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Freezing winters boost demand for synthetic fibres

22
Jan '11
Taiwan's textile producers have recently intensified their production lines so as to meet the globally soaring demand for heavy winter apparels. This steep rise in demand is all because of the extremely freezing winter season.

Leading synthetic fibre manufacturing firms in Taiwan, including Zig Sheng Industrial Co., Lan Fa Textile Co., Shinkong Synthetic Fibers Corp. and Hong Yi Fiber Ind. Co. are all going to keep their production lines functional even during the forthcoming vacation on the occasion of the Chinese New Year from February 2 to February 7, so as to fulfil the mounting orders for nylon filament, textured polyester filament and nylon chips, in the first part of the current year.

Synthetic fibres are the key raw materials needed for production of water and wind resistant garments. A steep rise of 34.75 percent was recorded in the Zig Sheng's earnings for 2010 which grew to NT$17.284 billion that is US $557.55 million. This sharp rise was mainly because of the heavy rise in demand for three of its key products namely, nylon filament, nylon chips and polyester yarn. Also the company's earnings per share (EPS) too rose to reach a new 10 year high at NT$1.95 that is $0.063, during the same period.

Further, a rise was also registered in the Lan Fa's earnings for 2010 which grew by 51.1 percent to NT$3.36 billion that is $108.39 million, as over the 2009's earnings. This year too, this trend of upsurge in the demand and the revenues is likely to sustain.

Fibre2fashion News Desk - India


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