Home / Knowledge / News / Textiles / Teijin & Showa Shell Sekiyu to launch Paraxylene sales JV
Teijin & Showa Shell Sekiyu to launch Paraxylene sales JV
05
Feb '08
Teijin Fibers Limited and Showa Shell Sekiyu K.K. announced today their agreement to establish a joint-venture company to sell paraxylene products.

The new JV will leverage the partners' mutual strengths for the stable supply and procurement of mixed xylene, thereby enabling Teijin Fibers to improve earnings from its polyester business and Showa Shell Sekiyu to expand its petrochemical business.

Other opportunities for collaboration are also being explored.

Background and purpose
1. Supported by strong demand for polyester in Asia, global demand is also steadily increasing for materials in the polyester production chain, including naphtha, mixed xylene, paraxylene and terephthalic acid.
2. Market demand for paraxylene, particularly in Asia, is especially strong. In Japan, about 3.36 million tons were manufactured in fiscal 2006, and domestic consumption came to 1.07 million tons.
3. Teijin Fibers produces 290,000 tons of paraxylene annually at its Matsuyama factory. It is used as a polyester raw material in the Teijin Group, and is also sold outside the group.
4. Showa Shell Sekiyu group produces mixed xylene and sells it mainly to paraxylene manufacturers, including Teijin Fibers.
5. The JV will provide Showa Shell Sekiyu with a stable demand for mixed xylene, and enable it to enter into the petrochemical field. For Teijin Fibers, the JV will secure a stable supply of mixed xylene and ensure the stable production of paraxylene, thereby helping to enhance the competitiveness of polyester business in the Teijin Group.


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mr Ambrose Chan
DSG International (Thailand) PLC

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search