Home / Knowledge / News / Textiles / China's petrochemical sector profit grows in H1 2013
China's petrochemical sector profit grows in H1 2013
31
Jul '13
The main business revenue of the Chinese petrochemical industry reached 6.3 trillion yuan in the first half of 2013, showing an increase of 10 percent year-on-year, according to relevant data.
 
The Chinese petrochemical industry realized a total profit of 400 billion yuan from January to June 2013, registering an increase of 11 percent year-on-year.
 
In fact, the western region of China showed a sustained and rapid growth in petrochemical sector investment during the six-month period, representing an increase of 27.2 percent year-on-year.
 
Speaking at the eighth Taiwan Strait Petrochemical Technology Conference, held in Ningxia, recently, Li Wu, president of the China Petroleum and Chemical Industry Federation said, China’s petrochemical industry has grown in leaps and bounds since 2000, with a growth in industrial base, industrial chain, and technological innovation, thus laying a strong foundation.
 
Over the years, the Chinese petrochemical industry is expanding rapidly and has formed more than 50 key industries, producing over 60,000 kinds of products.
 
Currently, the output value, profits, investment, and growth rate of imports and exports of the Chinese mainland petrochemical industry has maintained a high level, Li said.
 
However, some Chinese petrochemical enterprises are currently facing a problem of excess capacity and insufficient demand. In addition, there are difficulties posed by corporate restructuring operations and increased risk of short-term interests, which makes decision-making a more difficult challenge.
 
This is forcing the Chinese petrochemical firms to take innovation-driven, transformation and upgrading road to development, while adhering to quality improvement, Li said.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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