Analysis of the current situation of the hottest K

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Analysis of the current situation of Korean fiber industry

since the 1990s, global fiber producers have increased fiber production capacity. As a result of the excessive expansion in those years, these fiber manufacturers are forced to pay a heavy price today, especially for polyester staple fiber and man-made staple fiber. With excess production, falling prices, and shrinking demand, some enterprises in Europe and America were forced to withdraw from polyester fiber production, which is beneficial for users to master the skills of using instruments in time and give up this oversupply international market. Asian chemical fiber producers have also been hit hard, especially South Korea, which accounts for 12% of the global polyester fiber output. Famous Korean manufacturers such as KO HAP, tongkook, trading, SAE Han, KumKang, trading and daehatextiles are all spared. In this case, the company had to "tighten its belts" to survive the difficulties, and at the same time, it was determined to tighten the expansion of plant equipment. As a result of these reform measures, demand began to pick up in 1999 and supply also fell in the second half of 2000. Hyundan securities company predicted in a report on the polyester industry in South Korea published in February this year that the local market will break away from the situation of oversupply this year and begin to enter a period of profit recovery

hyundai made such an optimistic prediction based on three points: metal stretching and non-metal stretching experiments: first, South Korea's measures to limit output are expected to take effect in 2001, restoring the balance between supply and demand; Second, manufacturers with poor financial conditions have either merged or closed down. The reduction in the number of manufacturers will also help alleviate the problem of oversupply; Finally, Ji introduced Wang Shiwei's team to the global population expansion and the rise of people's income. The global demand for fiber, especially the demand for chemical fiber, will continue to rise steadily. In addition, after all, there is a certain limit to the production of natural fibers. Coupled with the rapid development of chemical technology, the quality of chemical fibers has become higher and higher, which is also one of the factors causing the rising demand for chemical fibers

of course, South Korean chemical fiber manufacturers have a clear understanding of the rapid changes in the market. Therefore, in the face of adversity, the industry is more active in introducing contingency measures to cope with the changes in the market. In order to find production space and occupy a place in the transformed new local market, Han kook synthetics, the largest PEF manufacturer in South Korea, is about to form a joint venture with Unifi, the leader in the fiber twisting industry in the United States. SAMYANG and skchemi CALS also disbanded their polyester fiber department and merged the Department of the two companies to provide lightweight solutions to meet these challenges into hanvis, which is a more competitive company in terms of technology and finance. Honeywell also reluctantly joined the tide of joint ventures and cooperated with skchemicals and samyangkohap. Toray Japan, the world's second largest producer of polyester film, cooperates with sachan's film department. However, when hyosungliving lndustrics and hyosang T & C's industrial polyester fiber business are merged, Hyosung will become the big brother of the local fiber industry. It is not only the world's second largest manufacturer of elastic man-made fibers, but also the main producer of PEF. Therefore, Hyosung is bound to become a new force in the fiber market. Samsung Petrochemical is currently the largest PTA manufacturer in South Korea, with an annual output of 1.4 million tons

although Korean manufacturers have repeatedly accused importing countries of dumping a large number of Korean made fibers, Korean manufacturers have become more competitive recently due to the depreciation of the Korean won. It is expected that South Korea will continue to be in this advantage in 2001. This means that in the foreseeable future, Korean fiber manufacturing and maintenance industry has a price advantage

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