Although polyester fibres capacity is still increasing in China driven by projects already planned, financed and committed, there are now indications of some shake-out as a result of demand growth not being as strong as expected by the polyester industry in China and elsewhere in Asia.
Based on the latest edition of the PCI Fibres Red Book, a list of the world’s top polyester fibre producers still includes 15 Chinese firms in the top 20. But among these there are three textile filament producers all based in Zhejiang – Kings Industry Group, Jiabao and ShiChuan – which have already reduced capacity this year.
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