Home / Knowledge / News / Textiles / CPDC denies rumours of cutback in ACN operational rates
CPDC denies rumours of cutback in ACN operational rates
20
Apr '09
Reports had emanated in the Asian petrochemical markets regarding an impeding decision of China Petrochemical Development Corporation (CPDC), intending to once again cut the operating rate of its Acrylonitrile (ACN) plant.

Located in Kaohsiung province, the operating capacity of 190,000 tons per annum plant had earlier been reduced to 50 percent in August last year, due to a slowdown in demand from its downstream manufacturers.

But on the back of an increase in demand, since, the second month of 2009, CPDC had once again ramped up ACN production capacity to higher levels, around 80-90 percent, March onwards to meet the rise in demand.

Fibre2fashion spoke to a company official of CPDC who informed us that, “CPDC was running both its ACN lines of 190,000 tons per year capacity at 50 percent operating capacity from last August to March, due to market issues”.

He continued, “Currently, all of the producers in Asia are facing the same problem of high feedstock of ACN, so although prices are rising, the company is still losing money”. But he categorically denied the news of a reduction in operating capacity by saying, “CPDC will still run both the lines at 90 percent operational rates in May”.

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

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

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

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 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