Home / Knowledge / News / Textiles / Investment in chemical fiber fixed assets, rebounds

Investment in chemical fiber fixed assets, rebounds

Mar '07
The third council meeting of the Chinese chemical fiber associations was held, recently in Tongxiang, Zhejiang. During the meet, the President of China Chemical Fiber Industry Association, Zheng Zhiyi said, the growth rate of investment in fixed assets of the sector rebounded in the past two years.

Statistics show that the investment growth-rate in 2004 was as high as 44.1 percent. But it dropped two percent in 2005, increased three percent in the first quarter of 2006, and 3.2 percent in January-May 2006. In January-June 2006, the growth rate speeded up to 18.1 percent, bounced back to 23 percent by October and soared as high as 33.8 percent by November. Though, by December the growth rate reduced by 10.9 percent, it was still as high as 22.9 percent.

From the industrial sectors, man-made fiber industry performed well. It actually completed an investment of 5.77 billion yuan in 2006, up 10.2 percent, with 49 new projects, less 24 projects than the corresponding period of the previous year.

Growth rate of investment in fixed assets of synthetic fiber industry was faster, it actually completed an investment of 15.63 billion yuan, up 28.4 percent, accounting for 73.1 percent of the total investment of chemical fiber industry, with 169 new projects, increasing 30 items over the same period of the previous year.

This rapid recovery in investment is expected to bring a huge impact on the operation of industry, especially after this year.

Fibre2fashion, News Desk - China

Must ReadView All


E-commerce | On 19th Sep 2021

Switzerland commits $4.4 mn for UNCTAD’s e-com, digital economy work

Switzerland recently announced a contribution of $4.4 million to the...

Pic: Shutterstock/humphery

Textiles | On 18th Sep 2021

China wants to join CPTPP; Japan to consult members to respond to bid

Chinese commerce minister Wang Wentao recently submitted an...

Pic: Shutterstock

Textiles | On 18th Sep 2021

Eurozone GDP recovers quicker than expected after lockdowns: EU report

The eurozone economy recovered more rapidly than considered earlier...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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


Leave your Comments

September 2021

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

Advanced Search