Home / Knowledge / News / Textiles / New petrochemical project brings gloom to Asian manufacturers
New petrochemical project brings gloom to Asian manufacturers
09
Jun '09
One more petrochemical project is in the offing in the Middle East, bringing despair to an industry which is going to battle with over capacity in the next few years. SABIC and Sipchem have jointly announced investment of US $4 billion to set up a slew of plants.

The plan is to build nine plants in all to manufacture specialty and electronic industry plastic raw materials. This will bring more troubles to manufacturers in Asia who are not able to compete with the Middle East manufacturers in terms of cost.

In the pipeline is a MMA plant with a capacity of 250,000 metric tons per annum, PMMA plant of 30,000 tons per year, an AN plant of 200,000 tons per year, a PP plant with a capacity of 50,000 tons per annum.

Also is a POM plant with a capacity of 50,000 tons, a PAN plant with a capacity of 5,000, and a sodium cyanide plant with a capacity of 40,000 tons. Sipchem as its contribution will invest in a 125,000 tons per annum PVA plant and an EVA plant with a capacity of 200,000 tons per year.

The direct brunt of expansion in petrochemical capacity by Middle East producers will be felt directly by the Taiwanese, Korean and Japanese petrochemical manufacturers since most of this output will be sold in their Asian markets.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sanjukta Dutta
Sanjukta's Studio

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

Judy Frater
Somaiya Kala Vidya

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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

news category


Related Categories:
April 2017

April 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



X