Home / Knowledge / News / Textiles / 'PTA demand will continue to be at high levels' – Mitsubishi
'PTA demand will continue to be at high levels' – Mitsubishi
03
Nov '09
The Indian subsidiary of the Japan based petrochemical giant, Mitsubishi Chemical Corp, MCC PTA India Corporation (MCPI), is planning to treble its income from the current Rs 16 billion to Rs 50 billion by 2010-2011.

This was revealed by the President of Mitsubishi Chemicals, Mr Kobayashi, while bringing on-stream, the second phase of the 800,000 tons per annum of PTA capacity in addition to the 470,000 tons per year which is already under existence at Haldia, West Bengal.

The second phase of the 800,000 tons per annum PTA plant, entailed an investment of US $400 million and is the company's largest single-line production capacity unit globally, with an output of 1.27 million tons of PTA per year.

The company's largest PTA production unit is in Korea of 1.7 million tons per annum, but it has four production lines. In addition it has PTA plants of 600,000 tons in China and 640,000 tons in Indonesia, with a combined global PTA capacity of 4.21 million tons.

Fibre2fashion spoke exclusively to an official spokesperson of Mitsubishi Chemicals in Japan and asked him the reasons for the increase in imports of PTA in India to which he said, “The reason for high imports is the shortage created, due to the delay in starting our new PTA plant in India and we expect Asian PTA demand will continue to be at high levels”.

Fibre2fashion News Desk - India


Must ReadView All

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MCPI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

The value of textile and garment exports from Pakistan increased by...

Courtesy: Photo by Daian Gan from Pexels

Apparel/Garments | On 23rd May 2018

Future Retail posts loss of ₹463.62 crore in Q4FY18

For the fourth quarter of 2018 ending on March 31, Kishore Biyani-...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

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

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...

Robert Brunner
Devereux

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search