Home / Knowledge / News / Textiles / Ticona to strengthen presence in Asia
Ticona to strengthen presence in Asia
17
Apr '08
Ticona, the engineering polymers business of Celanese Corporation, is pinning high hopes on growth in Asia. The company is planning a series of new investments to further strengthen its existing presence in the region over the next few years. In so doing, it intends to enhance its position as a global supplier of high-performance plastics and at the same time benefit from the strong economic growth in Asian countries.

“The Asian market is recording double-digit growth rates at present,” explained Lyndon Cole, president of Ticona, at the end of June in Frankfurt. “Our strategy is to take control of our destiny in the region and to capture a leading share of this growth directly with an enhanced local product and service offering to support our customer's globalization efforts and development requirements. Over the next few years, we will add local production facilities for our core products and commercial, technical and application development resources.”

Commitment to long-term involvement in China
The main pillar of Ticona's Asian growth strategy will be China. Back in mid-May, Ticona celebrated the groundbreaking ceremony for two new production plants in Nanjing – one for GUR UHMWPE and the other for Celstran LFT. Both plants are scheduled to come on stream in 2008. As a result, the company's global capacity for GUR will increase to over 90,000 tonnes per year and capacity for Celstran to more than 35,000 tonnes. In February this year Ticona also announced that plans are being developed for quickly installing local compounding, and Vectra LCP and Hostaform POM production in the region within the next three to five years.


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Krishnanand Tripathi
Textrade International Ltd

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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