Home / Knowledge / News / Textiles / Despite Kuokuang, expansion plans of other projects to be on stream
Despite Kuokuang, expansion plans of other projects to be on stream
03
May '11
Several southern Taiwan based downstream petrochemical firms are still positively looking forward to capacity expansion, with a total investment of around NT$30 billion. This is despite termination of Kuokuang petrochemical project.

Grand Pacific Petrochemical, China Man-Made Fiber, Taiwan Styrene Monomer, Asia Polymer and Oriental Union Chemical are all amongst the firms eager to expand their capacities. If they manage to obtain materials supply from CPC Taiwan, these firms are likely to start their new plants by 2013.

The firms are likely to obtain inputs for their new expanded facilities from CPC Taiwan's sixth naphtha cracker.

The sixth naphtha cracker which came up with an investment of NT$46.9 billion, houses a production capacity of 800,000 metric tons of ethylene per annum, which is 500,000 metric tons above the third naphtha cracker's capacity of 230,000 metric tons.

The firms propose to test run the new expanded facilities during second part of 2012, and to officially inaugurate the same in 2013.

A majority of these firms do not hold any investments in Kuokuang Petrochemical Technology Co., Ltd., and hence termination of the Kuokuang project would not have any bearing on them. Rather, they have been much relieved by termination of the project, as competition has reduced. Like for instance, Asia Polymer has accelerated the process of setting up an EVA plant with capacity of 120,000 metric tons per annum.

A CPC Taiwan official confirmed that, the downstream petrochemical firms have recently requested CPC to reconfirm their earlier promise of enhancing ethylene supply in future, so that they can proceed with their expansion plans.

Editor's note –
It is pertinent to note here that, despite the setback to the Kuokuang petrochemical project, other petrochemical projects have not backed out from their commitments, which bodes well for the Taiwanese and also the Asian petrochemical sector.

Fibre2fashion News Desk

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

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