Jilin Fibre plans AF shutdown on sluggish demand

23 September 2008 05:39  [Source: ICIS news]

SHANGHAI (ICIS news) --- China-based Jilin Chemical Fibre Group plans to shut both of its acrylic fibre (AF) plants with a combined capacity of 236,000 tonnes/year on 25 September for one month due to poor margins, said a company source on Tuesday.

 

Jilin Chemical Fibre subsidiaries Jimeng AF and Qifeng Fibre operate the 100,000 tonnes/year and 136,000 tonnes/year plants respectively.

 

“We have to shut our two AF plants due to the continued sluggishness in the textile industry. The weak downstream demand has already forced us to cut operating rates a few times in the last two months,” the source said.

 

The two subsidiaries are all located in the north-eastern Jilin city.

 

For more on AF visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect 

By: Dolly Wu
+65 6780 4359

< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 4 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly