Home / Knowledge / News / Textiles / Yuandong Chemical turnarounds sick PTA plant
Yuandong Chemical turnarounds sick PTA plant
Sep '10
Hualian Sanxin, was ranked number – 1 among Asian PTA production companies, till it went down under, overnight in 2008. Within 20 days, Yuandong Chemical Fiber Group took over the plant and injected 900 million Yuan to restructure Hualian Sanxin.

Hualian Sanxin collapsed in the financial crisis on September 30, 2008, due to a sudden funding problem. Yuandong Petrochemical has turned around the company and realized sales of 10.3 billion Yuan and net profits of 400 million Yuan, last year

It is learnt that more than 90 percent of production staff of Hualian Sanxin stayed on under the new management. Currently the three production lines are operating at 110 percent of designed load capacity and product inventory is practically zero.

The company has also launched an expansion drive which will expand the current PTA production capacity. In the first seven months of this year, the company achieved sales value of 8.4 billion Yuan and net profit of over 700 million Yuan.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Smita Murarka

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Giorgio Mantovani
Corman S.p.A

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

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

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search