila, da je vlaganje članov združenja APFE v povečanje zmogljivosti v Uniji in zunaj nje (npr. v LRK, Rusiji, Indiji in Tuniziji) jasen znak, da škode ni.
However, the main effects of the investments are reflected in the balance sheet and not in the Profit & Loss statement, showing the recurrent standard depreciation costs, and hence cannot explain in itself the loss-making situation.
Ta preiskava škode je povezana z uspešnostjo proizvajalcev Unije na trgu Unije.
Continuity of supply to customers is ensured by building buffer stocks.
V Uniji se torej zmogljivost ni povečala.
Finally, the impact of these investments on costs and company results are spread out over several years.
Glede na to, da so številni proizvajalci steklenih vlaken multinacionalne družbe, pa ni nič nenavadnega, da v primeru poslovnih priložnosti vlagajo tudi zunaj Unije.
In addition, several parties argued that (i) the higher investment costs are reflected in the lower return on investment for the years 2012 and the IP (given that some of the investments do not yield immediate returns) and (ii) it is unreasonable to take a two year snapshot overburdened by heavy investments and conclude that the Union industry has deteriorated on that basis.
V dodatne zmogljivosti zunaj Unije se vlaga zaradi izpolnjevanja potreb nastajajočih trgov in možnosti ustvarjanja dobička.
The investments in the furnaces are not exceptional to the period considered.
Postavitev obratov v teh regijah ustreza tudi prizadevanjem za približevanje tem strankam.
The investigation revealed that since 2004 furnace investments have been taking place nearly every year by the Union industry.
Vendar je poslovna odločitev o postavitvi obrata zunaj Unije popolnoma ločena od dejstva, da proizvajalci Unije trpijo škodo.
Therefore, whatever the timespan considered, there will always be effects of furnace repairs or rebuilds on the production volume and on the return on investment.
Podobne trditve o velikih naložbah industrije Unije so obravnavane v oddelku o samopovzročeni škodi.
The deterioration of the profitability of the sampled Union producers indicated that they were not able to charge prices for the like product allowing for essential investments for the continuity of the business.
Več strani je trdilo, da škode ni, ker so nekateri proizvajalci Unije napovedali, da bodo zaradi pokrivanja vse večjih stroškov surovin, energije in prevoza januarja 2014 zvišali cene podobnega izdelka.
The government of the PRC claimed that an industry will first use available cash before using borrowed funds and that therefore it is normal that the cash flow deteriorated when the sampled Union producers invested heavily in 2012 and the IP.
Prvič, ravni cen v letu 2014 se nanašajo na dogodke po OP.
Moreover, they claim that a loss making industry could not have invested as much as the sampled companies did.
Drugič, industrija Unije je v zadnjih letih večino takšnih zvišanj cen absorbirala prek povečanj produktivnosti.
The filament glass fibre industry is a global business with financing mechanisms that extend beyond the financial remit of the sampled Union producers.
Vendar na določeni točki kratkoročno izvajanje nadaljnjih povečanj produktivnosti postane veliko težje.
Investment situations do not necessarily have an impact on the cash flow.
Glede na to, da je industrija Unije v OP poslovala z izgubo in da absorpcija teh zvišanj cen ni več mogoča, bo morala na določeni točki ta zvišanja prenesti na stranke, pri čemer bo tvegala, da izgubi še več tržnega deleža.
Therefore these claims are rejected.
Trditve so bile na podlagi navedenega zavrnjene.
Conclusion on the situation of the Union industry
E. VZROČNA ZVEZA
The findings of the investigations confirm that the Union industry suffered material injury as defined by Article 3(5) of the basic anti-dumping Regulation and Article 8(4) of the basic anti-subsidy Regulation.
V skladu s členom 3(6) in 3(7) osnovne protidampinške uredbe ter členom 8(6) in 8(7) osnovne protisubvencijske uredbe je bilo proučeno, ali je dampinški in subvencionirani uvoz iz LRK industriji Unije povzročil tolikšno škodo, da jo je mogoče šteti za znatno.
