09 July 2001 00:00 [Source: ACN]
The 3000 tonne/month (36 000 tonne/ year) line will be modified to produce 200 000 tonne/year of PET bottle-grade resin. The project will start up in 2002.
Shinkong will still have a PSF capacity of 7000 tonne/month after the conversion project is completed.
Other polyester producers contacted by ACN said they have no plans to follow Shinkong though they admitted polyester markets have been languishing.
These producers are in the process of bringing onstream by this year PET bottle-grade resin capacities in China and Taiwan, as originally planned.
Yizheng Chemical Fibre is bringing onstream an additional 100 000 tonne/year PET bottle-grade resin capacity at its existing 65 000 tonne/year plant.
Far Eastern Textile is expanding its plant in Shanghai, China, from 130 000 tonne/year to 250 000 tonne/year.
Nan Ya Plastics is building a second PET bottle-grade resin line which will bring its total capacity to 13 500 tonne/year in Taiwan.
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