Home / Knowledge / News / Textiles / VSF to guide Sateria's profit in H2
VSF to guide Sateria's profit in H2
17
Dec '13
Given the fast growing market demand for viscose staple fibre (VSF), a man-made, biodegradable fibre with characteristics akin to cotton, Hong Kong-listed specialty cellulose producer Sateria is trying to put the VSF fabric production ahead both for export and domestic garmenting units' use.
 
Keeping in mind the potential of the VSF fabric fetching higher value in the export market, especially in fashion garmenting, Sateria has decided to continue its ongoing strategy to further penetrate into the specialty-grade VSF segment, which has more stable pricing.
 
The increased export of finished VSF fabrics or their use by the global garment units would mean more value and a widened market for Sateri, which has to find market for its 360,000 metric tonnes production of VSF. Sateri has plans to invest approximately USD 550 million in its VSF project in Fujian, China. 
 
During the first six months of 2013, the Group continued the ongoing construction of its greenfield VSF project in Fujian, China, which is on track and is expected to be operational by the end of 2013. 
 
The company, in its earnings for the six months ended June 2013, announced that the group will focus on completing its VSF project in Fujian, China, which is scheduled to be operational by the end of this year. Total investment is expected to be approximately RMB3.5 billion (approximately USD 550 million), supported by committed project finance facilities of RMB2.0 billion. 
 
In the first half of 2013, market conditions remained challenging and product pricing for VSF remained weak. VSF pricing saw weaker prices from China’s slower economic growth. Although the market stabilized temporarily in the first few months in 2013, spot market prices of VSF softened to under USD 1,900 per metric ton, as at 30 June 2013. 
 
With the capability to offer the entire range of cellulosic fibre, Sateria has positioned itself as a dependable supplier of VSF fibres across global markets. The company has ventured into the production of high-performance viscose fibres to help the company penetrate into global markets and grow further. 
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
July 2017

July 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