Home / Knowledge / News / Textiles / Chemical fibre sector surges in Q2
Chemical fibre sector surges in Q2
09
Sep '09
China's chemical fiber industry increased both in price and trade volume in the first half of this year. China's chemical fiber industry totally produced 12.88 million tons of chemical fibers in the first half, an increase of 10.57 percent year on year.

Chemical fiber production in the second quarter of 2009 increased by 24.48 percent compared with the previous quarter, indicating an improvement in demand for chemical fiber industry in the second quarter.

Since 2009, prices of viscose and other chemical fibers have rebounded to some extent, since the steep fall in prices in the fourth quarter of 2008, creating immense losses for fiber manufacturers.

The overall losses of listed companies displayed a declining trend in the second quarter, when compared with the previous quarter. 25 listed companies of the chemical fiber industry realized total operating incomes of 137.1 billion Yuan in the first half of 2009, down 10.60 percent year on year, net profits of 441 million Yuan, down 24.69 percent year on year.

Taking only the second quarter into account, their total revenues reduced 17.34 percent year on year, but increased 29.82 percent from the previous quarter; total net profits also increased year on year and also showed a growth from the previous quarter.

Among the 25 listed companies of the Chemical fiber industry, 12 suffered losses in the first quarter, accounting for 48 percent, while 6 suffered losses in the second quarter, accounting for 24 percent from the overall listed companies.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Textiles | On 30th May 2017

ExxonMobil, SABIC sign deal for next phase of US project

Affiliates of Exxon Mobil Corporation and Saudi Basic Industries...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

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

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:
May 2017

May 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