Prospects of Global Polyester Industry: MEGlobal

13 Oct '08

2 min read

World economy under recession is cause of upheavals, and therefore the matter of concern for industries and commerce world over. The resultants viz vacillating economies (especially in USA), the higher energy costs, and currency fluctuations are generating negative effects on major industries.

The mix of geopolitical tensions, the demand trend and investments in the commodities markets are some of the major determinants in rise and fall of oil prices, thus making it a highly volatile sector which in turn affects Petrochemicals - the benefactor industry for downstream markets like Polyester.

Hence along with other derivative industries of petrochem, entire value chain in polyester also experiences tough time in such a milieu. In the backdrop of this situation, what all would be possible ramifications on Polyester sector? What future does this industry hold?..etc are the flaring inquisitions amongst the industry players today.

Being associated with the industry as a leading B2B textile portal and information provider website Fibre2fashion, through its Face2Face team, interviewed Mr Henry Roth, President & CEO, MEGlobal, who out of his vast experience, accrued know-how as well as expertise, comments on present and future of polyester market worldwide.

Headquartered in Dubai- UAE, MEGlobal is a leading player in Ethylene Glycol used as a basic raw material in polyester industry. The Company is a 50-50 Joint Venture between world renowned Dow Chemical Company and Petrochemical Industries Company of Kuwait (PIC).

Fibre2fashion News Desk - India

More MEGlobal News... More Textiles News - Global...