Home / Knowledge / News / Textiles / High ethylene prices force OUCC to cut EG production
High ethylene prices force OUCC to cut EG production
17
Jun '08
Oriental Union Chemical Corp (OUCC), a leading chemical provider in Taiwan, has plans to cut 10 to 20 percent of its 250,000 tons annual production capacity of Ethylene Glycol (EG) production. This is mainly due to high price of upstream ethylene and weak demand from downstream chemical fiber industry. The company is unable to fully pass the pressure to downstream sector.

OUCC performed well for the year of 2007, with total annual sales revenues of 13,368,722 thousand NTD, significantly increasing from 2006.

Strong market demands, continuing in 2008, have resulted in an increase of 104 percent in sales revenues to 1.6 billion NTD; and 215 percent in net earnings to 510 million NTD in the specialty chemical area for the first quarter this year.

This has strongly demonstrated that the strategy to transform OUCC from EG as its main product to diversity including EA, EC and other specialty chemicals has been successfully implemented.

Oriental Union Chemical Corporation

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

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

Wendell Rodricks
Wendell Rodricks

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search