Home / Knowledge / News / Textiles / Acrylonitrile manufacturers crop production
Acrylonitrile manufacturers crop production
26
Jul '08
A number of global acrylonitrile producers have cropped production in recent weeks in response to weak market economy.

Taekwang Industrial an acrylonitrile and acrylic fiber production company in South Korea has reduced its production capacity by 5 to 10 percent from last week.

Sources from the company informed Fibre2fashion "that they have indeed reduced their plant operations due to higher feedstock price, and poor availability of feedstock material." He also added that since their main feedstock provider has also reduced their plant operational rate, so Taekwang was also forced to cut their production to maintain feedstock levels.

Similarly fibre2fashion also spoke to Tongsuh Petrochemical Corp, another major acrylonitrile producer, which also has plans to reduce their plant operation rate by at least 10 percent since profit margins have gone down due to high prices of propylene. However, an announcement in this regard would only come by July 28.

Similarly Asahi Kasei also confirmed the news to fibre2fashion but refused to divulge details of the cut.

Acrylonitrile is being quoted by Tongsuh Petrochemicals at US $2200 per ton (FOB Korea) for July deliveries.

The manufacturers of the acrylonitrile need to price it at a minimum US $2275 for breakeven, considering that prices of propylene are ruling at $1,775 per ton CFR China/Northeast Asia.

Ineos Nitriles and Cytec Industries have also cut back their acrylonitrile production in the US, by 30 and 25 percent respectively.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Rieter

Textiles | On 22nd Aug 2017

Rieter unveils new generation of RDB-D 50 draw frame

Rieter, a producer of textile machinery and automobile components,...

Courtesy: Alizilla

Textiles | On 22nd Aug 2017

‘New Retail’ strategy Alibaba’s focus in next 15 years

Alibaba executive vice chairman Joe Tsai has said that the next 15...

Courtesy: Eurovet/ Interfiliere Shanghai

Textiles | On 22nd Aug 2017

Interfiliere Shanghai to focus on textile printing

Interfiliere Shanghai, the leading trade show for intimates,...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Johan Berlin
InvestKonsult Sweden AB

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

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

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
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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