Home / Knowledge / News / Textiles / China to become 3rd largest para-aramid producer
China to become 3rd largest para-aramid producer
26
Dec '11
Next to the United States and Japan, China is likely to become the world's third most leading manufacturer of para-aramid, a strong and heat resistant synthetic fibre, by 2015, President of China Bluestar Chengrand Chemical Co Ltd, Mr. Cao Xianjun has said.

Mr. Cao informed that Bluestar Chengrand, an arm of China's largest chemical firm – China National Chemical Corp (ChemChina), now has an annual capacity to produce 1,000 tons of para-aramid fibre, which finds great utility in aerospace industry and with military, and is also used in components for ships, automobiles and high-speed trains.

The firm proposes to set up a production line with a capacity to produce another 10,000 tons of para-aramid per annum and to install new machinery to support production of composite materials out of para-aramid and intends to invest around three billion yuan or US$ 476 million for the same.

When the new line becomes functional in 2015, Bluestar Chengrand would become the world's third largest manufacturer of para-aramid, next to the US's DuPont and Japan's Teijin, Mr. Cao said.

The holding firm has undertaken to build up its strength by investing around seven billion yuan in para-aramid production each year from 2011 to 2015.

The firm would each year divert around 3.5 percent of its annual turnover to its R&D division, and would also look forward to establishing a number of research institutes and R&D bases across China.

ChemChina, which earned 140 billion yuan in sales revenue during last year, looks forward to earn 200 billion yuan from sales each year, for the next five years.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search