Production starts to make raw material for polyester

Related Keywords: biggest polyester producer, fiber-type chemicals manufacturer, petrochemicals, Purified terephthalic acid, raw material of the polyester

Turkey
Summary: 
The firm, which exports more than half of its production to 45 countries, mainly in Europe, completed the fiber plant, the first of two projects prepared with the Project-Based Incentive System, previously approved by President Recep Tayyip Erdoğan and published in the Official Gazette.

The firm, which exports more than half of its production to 45 countries, mainly in Europe, completed the fiber plant, the first of two projects prepared with the Project-Based Incentive System, previously approved by President Recep Tayyip Erdoğan and published in the Official Gazette.

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Agreement by IVL to purchase polyester staple fiber producer M&G Fibras Brasil

Related Keywords: cotton, high-quality fibers, polyester staple fiber producer, polyethylene terephthalate, polymerization, Purified terephthalic acid, spinning industry, Textile Industry

Brazil
Summary: 
Aloke Lohia, IVL group CEO said that, “Brazil, with its large spinning industry is a natural place for the textile industry to enjoy long-term growth due to its location and large population,” ,“We intend to support the local spinning industry with a commitment to supply high-quality fibers to blend with cotton and reduce dependence on imports.”

Aloke Lohia, IVL group CEO said that, “Brazil, with its large spinning industry is a natural place for the textile industry to enjoy long-term growth due to its location and large population,” ,“We intend to support the local spinning industry with a commitment to supply high-quality fibers to blend with cotton and reduce dependence on imports.”

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Synthetic textile raw materials getting costlier with rising crude oil price

Related Keywords: expected further increase in prices of raw materials, mono-ethylene glycol, polyester staple fibre prices, Purified terephthalic acid, risen by 10 percent, Rs 83 per kg, sharp increase in crude oil prices, short term, Synthetic textile manufactures, two to five percent over past month, witnessing raw materials getting costilier

Mumbai
Synthetic textile raw materials getting costlier with rising crude oil price
Summary: 
Synthetic textile manufactures are witnessing raw materials getting costilier by two to five percent over the past month due to a sharp increase in crude oil prices. IT is expected a further increase in prices of raw materials in the short term. Due to an increase in crude oil prices, polyester staple fibre prices have risen by 10 percent over the past two months to Rs 82 a kg.

Synthetic textile manufactures are witnessing raw materials getting costilier by two to five percent over the past month due to a sharp increase in crude oil prices. IT is expected a further increase in prices of raw materials in the short term. Due to an increase in crude oil prices, polyester staple fibre prices have risen by 10 percent over the past two months to Rs 82 a kg.

http://www.business-standard.com/article/markets/rising-crude-oil-price-drives-up-cost-of-synthetic-textile-raw-materials-117110701289_1.html
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IVL completes its PTA capacity expansion at Rotterdam facility

Related Keywords: bring cost synergies to the site, Indorama Ventures Public Company Limited, leading petrochemical producers, location allows access to whole of Europe, low cost proven technology, PTA plant, Purified terephthalic acid, Rotterdam facility, successfully completed capacity expansion, total PTA capacity of seven lakh tonnes per annum

Thailand
IVL completes its PTA capacity expansion at Rotterdam facility
Summary: 
Indorama Ventures Public Company Limited, one of the leading petrochemical producers, has successfully completed capacity expansionn of its Purified Terephthalic Acid (PTA) plant, resulting in the total PTA capacity of 700,000 tonnes per annum at Rotterdam.

Indorama Ventures Public Company Limited, one of the leading petrochemical producers, has successfully completed capacity expansionn of its Purified Terephthalic Acid (PTA) plant, resulting in the total PTA capacity of 700,000 tonnes per annum at Rotterdam.

Aloke Lohia Group CEO of Indorama Ventures said that with this low cost proven technology and nearly double the PTA production capacity, the expansion will bring cost synergies to the site. The Rotterdam facility is well positioned to support the continued growth as its location allows access to the whole of Europe.

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Growing trends of polyester to influence demand for paraxylene

Related Keywords: araxylene is employed as feedstock for manufacturing dimethyl terephthalate, Asia pacific, attributed to the growing global trends of polyester, Demand for Paraxylene, global paraxylene market, growth can be attributed to growing demand for textile applications, Purified terephthalic acid, rising need for polyethylene terephthalate

New York
Growing trends of polyester to influence demand for paraxylene
Summary: 
The demand for Paraxylene in the global paraxylene market is being attributed to the growing global trends of polyester. This growth can be attributed to the growing demand for textile applications and the rising need for polyethylene terephthalate (PET) in Asia Pacific.

The demand for Paraxylene in the global paraxylene market is being attributed to the growing global trends of polyester. This growth can be attributed to the growing demand for textile applications and the rising need for polyethylene terephthalate (PET) in Asia Pacific.

http://www.digitaljournal.com/pr/3307632#ixzz4eI46cAFq
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Anti-dumping duty on PTA to crush MMF sector of Surat

Related Keywords: adversely affected by anti dumping duty on PTA, benefit giant industries monopolize yarn manufacturing business, Finance ministry of India decision to impose definitive anti dumping duty, high import duty will prevent small spinners in Surat, iporting PTA, main raw material, manufacturing of yarn, MMF hub, Purified terephthalic acid, Surat

Surat
Anti-dumping duty on PTA to crush MMF sector of Surat
Summary: 
Surat, India's largest man-made fabric (MMF) hub to be adversely affected by the decision of Government of India's finance ministry to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.

