Home / Knowledge / News / Textiles / China on path to achieving PTA self-sufficiency
China on path to achieving PTA self-sufficiency
21
Dec '09
China's PTA production capacity surpassed South Korea, Taiwan and the United States by the end of 2005, to become the world's No. 1 producer of PTA. China's PTA production capacity has maintained rapid growth since then. Against a production of 5.895 million PTA capacity in 2005, total production capacity reached 8.8 million tons in 2006.

With the beginning of operations of a 900,000 tons plant in Zhuhai and 800,000 tons of a plant set up by Ningbo (Taiwan) in 2008, China's PTA production capacity touched 12.20 million tons. By the end of 2008, China's PTA production capacity accounted for a quarter of the world total capacity and one-third of Asian capacity.

Since entering 2009, the State has initiated several PTA projects, which includes 600,000 tons per year PTA plant in Shishi, Fujian, 600,000 tons per year unit of Hanbag in Jiangyin, Jiangsu and 600,000 tons per annum PTA plant in Fuling, Chongqing. In addition the state has also granted permission for 1.5 million tons additional capacity of Dahua Petrochemical in Yishen and 900,000 tons of new capacity in Chongqing.

China's status as a big PTA-producing country cannot be now underestimated, which has also increased China's PTA pricing. PTA futures markets are becoming increasingly active and the influence of futures prices on spot market is gradually expanding and also lead to a dependence on imports of the key raw material.

In January to October of 2009, China's total imports of PTA reached 4.1526 million tons, an increase of only 47,900 tons, above the 4.1047 million tons imported in the same period of 2008, an increase of only 1.17 percent.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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...

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