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: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

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

Wendell Rodricks
Wendell Rodricks

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


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