The imposition of anti-dumping measures allowed the Union industry to raise its prices in 2011.
Poleg dampinškega uvoza so bili proučeni tudi drugi znani dejavniki, ki bi lahko sočasno povzročili škodo industriji Unije, s čimer se je zagotovilo, da se morebitna škoda zaradi teh drugih dejavnikov ni pripisala dampinškemu in subvencioniranemu uvozu.
Even though Union consumption has been on the rise, the Union industry had no choice but to lower its unit sales prices again as of 2012 in order to maintain its market share.
Preiskavi sta pokazali, da se je v obravnavanem obdobju, v katerem se je za referenčno leto upoštevalo leto 2009, obseg dampinškega in subvencioniranega uvoza iz LRK kljub veljavnim protidampinškim ukrepom povečal (za 32 %).
The analysis of the price undercutting, see recital 231, and the declining trend in the sales price of the Union producers, see recital 263, clearly shows that the Union producers have tried to compete on price with Chinese imports and have closed the price gap.
Posledica tega je bilo, da se je tržni delež LRK povečal, in sicer s 13–18 % leta 2009 na 15–20 % do konca OP.
However, this has led to a strong deterioration of the Union producers' financial results with the Union industry reporting losses since 2012.
Hkrati se je kljub povečanju potrošnje tržni delež industrije Unije v obravnavanem obdobju zmanjšal za tri odstotne točke.
This situation is not sustainable in the short to medium run.
Povprečne cene dampinškega in subvencioniranega uvoza so se med letom 2010 in OP znižale za 8 % ter so bile nižje od cen industrije Unije v istem obdobju.
Other indicators also developed negatively, even after the imposition of measures against the PRC, such as production, production capacity, employment, inventories and cash flow.
Industrija Unije je v letih 2010 in 2011 še poslovala z dobičkom, potem pa je začela ustvarjati izgubo, kar je sovpadlo s povečanjem dampinškega in subvencioniranega uvoza iz LRK.
The findings of both investigations also confirm that the changed circumstances that justified the initiation of the partial interim anti-dumping review, namely the restructuring and the closure of some of the Union plants as explained in recital 244 above, are of a substantial and lasting nature.
Industriji Unije ni uspelo obdržati tržnega deleža niti po znižanju prodajne cene.
Following the closure of a plant, the plant is fully dismantled.
Zaradi tega znižanja cene se je zmanjšala dobičkonosnost, kar je privedlo do položaja, v katerem se je ustvarjala izguba.
Moreover, setting a new furnace is highly capital and time consuming and cannot be realized in the short run.
Na podlagi navedenega se ugotavlja, da je raven cene dampinškega in subvencioniranega uvoza iz LRK skupaj s povečanim obsegom precej negativno vplivala na gospodarski položaj industrije Unije ter je imela tako odločilno vlogo pri povzročitvi znatne škode industriji Unije.
The time and costs to set up a new plant with furnaces should therefore not be underestimated.
Številne strani so po dokončnem razkritju trdile, da manjka analiza, ki bi dokazala, da je uvoz iz Kitajske povzročil znižanje cen industrije Unije in škodo, ki jo je zaradi tega utrpela, ter da se Komisija v svoji analizi zanaša le na časovno sovpadanje.
Restructuring and closing some of the plants can therefore be considered as substantial and of a lasting nature.
Te strani se sklicujejo na poročilo odbora o kitajski rentgenski opremi:
Several parties claimed that there were clear signs of lack of injury.
„Odbor priznava, da splošna povezava med dampinškim uvozom in škodo, ki jo je utrpela domača industrija, lahko podpre ugotovitev o vzročni zvezi.
The claims are addressed in the following recitals.
Vendar taka analiza sovpadanja pri vprašanju vzročne zveze ni odločilna; vzročna zveza in sovpadanje sta različna pojma.
The CCCLA stated that one of the Union producers, 3B Fibreglass, was acquired in 2012 by the Binani group and that the overall performance of the Union industry must be good as no rational economic operator would invest in an industry which is not performing.
