Call for rational decisions on investment and overcapacity
By Geoff Fisher, European Editor
Europe’s manmade fiber industry leaders have called on their Chinese counterparts to base future investment decisions on rational economics and reduce senseless overcapacities, especially in polyester fibers.
Addressing the 54th Dornbirn Man-Made Fibers Congress held in Dornbirn, Austria, in September, Heinz Meierkord, president of CIRFS, the European Man-Made Fibres Association, described how Chinese overcapacity represented 25% of global polyester fiber capacity in 2015.
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