Here is latest on Anti dumping duty case status filed by IPCA(India Pcb mfgr assicoation) on behalf of PCB manaufactures in india, details for folks interested to check out are here
- Prima facie there seems to be a merit in case as evaluated at time of admission
- some more intersting data of industry size/ players in case details – 200+ small manufactuers, however top few players contribute a 25%+ share (per case doc) – indicates a fragmented industry – if we look at margin range as showon in above post its all over and will likely differentiate efficient players – would be worth investigating as to what are the drivers working for some players (e.g. one factor for Fuba seem to riding on Auto industry incldg EVs where it takes longer time to qualify and become supplier).
- Industry association for PCB mfgr has some more resources
https://www.ipcapcb.org/
While case is still ongoing and may see outcome soon, whats interesting is that players like BCC Fuba seem to be doing well (incldg AGM commentary from mgmt) irrespective of this case ADD outcome, it may create additional tailwind for industry itself if ADD were to be imposed on imports of PCB. In general clear mandate of make in india and domestic industry focus from Govt – its more likely to see favorable outcome – extent/impact to be seen.
D – same as before
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