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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra

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

Silvia Venturini Fendi
Fendi s.r.l

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


news category

Related Categories:
July 2017

July 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