Home / Knowledge / News / Textiles / Taiwan's value-added petrochemical output grows in 2012
Taiwan's value-added petrochemical output grows in 2012
08
Apr '13
Production of high value-added items in Taiwan’s petrochemical industry grew by 15.4 percent year-on-year in 2012, according to the Council for Economic Planning and Development (CEPD) statistics.
 
The rate is higher than 14.4 percent year-on-year production growth achieved in 2011, but lower than 16.6 percent y-o-y growth tapped during 2010 and 17.7 percent y-o-y in 2009, Taipei Times reported.
 
The rate is derived by comparing the industry’s output of high value-added goods to its overall production.
 
In spite of several problems faced by the local producers, including problems in acquiring technological know-how and competition from India, Thailand and Singapore, CEPD forecasts that rising investments would help the Taiwanese value-added petrochemical sector to achieve a 16 percent rise in production this year.
 
Last week, CEPD said that in line with last year’s investment of NT$ 99 billion, this year too, Taiwan proposes to invest around NT$ 100 billion or US$ 3.35 billion in domestic petrochemical industry.
 
Of the total sum, NT$ 15 billion would be invested in high-value petrochemical sector this year, around 13 percent more than NT$ 13.3 billion invested last year, it added. 
 
Increasing investment in production of high value-added items would help Taiwanese firms to better withstand the competition extended by low value-added items from China and the Middle East, given that low value-added goods are more exposed to the risk of changing business cycles, the Council said.
 
Meanwhile, in a bid to help producers of high value-added petrochemical items in the country to excel in the value chain, Taiwan’s Ministry of Economic Affairs (MOEA) has constituted a separate office that works in association with research institutions.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
May 2017

May 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