Home / Knowledge / News / Textiles / Teijin & Showa Shell Sekiyu to launch Paraxylene sales JV
Teijin & Showa Shell Sekiyu to launch Paraxylene sales JV
05
Feb '08
Teijin Fibers Limited and Showa Shell Sekiyu K.K. announced today their agreement to establish a joint-venture company to sell paraxylene products.

The new JV will leverage the partners' mutual strengths for the stable supply and procurement of mixed xylene, thereby enabling Teijin Fibers to improve earnings from its polyester business and Showa Shell Sekiyu to expand its petrochemical business.

Other opportunities for collaboration are also being explored.

Background and purpose
1. Supported by strong demand for polyester in Asia, global demand is also steadily increasing for materials in the polyester production chain, including naphtha, mixed xylene, paraxylene and terephthalic acid.
2. Market demand for paraxylene, particularly in Asia, is especially strong. In Japan, about 3.36 million tons were manufactured in fiscal 2006, and domestic consumption came to 1.07 million tons.
3. Teijin Fibers produces 290,000 tons of paraxylene annually at its Matsuyama factory. It is used as a polyester raw material in the Teijin Group, and is also sold outside the group.
4. Showa Shell Sekiyu group produces mixed xylene and sells it mainly to paraxylene manufacturers, including Teijin Fibers.
5. The JV will provide Showa Shell Sekiyu with a stable demand for mixed xylene, and enable it to enter into the petrochemical field. For Teijin Fibers, the JV will secure a stable supply of mixed xylene and ensure the stable production of paraxylene, thereby helping to enhance the competitiveness of polyester business in the Teijin Group.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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