Home / Knowledge / News / Textiles / Chemical fibre sector surges in Q2
Chemical fibre sector surges in Q2
09
Sep '09
China's chemical fiber industry increased both in price and trade volume in the first half of this year. China's chemical fiber industry totally produced 12.88 million tons of chemical fibers in the first half, an increase of 10.57 percent year on year.

Chemical fiber production in the second quarter of 2009 increased by 24.48 percent compared with the previous quarter, indicating an improvement in demand for chemical fiber industry in the second quarter.

Since 2009, prices of viscose and other chemical fibers have rebounded to some extent, since the steep fall in prices in the fourth quarter of 2008, creating immense losses for fiber manufacturers.

The overall losses of listed companies displayed a declining trend in the second quarter, when compared with the previous quarter. 25 listed companies of the chemical fiber industry realized total operating incomes of 137.1 billion Yuan in the first half of 2009, down 10.60 percent year on year, net profits of 441 million Yuan, down 24.69 percent year on year.

Taking only the second quarter into account, their total revenues reduced 17.34 percent year on year, but increased 29.82 percent from the previous quarter; total net profits also increased year on year and also showed a growth from the previous quarter.

Among the 25 listed companies of the Chemical fiber industry, 12 suffered losses in the first quarter, accounting for 48 percent, while 6 suffered losses in the second quarter, accounting for 24 percent from the overall listed companies.

Fibre2fashion News Desk - China


Must ReadView All

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

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

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


October 2018

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

news category


Related Categories:

Advanced Search