Home / Knowledge / News / Textiles / 6th China International Polyester & Intermediates Forum to be held in Oct

6th China International Polyester & Intermediates Forum to be held in Oct

11
Aug '09
In 2008 the financial crisis sent the world's economies into turmoil, hitting the global manufacturing industry particularly hard. The Chinese textile and apparel industry, heavily reliant on exports, did not escape unscathed. Industry giants, including Jiangxi Polyester Fiber, Jianglong Textile, Zhejiang Yuanzheng, Zhejiang Fengming, Zhejiang Zongheng and Hualian Sunshine, were all forced into bankruptcy or restructuring.

Venue & Date: 28 - 30 October 2009, Rainbow Hotel, Shanghai

In China, the polyester industry has been badly damaged by the tough economic times. The whole chain has suffered tremendous losses as prices have slumped. Under the heavy burden imposed by financial pressure and poor sales, many suppliers have had to cut operating rates. Demand from both overseas and domestic markets has shrunk considerably.

Up and down the polyester chain, petrochemical producers to textile manufacturers are looking for ways to come out from the shadow cast by the downturn. The Chinese government has taken many measures to try to revive this industry, including raising the reserve ratio and export rebate rates. At the same time, there are signs of recovery in the world financial system and crude oil prices have also risen off the bottom. All these positive factors represent opportunities; but how can the polyester industry successfully exploit these opportunities?

-Challenges go hand in hand with opportunities. Periods of financial crisis are changing the shape of the manufacturing industry. This can often reveal opportunities to improve management structures and to promote cooperation and innovation.

- The very success of the polyester industry has bred its own problems. A flurry of new paraxylene, PTA and MEG plants has threatened to upset the domestic demand/supply balance, intensifying competition to very challenging levels, in some cases. Will the new privately owned enterprises favour new ways of doing business that conflict with the more traditional price mechanisms in China? How long can industrial filament and PET bottle chip grade manufacturers expect to be able to maintain a successful industry?

What changes have taken place in the role of polyester fibres in the Chinese textile industry? Against the backdrop of a financial crisis of global proportions, where does the future lie for China's textile industry, and more specifically, what lies in store for the country's polyester industry?

This unprecedented and challenging market situation makes the Polyester and Intermediates Forum more crucial than ever as a tool to identify opportunities and expose challenges in our industry. Following on from five successful years, China Chemical & Fiber Economic Information Network (CCFEI) and Tecnon OrbiChem are jointly organizing the 6th China International Polyester & Intermediates Forum to be held on 28-30 Oct 2009 in Shanghai, China.

Tecnon OrbiChem Ltd


Must ReadView All

Indian cotton spinners’ performance likely to weaken: ICRA

Textiles | On 23rd Aug 2019

Indian cotton spinners’ performance likely to weaken: ICRA

The performance of Indian cotton spinners is likely to weaken in...

Pic: Ulster Carpets

Apparel/Garments | On 23rd Aug 2019

Irish Ulster Carpets, Mourne Textiles create new business

Two major textile companies in Northern Ireland-Ulster Carpets based...

Pic: Shutterstock

Textiles | On 23rd Aug 2019

Uttar Pradesh to develop textile park in Farrukhabad

The Uttar Pradesh government recently decided to set up a textile...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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 2019

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

news category


Related Categories:

Advanced Search