Home / Knowledge / News / Textiles / Chinese spandex firms make profit in Q1 of 2013
Chinese spandex firms make profit in Q1 of 2013
26
Apr '13
Spandex manufacturing firms in China have posted profits during the first three months of the current year due to gradual rise in demand.
 
For example, Huafeng Spandex registered a net profit of more than 15 million yuan in January-March 2013 period, compared to loss of 27.35 million yuan made by the company during the same period a year earlier.
 
Similarly, Taihe New Material is likely to earn a net profit of over 10 million yuan for the three-month period, which would be an increase of around 100 percent year-on-year.
 
In recent months, spandex exports from China have gradually risen from single customer bases in Europe and the US, to countries like India, Bangladesh, Vietnam, Brazil, Indonesia and Turkey.
 
However, the current rally in spandex prices may not continue for long, according to analysts, as the Chinese spandex market is still oversupplied.
 
The existing spandex demand in China is only about 400,000 tons annually, compared to overall production capacity of approximately 500,000 tons, i.e. an oversupply of 20 percent.
 
In 2011, spandex production capacity increased by about 25 percent in China leading to a fall in price. The prices of mainstream spandex varieties have fallen from a high of 100,000 yuan/ton to 45,000 yuan/ton in the past three years.
 
The recent increase in spandex prices would help some manufactures to earn profits, but it is still unlikely whether these enterprises would be able to sustain profit-making throughout the year, analysts say.
 

Fibre2fashion News Desk - China


Must ReadView All

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

ACFTA to benefit Egyptian RMG exports: trade body official

Apparel/Garments | On 24th Apr 2018

ACFTA to benefit Egyptian RMG exports: trade body official

Egypt’s readymade garment (RMG) sector’s exports to African countries ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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