Market Data & Pricing
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.
Fiber Year 2011: textile industry experiences largest growth in 25 years
May 17, 2011 – The world textile industry in 2010 has experienced the most potent growth in twenty-five years. Manufacturing volumes of natural and manmade fibers rocketed upwards by 8.6%, or 6.4 million tonnes, at 80.8 million tonnes. This corresponds to an average per capita consumption of 11.8 kg. Thus, an average annual fiber growth …