Surat, India's largest man-made fabric (MMF) hub to be adversely affected by the decision of Government of India's finance ministry to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.

As per the government notification, the PTA imports from China, Iran, Taiwan, Indonesia and Malaysia will attract duty ranging from $85.67 per tonne to $168.76 per tonne. The high import duty will prevent small spinners in Surat and other places in the country from importing PTA, main raw material for manufacturing of yarn.

http://timesofindia.indiatimes.com/city/surat/Anti-dumping-duty-to-hit-MMF-sector/articleshow/53580837.cms
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India imposes import restrictive tax on PTA for 5 years

Related Keywords: CBEC, chemical being dumped into India, DGAD, duties imposed under multi-lateral WTO regime, imports of the chemical from the five countries, imposed import restrictive tax, Indian revenue department, on chemicals used in textile industry, Purified terephthalic acid, to protect domestic manufacturers, unjustified increase in cost of products

Mumbai
India imposes import restrictive tax on PTA  for 5 years
Summary: 
The Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), has imposed import restrictive tax on chemicals (Purified Terephthalic Acid) used in textile industry for five years, said a notification of Central Board of Excise and Customs (CBEC).

The Revenue Department on recommendations of the Directorate General of Anti-Dumping and Allied Duties (DGAD), has imposed import restrictive tax on chemicals (Purified Terephthalic Acid) used in textile industry for five years, said a notification of Central Board of Excise and Customs (CBEC).

The imports of the chemical from the five countries (China, Iran, Indonesia, Malaysia and Taiwan) will attract anti-dumping duty in the range of USD 83.08 per tonne to USD 168.76 per tone, to protect domestic manufacturers.

http://www.moneycontrol.com/news/economy/govt-slaps-anti-dumping-dutychemical5-countries_7007501.html
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India open doors to Chinese and EU’s PTA, drops anti-dumping probe

Related Keywords: PTA, PTA import from China, PTA import from Europe, PTA import from south korea, PTA import from Thailand, Purified terephthalic acid

Mumbai
India open doors to Chinese and EU’s PTA, drops anti-dumping probe
Summary: 
India has dropped anti-dumping investigation against China and the European Union for import of purified terephthalic acid, thus opening up doors for non restricted import. Shipments of purified terephthalic acid from China to India have resumed following the

India has dropped anti-dumping investigation against China and the European Union for import of purified terephthalic acid, thus opening up doors for non restricted import. Shipments of purified terephthalic acid from China to India have resumed following the revocation. It is learnt that about 25,000-30,000 ton of purified terephthalic acid has been booked from China for April heading towards India, an Indian trade source said in mid April.

yarnsandfibers.com
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Reduction in excise duty on all manmade fibre suggest CITI

Related Keywords: CITI, excise duty, increase in demand, manmade fibre, MEG, mono ethylene glycol, per capita consumption, PTA, Purified terephthalic acid, synthetic fibre, Textile Industry

Mumbai
Reduction in excise duty on all manmade fibre suggest CITI
Summary: 
Globally, manmade fibre accounts for 70 percent of the fibre consumption while in India; it is less than 30 percent. The Indian textile industry to boost use of synthetic fibre want reduction in excise duty on all manmade fibre and filament from the existing 12 percent to 6 percent. As reduction in excise duty in manmade fibre will lead to increase in demand.

Globally, manmade fibre accounts for 70 percent of the fibre consumption while in India; it is less than 30 percent. The Indian textile industry to boost use of synthetic fibre want reduction in excise duty on all manmade fibre and filament from the existing 12 percent to 6 percent. As reduction in excise duty in manmade fibre will lead to increase in demand.

http://www.thehindu.com/business/Industry/textile-units-seek-excise-duty-cut-on-synthetic-fibre/article6865987.ece
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Anti-dumping duty on PTA leading to price rise, Indian polyester producers upset

Related Keywords: anti-dumping duty, Indo Rama Synthetics, Mitsubishi Chemical, polyester fiber and yarn, polyester producers, PSF manufacturers, PTA, PTA User Association, Purified terephthalic acid, raw material, RIL

New Delhi
Anti-dumping duty on PTA leading to price rise, Indian polyester producers upset
Summary: 
The decision of purified terephthalic acid (PTA) producers like Reliance Industries Ltd (RIL) and Mitsubishi Chemical to increase prices by a steep Rs 2,100 a tonne from August 1 - just a week after the new government imposed anti-dumping duty on the product despite stiff opposition from the user lobby have added yet another chapter to their long-drawn battle.

The decision of purified terephthalic acid (PTA) producers like Reliance Industries Ltd (RIL) and Mitsubishi Chemical to increase prices by a steep Rs 2,100 a tonne from August 1 - just a week after the new government imposed anti-dumping duty on the product despite stiff opposition from the user lobby have added yet another chapter to their long-drawn battle.

http://www.business-standard.com/article/companies/pta-users-raise-a-stink-over-steep-price-hike-114102700020_1.html
PTA
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