Home / Knowledge / News / Textiles / 6th China International Polyester & Intermediates Forum to be held in Oct
6th China International Polyester & Intermediates Forum to be held in Oct
Aug '09
In 2008 the financial crisis sent the world's economies into turmoil, hitting the global manufacturing industry particularly hard. The Chinese textile and apparel industry, heavily reliant on exports, did not escape unscathed. Industry giants, including Jiangxi Polyester Fiber, Jianglong Textile, Zhejiang Yuanzheng, Zhejiang Fengming, Zhejiang Zongheng and Hualian Sunshine, were all forced into bankruptcy or restructuring.

Venue & Date: 28 - 30 October 2009, Rainbow Hotel, Shanghai

In China, the polyester industry has been badly damaged by the tough economic times. The whole chain has suffered tremendous losses as prices have slumped. Under the heavy burden imposed by financial pressure and poor sales, many suppliers have had to cut operating rates. Demand from both overseas and domestic markets has shrunk considerably.

Up and down the polyester chain, petrochemical producers to textile manufacturers are looking for ways to come out from the shadow cast by the downturn. The Chinese government has taken many measures to try to revive this industry, including raising the reserve ratio and export rebate rates. At the same time, there are signs of recovery in the world financial system and crude oil prices have also risen off the bottom. All these positive factors represent opportunities; but how can the polyester industry successfully exploit these opportunities?

-Challenges go hand in hand with opportunities. Periods of financial crisis are changing the shape of the manufacturing industry. This can often reveal opportunities to improve management structures and to promote cooperation and innovation.

- The very success of the polyester industry has bred its own problems. A flurry of new paraxylene, PTA and MEG plants has threatened to upset the domestic demand/supply balance, intensifying competition to very challenging levels, in some cases. Will the new privately owned enterprises favour new ways of doing business that conflict with the more traditional price mechanisms in China? How long can industrial filament and PET bottle chip grade manufacturers expect to be able to maintain a successful industry?

What changes have taken place in the role of polyester fibres in the Chinese textile industry? Against the backdrop of a financial crisis of global proportions, where does the future lie for China's textile industry, and more specifically, what lies in store for the country's polyester industry?

This unprecedented and challenging market situation makes the Polyester and Intermediates Forum more crucial than ever as a tool to identify opportunities and expose challenges in our industry. Following on from five successful years, China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem are jointly organizing the 6th China International Polyester & Intermediates Forum to be held on 28-30 Oct 2009 in Shanghai, China.

Tecnon OrbiChem Ltd

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


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