26 September 2004 16:49 [Source: ICIS news]
MONTE CARLO, Monaco (CNI)--Taiwan-based China Petrochemical Development Corp (CPDC) said here Sunday it plans to expand its acrylonitrile (ACN) market share elsewhere in Asia as its share of mainland China business has stabilised amid strong competition.
David Chao, commercial sales manager for Taipei-based CPDC, told CNI today that while his firm’s ACN sales into the mainland have increased 10-15% each year since 2000, the company’s volumes this year have levelled off.
“There is new capacity coming online,” Chao noted, “and competition for ?xml:namespace>
“But we expect to maintain our market share in
But while working to maintain its position in the mainland ACN market, CPDC plans to gain market share elsewhere in
“There is a lot of potential in those markets,” Chao said. “Demand in each country is already strong, and there is not enough capacity in those countries."
Chao spoke with CNI on the sidelines of the 38th annual meeting of the European Petrochemical Association (EPCA). The conference runs through Tuesday (29 September).
CNI EPCA newsroom: Suite Naiades C, Grand Hotel; Tel. + 377-9315-1070/71
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