Ĭhina re-PET market development and production costs. Spandex industry witnesses recovering prosperity in 2023. cotton, corn and soybean planting cost change trend. New features and challenges of China's polyester. Japanese Fashion Retailer Uniqlo to Debut in Luxembourg innovator to create 1st collection made fromĪutoliv to open new textile operation in Vietnam
#Apg polytech trial#
Huafon's 100kt/year spandex plant has trial operation Rongsheng sees increasing operating income and falling profit in Q1 Gap to lay off 1,800 workers as part of broad push to cut costs Polish fashion retailer LPP cuts costs, focuses on value brands Lenzing speeds up energy transition at its site in Heiligenkreuz Tayho New Material faces falling operating income and profit in Q1 Huafon releases operation report for 2022 and Q1 2023 CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. The green bond initiative, promoted by the local capital market, is aimed at showing corporate responsibility with regard to environmental protection, with the proceeds going toward funding environmentally friendly projects. To boost its support for a greener environment, Far Eastern New Century issued NT$3 billion (US$95.24 million) in green bonds on the over-the-counter (OTC) market in January 2018, making it the first local private manufacturer to sell such bonds on the local market. green recycling process market and eyes a partnership with multinational beverage brands and consumer product suppliers in the future. The company added that the investment in Phoenix Technologies targets growing demand in the U.S. The firm said it will integrate Phoenix Technologies with the plant in West Virginia acquired earlier this year, to enhance synergistic effects. In early 2018, Far Eastern New Century acquired a production base in West Virginia and a research and development hub in Ohio from U.S.-based M&G, one of the world's largest PET producers.Īt the end of 2018, Far Eastern Century teamed up with two partners to acquire a plant located in Corpus Christi, Texas with an annual capacity of 1.1 million tons of PET and 1.3 million tons of pure terephthalic acid. A., it spent US$10 million to acquire Phoenix Technologies International LLC, located in Ohio.Īccording to Far Eastern New Century, Phoenix Technologies uses its annual production capacity of recycled PET to manufacture bottles and packaging materials, adding that the acquisition shows the Taiwanese firm's determination to boost its environment friendly credentials and enhance corporate sustainability.Ĭurrently, Far Eastern New Century is the second largest green recycling process company in the world, after it engaged in recycling in 1988 and then used the recycled materials to develop textile items at production sites in Taiwan, Japan and the U.S.Īfter the acquisition of Phoenix Technologies, the Taiwanese textile firm has now established three operational hubs in the U.S. In a Monday posting on the Taiwan Stock Exchange, where Far Eastern New Century is listed, the company said through its subsidiary APG Polytech U.S. Taipei, June 4 (CNA) Far Eastern New Century Corp., one of the leading textile suppliers in Taiwan, has acquired a recycled polyethylene terephthalate (PET) firm in the United States as part of its expansion into polyester recycling development.
0 kommentar(er)
