Unifi and Nan Ya file petitions with the Commerce Department and the U.S. International Trade Commission

Related Keywords: antidumping, bulk, duties, Imports, International Trade Commission, moisture absorption, multifilament yarn, Nan Ya Plastics Corporation, polyester, polyester textured yarn, synthetic yarn, Unifi manufacturing

United States
Unifi and Nan Ya file petitions with the Commerce Department and the U.S. Inter
Summary: 
Today, two major U.S. synthetic yarn producers – Unifi Manufacturing, Inc. ("Unifi") and Nan Ya Plastics Corporation, America ("Nan Ya") – filed a "critical circumstances" allegation regarding imports of polyester textured yarn from China in an ongoing trade remedy investigation. The critical circumstances claim charges that imports of the yarn surged into the United States in order to avoid

Today, two major U.S. synthetic yarn producers – Unifi Manufacturing, Inc. ("Unifi") and Nan Ya Plastics Corporation, America ("Nan Ya") – filed a "critical circumstances" allegation regarding imports of polyester textured yarn from China in an ongoing trade remedy investigation. The critical circumstances claim charges that imports of the yarn surged into the United States in order to avoid the imposition of duties. If the allegation is proven, importers could face significant duty liabilities.

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Rupees 800 million plan turns PET bottle flakes into polyester yarn

Related Keywords: 10 recycled PET bottles, apparel industry, BPPL Holdings Ltd, cotton-based apparels to polyester, Eco Spindles, fabric mills, fabric plants, Horana Export Processing Zone, PET bottle collection, PET waste, polyester yarn, polyester yarn production, polymerization, recycled yarn, synthetic brush filaments, synthetic filament extrusion, synthetic yarn, virgin PET imports, yarn production plant

Sri Lanka
Summary: 
The BPPL looks forward to the diversification of its business lines into synthetic filament extrusion for other brush manufacturing and polyester yarn production for fabric mills for both local and export markets would become dominant contributors to group’s financials over the medium term.

The BPPL looks forward to the diversification of its business lines into synthetic filament extrusion for other brush manufacturing and polyester yarn production for fabric mills for both local and export markets would become dominant contributors to group’s financials over the medium term.

http://www.dailymirror.lk/article/BPPL-opens-Sri-Lanka-s-first-ever-polyester-yarn-factory-152850.html
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India's synthetic yarn industry suffers due to rising crude oil price

Related Keywords: acetone, benzene, crude oil, Naphtha, petrochemicals, phenols, polymers, purified terephthalic acid (PTA) and mono-ethylene glycol (MEG), solvents, spinning, synthetic yarn, textile hub, The Synthetic & Rayon Textiles Export Promotion Council, the synthetic yarn value chain, weaving

Ahmedabad
Summary: 
Narain Aggarwal, chairman, The Synthetic & Rayon Textiles Export Promotion Council said that, synthetic yarn export has grown in 2017-18, by about five per cent. However, say observers, this is only due to a rise in global demand while China cut production. "The industry as such has not done anything substantial to see export grow. We are globally uncompetitive in terms of prices, compared to China, Korea, Thailand, Taiwan, Indonesia and Malaysia.” He added that as the share of domestic sales in synthetic yarn is substantially more than export, the industry has much less of the benefit from a falling rupee. The impact is even more in the textile hub of Surat, where capacity utilisation has fallen below 60 per cent.

Narain Aggarwal, chairman, The Synthetic & Rayon Textiles Export Promotion Council said that, synthetic yarn export has grown in 2017-18, by about five per cent. However, say observers, this is only due to a rise in global demand while China cut production. "The industry as such has not done anything substantial to see export grow.

http://www.business-standard.com/article/markets/rising-crude-oil-price-hits-india-s-synthetic-yarn-industry-118052600038_1.html
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Export potential for Indian synthetic yarn industry sees sharp decline again

Related Keywords: bleak outlook, Bombay yarn Traders association, decline in world buying capacity for textile, domestic production, dwindling Chinese economy, export potential, Indian textile industry, Indo Rama Synthetics, market crash in China, MEG, multi-year lows, price of raw material, PTA, sharp decline, synthetic yarn, texturised yarn

Mumbai
Export potential for Indian synthetic yarn industry sees sharp decline again
Summary: 
Export potential for synthetic yarn in the Indian industry is seeing a sharp decline again with the dwindling Chinese economy. The recent market crash in China has a lot to do with bleak outlook of domestic production in almost all sectors including textiles. Units in China have been cutting down production due to decline in the world's buying capacity for textiles. This has resulted in synthetic yarn exports, especially texturised yarn falling steeply, said Jayesh Pathak of Bombay Yarn Traders Association.

Export potential for synthetic yarn in the Indian industry is seeing a sharp decline again with the dwindling Chinese economy. The recent market crash in China has a lot to do with bleak outlook of domestic production in almost all sectors including textiles. Units in China have been cutting down production due to decline in the world's buying capacity for textiles. This has resulted in synthetic yarn exports, especially texturised yarn falling steeply, said Jayesh Pathak of Bombay Yarn Traders Association.

http://www.business-standard.com/article/companies/indian-synthetic-yarn-industry-reels-under-chinese-gloom-115070900800_1.html
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Fall in crude oil price impact synthetic yarn makers

Related Keywords: Bombay Yarn Merchants Association, crude oil, domestic synthetic yarn maker, Makarand Appalwar, Monoethylene Glycol, PTA, synthetic yarn, Textile mills

Ahmedabad
Fall in crude oil price impact synthetic yarn makers
Summary: 
Domestic synthetic yarn makers forced to reduce prices, thereby incurring loss over the inventory with continual fall in prices of crude oil and key polyester yarn raw materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA).

Domestic synthetic yarn makers forced to reduce prices, thereby incurring loss over the inventory with continual fall in prices of crude oil and key polyester yarn raw materials such as monoethylene glycol (MEG) and purified terephthalic acid (PTA).

http://www.business-standard.com/article/current-affairs/synthetic-yarn-makers-face-loss-amid-falling-crude-oil-prices-114122300298_1.html
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Rise in polyester raw material prices impact margins of yarn makers in India

Related Keywords: crude oil price, Indian yarn makers, MEG, polyester raw material, PTA, Reliance Industries Limited, rise in raw material price, South Gujarat Textile Processors Association, synthetic yarn, yarn price

Ahmedabad
Rise in polyester raw material prices impact margins of yarn makers in India
Summary: 
The two key raw materials Purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) used in making synthetic yarn although have remained low globally but in India the same have risen by Rs 10-15 per kg in recent past and have remained at high levels putting Indian yarn makers' margins under pressure.

The two key raw materials Purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) used in making synthetic yarn although have remained low globally but in India the same have risen by Rs 10-15 per kg in recent past and have remained at high levels putting Indian yarn makers' margins under pressure.

http://www.business-standard.com/article/markets/synthetic-textile-makers-continue-to-reel-under-high-polyester-raw-material-prices-114121400590_1.html
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