Home / Knowledge / News / Textiles / Polyester industry in dilemma
Polyester industry in dilemma
16
Jun '09
The polyester industry has suffered as much as the other sub-sectors of the textile industry. The biggest blow other than the reduced demand in the last few months had come from the drastic reduction in prices of polyester fibre and its intermediates and this at a time when prices of its contemporaries in the petrochemicals sector is on a growth curve.

When asked about the current situation in the polyester value chain, Yoshitaka Yamagata from the Corporate Communications Department at Toray Industries Inc, Japan had this to say, “On the whole, our fibers and textiles businesses were severely affected by the economic slowdown, including the polyester business. The movement of goods for apparel applications remained sluggish reflecting weak demand for clothing, and sales volume of products for industrial applications decreased especially in the automotive sector as demand for such products declined significantly.

“In response to this difficult business circumstances, we implemented such measures as to reduce output to adjust inventory levels, reduce capital investments, and cut down expenses and as to the forecast for 2009, we expect the economy will remain weak and early recovery looks unlikely. We cannot comment on the outlook only for the polyester industry, but we expect harsh business environment to continue in the industry at least during the first half”, he concluded by saying.

Komori Yayoi also from the Corporate Communication Department of the Japan based Kuraray Co. Ltd. was of the opinion that, “Sales of long-fiber polyester remained steady for sports clothing, but exports to the Middle East, Europe, and other regions declined due to a sharp appreciation of the yen in addition to a slump in sales of other clothing items and the decrease in demand also affected both the domestic demand and exports of short-fiber polyester”.



Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

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...

Ashok Desai
Bombay Textile Research Association

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

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

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

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