Taiwan: Far Eastern Textile Expanding Investments in China
Posted on: Sunday, 14 August 2005, 03:01 CDT
Far Eastern Textile Ltd. has disclosed a new investment strategy in which all future projects for adding new capacities and increasing current capacities are to concentrate on China.
According to the company, US$100 million will be invested in 2006 and 2007 for building a 110,000-ton/year plant for industrial applications in Suzhou. In order to increase its polyester polymerization capacity this year, US$15 million is being spent to enlarge the capacity of its plant in Taiwan from 800,000 to 900,000 ton/year, and the plant in China from 400,000 to 750,000 tons. When this project is completed, its polymerization capacities in Taiwan and China together will increase to 1,650,000 tons, and rival Yizheng Chemical Fibre, which has the largest polymerization capacity in China.
In addition, the company is expanding its business in nonapparel applications, such as synthetic yarn for industrial applications, packaging materials and beer PET bottles. A company official says, "In Europe, more than 30% of PET bottles are used for beer, but there is no such use in Taiwan or China. Since it is estimated that China consumes more than 30 million tons of beer each year, the potential demand is incredibly great."
Copyright Osaka Senken Ltd. Jul 2005
Source: Asian Textile Business
Related Articles
- Iraq Signs $8 Billion Deals With Siemens and GE for 10,000 Megawatts of Power Generation Capacity, an Industrial Info News Alert
- Green Machines: Worldwide Solar Manufacturing Capacity, Production, and Capacity Utilization Market Shares, Forecasts, and Strategies, 2008-2014
- China Begins Damming River for Second Largest Hydropower Plant Project
- NRG Energy Submits Application for New 2,700 Megawatt Nuclear Plant in South Texas
- China's Three Oil Giants Produce 174 Mln Tons of Crude Oil in 2005
- China to Enhance Rail Freight Transport Capacity By 16.7 Percent
- China to Begin Constructing Its Biggest Nuclear Power Plant Next Year
- China to Increase Nuke Power Generating Capacity to 40 Mln Kw By 2020
- China to Increase Nuclear Power Generating Capacity
- China's Steel Output to Reach 330 Million Tons This Year
 |
 |
User Comments (0)
RSS Feeds