Home / Knowledge / News / Textiles / Chemical fibre sector eliminates huge backward capacity

Chemical fibre sector eliminates huge backward capacity

24
Feb '10
As per details emanating from an economic forum of the textile industry recently held by China Textile Industry Association, China's chemical fiber industry totally eliminated 1.37 million tons of backward production capacity in 2009.

In 2009, China's chemical fiber industry sped up structural adjustment, positively changed its growth mode, and promoted the industry's technological advances and equipment upgrades under powerful market control.

At the same time, new equipment, new technology, low energy consumption, capacity-intensive industry also created conditions to help the industry get out of the woods and lows.

The chemical fiber industry overcame the unfavorable factors brought about by the financial crisis and went out of the lows in 2009. The chemical fiber industry realized an industrial output value of 354.37 billion Yuan from January to November.

Its main business income registered 344.73 billion Yuan, an increase of 2.37 percent year on year, the growth rate of industrial added value fetched 10.6 percent and the industry achieved economic benefits significantly in 2009.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 31st Mar 2020

UN calls for $2.5-trn rescue package for developing world

The COVID-19 pandemic will drive the world economy into recession...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Bangladesh seeks $1 bn from IMF, WB to face COVID-19

Bangladesh has recently sought $1 billion in support from the...

Pic: Shutterstock

Textiles | On 31st Mar 2020

Cambodia to explore FTA with EAEU with Russian help

Cambodian deputy prime minister Hor Namhong recently met Russian...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Textile industry, Head honchos

Textile industry
Head honchos

GenNext is slowly but surely adapting to global trends and practices

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

N Nithyanandan,

N Nithyanandan

Incorporated in 1999, Purani Textiless Private Limited is one of the...

Ken Butts,

Ken Butts

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

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


March 2020

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


Advanced Search