Home / Knowledge / News / Textiles / Taiwan's value-added petrochemical output grows in 2012
Taiwan's value-added petrochemical output grows in 2012
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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search