Home / Knowledge / News / Textiles / PET market players seek optimal solutions
PET market players seek optimal solutions
Jul '09
The market of Polyethylene Terephthalate (PET) is experiencing drastic impacts of global economic crisis. Almost all the players of this market are suffering from this crisis and are searching for best possible solutions to endure the challenging economic climate.

The reality and the stance of the World PET market and Russian PET market were addressed at 'PET 2009', the International Conference held by Creon CJSC in Moscow. Currently, the Russian PET market is more dependent on imports attributed to lack of domestic production capacities.

In addition to this, several more recessionary upshots like low priced raw materials, diminished consumers' activities, as well as volatile exchange rates which have left their marks on PET market.

The preliminary estimates reveled that the PET production of Russia in 2008 was 190,400 tons, which was 16.2 percent more than the production in 2007. However, the consumption of PET has decreased by 6 percent from 573,000 to 538,400 tons and the rest of the demand gap is filled by imports of the raw material.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search