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

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

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

Bani Batra

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

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