Home breadcru News breadcru Textile Market Trends breadcru Excessive capacity to prevail in chemical fiber sector

Excessive capacity to prevail in chemical fiber sector

30 Dec '06
2 min read

In the first half of 2006, the situation improved. The chemical fiber industry realized profits of 2.857 billion yuan, representing 51.5 percent over the same period last year.

Currently a clear trend of China's chemical fiber industry is production concentration in the market, especially in Jiangsu and Zhejiang regions.

The development of chemical fiber materials is slow, with big market gap. High or medium grade fabrics are dependent on imports. China must vigorously develop chemical fiber materials, reducing the dependence of imported fabrics. Only by taking these steps will China be expected to improve the efficiency of the national chemical fiber industry.

Fibre2fashion, News Desk - China

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