Polyester: The global crisis of excess appears

In today's global economy, the situation remains challenging. Despite the Chinese government's implementation of various economic stimulus measures, the overall market still struggles to stabilize. However, even in this difficult environment, global polyester fiber production has continued to grow by approximately 2% to 6% compared to the same period last year. According to a recent report from PCI Consultants Group, China’s polyester fiber output has increased by over 1%, while downstream demand has only risen by less than 1%. This growing imbalance is also evident in Europe, where textile companies are facing similar pressures. For instance, Dior Company, a German manufacturer of polyester industrial yarn, recently announced that it would cut its workforce by 30% and merge with high-strength polyamide yarn and polymer manufacturers at Fort-Ober. High-performance chemical fiber firms have also taken drastic steps, including restructuring German operations by July, shutting down factories by the end of the year, and temporarily closing outdated facilities in Bad Heilbrunn. In Slovakia, Slovensky Hodvab shut down its textile filament business, and in Turkey, companies like SIFAS, Sonmez Filament Textile, and Troprak have also ceased operations. Meanwhile, in Germany and Poland, some short silk polyester textile enterprises are being acquired by private investors. In Japan, Teijin announced the closure of its Polyester Filament yarn production at Matsuyama, which had been operating since 1958. Some of its facilities will be merged with Teijin plants in Thailand and Japan. Additionally, Teijin has decided to divest 50% of its polylactic acid production and stop monofilament manufacturing in South Carolina, USA, as well as close its Niasai Dyestuff Factory in Japan. Although North American polyester producers haven’t faced widespread factory closures, their supply chains are under significant strain. In the first half of 2009, exports of domestic monofilaments dropped by 19.3% for long filaments and 28.8% for short filaments compared to 2008. Among these, only carpet-related products made from deformed filaments remained relatively strong. According to a 2009 survey conducted by the Chinese Entrepreneur Survey System, overcapacity is a serious issue across several industries, including textiles, papermaking, chemical fibers, non-metallic materials, and steel. The survey found that more than 60% (63.4%) of business operators believe their industries suffer from overcapacity, with 44.8% describing it as “some surplus,” 18.6% as “serious surplus,” and 27.5% as “normal.” Only a small percentage considered the situation to be insufficient or lacking. Notably, over 70% of respondents in the textile and chemical fiber sectors reported “excessive” or “significant” overcapacity, with about 30% labeling it as “seriously excessive.” This trend highlights the ongoing challenges in the global textile and chemical fiber industries, driven by declining demand and rising production capacity. Companies are forced to restructure, consolidate, or exit the market, signaling a difficult but necessary phase of industry adjustment.

Hcs Polyester Fiber

Hcs Polyester Fiber,Hc Hollow Polyester Fiber For Pillow,Hcs Polyester Staple Fiber,3D Hcs Fiber Polyester Fiber

JIANGYIN ZHONGXIE NEW MATERIAL CO.,LTD , https://www.zhongxiegroup.com