Vprašanja vzročne zveze glede na okoliščine tega primera […] ni mogoče rešiti s tako splošno ugotovitvijo sovpadanja“ [40].
They also quote the 2013 Annual report of Braj Binani that ‘the overall performance of the 2 manufacturing units at Belgium and Norway is considered good’.
Vendar sklepi temeljijo na analizi veliko kazalnikov.
In addition, the CCCLA also stated that the turnover of two Union producers increased between 2010 and the IP and that the Union industry is therefore clearly not suffering any injury.
Kot je navedeno v oddelku D, je preiskava učinka dampinškega in subvencioniranega uvoza na industrijo vključevala oceno vseh pomembnih ekonomskih dejstev in pokazateljev, ki so vplivali na stanje industrije Unije.
The Indian Binani Group indeed acquired 3B Fibreglass in 2012.
Veliko kazalnikov je kazalo na škodljiv položaj.
However, irrespective of the individual business motivations of the Binani Group, the Commission refers to its findings of the investigation that the Union industry has lost market share and profitability.
V takem položaju je edini razlog za to, da je industrija Unije znižala cene, ohranitev tržnega deleža ali vsaj preprečitev nadaljnje izgube tržnega deleža pri spoprijemanju s cenovno konkurenco.
The quote should be put into context and reads in full:
Industriji Unije je po uvedbi prvotnih ukrepov leta 2011 uspelo zvišati cene, vendar jih je morala v naslednjih letih spet znižati, pri čemer pa ni zmanjšala stroškov proizvodnje.
‘The overall performance of the 2 manufacturing units at Belgium and Norway is considered good and capacity was partially constrained to cope with the lower market demand.
Kot je podrobneje opisano v uvodnih izjavah 320–335, se je izvoz iz tretjih držav v celotnem obravnavanem obdobju pretežno izvajal po visokih cenah, pri čemer je tržni delež tretjih držav ostal razmeroma enak in se je po letu 2011 celo zmanjšal.
The production ramp up to normal efficiencies went on well.
Industrija Unije torej ni znižala cen zaradi uvoza iz tretjih držav, temveč zaradi majhnega obsega dampinškega in subvencioniranega uvoza iz LRK.
Average realization was however, on the lower side due to cheap Asian imports.’
Po letu 2011 se je precej povečal samo uvoz iz LRK, industriji Unije je tržni delež odvzel samo uvoz iz LRK in znižale so se samo cene uvoza iz LRK.
The claim that the Union industry is not suffering injury, because two Union producers had an increased turnover between 2010 and the IP, is misleading and not correct.
Na podlagi tega je Komisija ugotovila, da je znižanje cen industrije Unije in škodo, ki jo je zaradi tega utrpela, povzročil dampinški in subvencionirani uvoz iz LRK.
The CCCLA based itself for this analysis on turnover expressed in kg.
V nadaljevanju so analizirani drugi dejavniki, ki bi lahko prekinili to vzročno zvezo.
However, drawing conclusions by only looking at higher sales quantities is not accurate as it does not take into account the price level of those sales and therefore the impact on the profitability of the company.
CCCLA in vlada LRK sta trdili, da ni bilo padca cen ali oviranja dviga cen, ker „znižanje prodajnih cen proizvajalcev Unije ni znatno, saj so se cene v obravnavanem obdobju znižale za največ 2 %“.
The government of the PRC claimed that as APFE members are investing in capacity increases in and outside the Union (e.g. the PRC, Russia, India and Tunisia), there is a clear sign of lack of injury.
Številne strani so trdile še, da 1-odstotno zmanjšanje prodaje Unije, 2-odstotno povečanje tržnega deleža uvoza iz LRK in 3-odstotno zmanjšanje tržnega deleža industrije Unije ne upravičujejo predlaganih drastičnih ukrepov.
This injury investigation is linked to the performance of the Union producers on the Union market.
Zato gre brez dvoma za precejšen padec prodajnih cen.
As seen in table 4 above, the Union industry had a slight capacity increase in 2011 of 1 % where after the capacity reduced by 5 percentage points towards the end of the IP.
Čeprav so bili uvedeni protidampinški ukrepi, se je industrija Unije še naprej spoprijemala z zmanjšanjem obsega prodaje, znižanjem cen in zmanjšanjem tržnega deleža, medtem ko sta se obseg prodaje in tržni delež uvoza iz Kitajske povečala za veliko več kot v obdobju prvotne preiskave.
Therefore, there is no capacity increase in the Union.
Industrija Unije bi si morala po uvedbi ukrepov praviloma opomoči od učinkov preteklega dampinga ali subvencij.
However, given that many filament glass fibre producers are multinational companies, it is no surprise that these companies also invest outside the Union when there is a business opportunity.
Vendar očitno ni bilo tako.
Investing in extra capacity outside the Union is done to fulfil the needs of emerging markets and with the prospect of making a profit.
Po nekaj znakih izboljšanja, ki jih je bilo opaziti takoj po uvedbi ukrepov, se je položaj industrije Unije v obravnavanem obdobju še bolj poslabšal.
Setting up plants in these regions also fits into the picture of being close to these customers.
En nepovezan uvoznik je navedel, da proizvajalcem Unije ne bi bilo treba znižati cen v tolikšnem obsegu, kot so jih, saj je bilo povpraševanje na trgu Unije večje od ponudbe.
However, the business decision to set up a plant outside the Union or not, stands completely separate from the fact that the Union producers are suffering injury.
Vlada LRK je trdila, da znižanja prodajnih cen Unije in znižanja cen uvoza iz Kitajske ni mogoče obravnavati brez upoštevanja globalnega gibanja cen zadevnega izdelka ter da sta v skladu z običajnim dogajanjem na trgu.
Similar allegations on large investments made by the Union industry are addressed in the section on self-inflicted injury below.
Poleg tega je vlada LRK trdila, da Komisija ni preverila, ali bi bilo ob upoštevanju globalnih tržnih razmer leta 2011 (po uvedbi ukrepov v predhodni preiskavi) mogoče zvišati cene in za koliko.
Several parties claimed that there is absence of injury given that some Union producers announced that their prices of the like product will increase as from January 2014 in order to compensate for the continued rise in raw material, energy and transportation costs.
Komisija je tudi napačno zavrnila predložene dokaze o zvišanju cen proizvajalcev Unije po OP, pri čemer se sklicuje na primere solarnega stekla in osebnih telefaksov [41].
First, price levels in 2014 relate to post IP events.
Po mnenju Komisije je bila izjava, da je bilo povpraševanje večje od ponudbe, neutemeljena.
Second, the Union industry has been absorbing over the last years the majority of such price increases via productivity increases.
Izguba tržnega deleža in povečanje zalog ne kažeta na to, da je bilo povpraševanje večje od ponudbe, temveč prej nasprotno.
However, there comes a point that further productivity increases are much harder to implement in the short term.
Kar zadeva trditev vlade LRK o zadevnem gibanju cen, je to povezano s prodajo na trgu Unije, ne z globalnim položajem.
Given that in the IP the Union industry was loss making and absorption of these price increases is no longer possible, at a certain point in time it becomes inevitable that such increases need to be passed on to customers whereby the risk exists that further market share might be lost.
Na trgu Unije se konkurenca med podobnim izdelkom in zadevnim izdelkom obravnava na ravni cen.
On the basis of the above, the claims were rejected.
Kot je prikazano zgoraj, znižanja cen ni mogoče pripisati drugim dejavnikom kot cenovni konkurenci (glede na precej stabilne stroške proizvodnje in potrošnjo Unije).
E. CAUSATION
Poleg tega vlada LRK ni predložila dodatnih informacij o globalnem gibanju cen.
In accordance with Article 3(6) and Article 3(7) of the basic anti-dumping Regulation and Article 8(6) and Article 8(7) of the basic anti-subsidy Regulation, it was examined whether the dumped and subsidised imports from the PRC had caused injury to the Union industry to a degree that enabled it to be classified as material.
Zato se ta trditev šteje za neutemeljeno.