Automotive-industry – Polypropylene fiber 04-04-2022

Automotive-industry – Polypropylene fiber

-Koksan plans to launch a new PET line in Turkey in the summer

Koksan has postponed the launch of its 230,000-tonne-a-year polyethylene terephthalate (PET) plant in Gaziantep, Turkey, to late July or August, a company source told ICIS.

On the same site there is an operating pet production line with a capacity of 230 thousand tons per year. Automotive-industry – Polypropylene fiber

ThyssenKrupp entered into an agreement with Koksan in April 2021 to use ThyssenKrupp Melt-To-Resin (MTR) technology.

Initially, the plant was planned to be launched at the end of 2016, but it was postponed until the end of 2017. The project was then frozen in 2018 and was supposed to be reopened for launch in 2019, but that schedule was also delayed.Automotive-industry - Polypropylene fiber

-Formosa raised the March contract price of butadiene by USD315 per ton

Taiwan’s Formosa Petrochemical Corp (FPCC), a major global producer of petrochemical products, has raised the March contract price of butadiene by USD315 per tonne from the Feral level to USD1,355 per tonne, a company source told ICIS.

The company’s February contract price for the material was set at USD1,040 per ton, del pipeline. Then the contract price of butadiene increased by USD245 per ton compared to the level of the previous month (USD795 per ton, DEL pipeline).

The FPCC sets the contract price on a retrospective basis.

Butadiene is one of the main raw materials for the production of acrylonitrile-butadiene-styrene (ABS). Automotive-industry – Polypropylene fiber

According to the ICIS-MRC Price Review, in Russia, the manufacturer Plastic (Uzlovaya) significantly increased the cost of ABS last month for various buyers. So, unpainted material was offered by the plant at a price of 305,000-315,000 rubles. per ton, FCA Uzlovaya, including VAT. At the same time, the manufacturer does not exclude further adjustment of prices depending on the behavior of the ruble exchange rate and the situation within the country.

Formosa Petrochemical Corp., a Taiwanese petrochemical company, ranks second in oil refining in Taiwan, second only to Chinese Petroleum Corporation. The company operates three ethylene cracking plants in Mailiao (Taiwan), with a capacity of 1.03 million tons of ethylene per year, 1.2 million tons per year and 700 thousand tons per year. Automotive-industry – Polypropylene fiber

Formosa raised the March contract price of butadiene by USD315 per ton

-Interview with Ishak Aydin Ozturk

Functional textiles is one of the most important and exciting fields

Innovative pioneer in textile production, Ekoten is a prestigious knit fabric producer in Europe and one of the major textile exporters of Turkey. The company supplies advanced fabrics to the apparel, medical, military and activewear markets around the world. In a chat with Shilpi Panjabi, CEO Ishak Aydin Ozturk talks about knit fabrics, sustainability and R&D. Automotive-industry – Polypropylene fiber

-Recently, the official name has been changed from Turkey to Türkiye. How has this impacted the Turkish textile industry?

Well, nothing has changed really, we have always been Turkey. In the past, this has been discussed several times, but I think the change in name will impact positively for creating brand ‘Türkiye’.

-How is the ongoing Russia-Ukraine conflict affecting the Turkish textile industry?

Both countries are not among the major buyers from Türkiye, so there is no big impact. But major retailers have closed their operations in these countries, which means less demand from these brands. Also, some suppliers who are exporting directly to Russia are affected. As of now, the impact is not big, but if the war lasts longer, the effect will increase.

In terms of product diversity, Türkiye offers huge variety from home textiles to fast fashion, and from sportswear to intimate wear.

-Post-COVID, have you seen a substantial rise in exports from Türkiye due to China Plus One, near-shoring and other factors?

There was definitely more demand after COVID-19, but given the present capacity and infrastructure, Türkiye can meet only small part of Far East business in very short term. This capacity may grow in the coming years. China’s clothing export is over $170 billion, while Türkiye’s clothing export is about $20 billion.

How big is the market for knit fabrics? What share does Europe have?

The global knitted fabric market size was valued at $56 billion in 2019. Its market size is expected to reach $70 billion by 2025. Increasing application of knitted fabric as technical textile in the automotive, sportswear, medical, and construction industries is expected to accelerate the growth of the market in the near future. About 80 per cent of Turkish garment exports are knitted fabrics goods. Another $2 billion of knitted fabrics are exported directly to Europe, Middle East and North Africa, as well as India and the Far East. Automotive-industry – Polypropylene fiber

Automotive-industry - Polypropylene fiber

-Accelerate the green transformation of the automotive industry kingfa technology signed a strategic cooperation with china automobile data

recently, kingfa technology co., ltd. and china automobile data co., ltd. signed a memorandum of cooperation in the form of online form to reach in-depth cooperation on jointly promoting the research and development of recycled plastic technology and the innovative application of vehicle regulations under the dual carbon target. li nanjing, general manager of kingfa technology, and feng yi, general manager of china automobile data, attended the signing ceremony.

Automotive-industry – Polypropylene fiber

it is reported that kingfa technology and china automobile data signed a memorandum of cooperation kingfa technology is a global leader focusing on the research and development, production, sales and service of high-performance new materials, relying on the national enterprise technology center, national engineering laboratory, state key laboratory and national industrial innovation center and other national technology research and development platforms, forming an innovative research and development system driven by three-wheel drive of technology research, industry research and product research, providing material solutions for creating a safe, comfortable and convenient human life.

at the signing ceremony, wang dazhong, director of the automotive industry of kingfa technology, shared on the overall solution of automotive materials, how to rationally build an industrial chain of recycled plastics “product-market”, and how to cultivate new advantages in global market competition under the low-carbon pattern.

Automotive-industry – Polypropylene fiber

wang pan, director of the recycling research office of the china automobile data ecology business department, introduced the application promotion and cooperation project plan of recycled plastics in automotive products under the double carbon target, and put forward key cooperation directions around the construction of automotive recycled plastic specifications and standard systems, vehicle-grade recycled plastic application technology and market, “vehicle-vehicle” material closed-loop recycling demonstration, carbon footprint accounting,

Automotive-industry - Polypropylene fiber

-China Struggles to Keep Growth Momentum Strong as Risks Escalate

China struggled to boost economic momentum in March, as slumping car and home sales, stock market turmoil and higher inflation weighed on growth and a fresh round of Covid outbreaks swept across the country. Automotive-industry – Polypropylene fiber

That’s the outlook from Bloomberg’s aggregate index of eight early indicators for this month. The overall indicator for the economy was unchanged from last month, but sub-indexes weakened almost across the board.

China is battling its worst wave of outbreaks since the initial flareup two years ago and the nation’s stringent Covid Zero approach has proven increasingly costly. Factories in manufacturing hubs including Shenzhen were forced to temporarily halt production, and consumers were told to stay home as authorities try to contain the highly contagious omicron variant.

Places designated middle and high-risk virus areas now exceed 30% of China’s gross domestic product, according to Goldman Sachs Group Inc. estimates. If a four-week lockdown was imposed in these areas, annual GDP would be reduced by 1 percentage point, the bank’s economists said. That would make it even harder for Beijing to achieve its ambitious growth target of around 5.5% set for the year.

Business sentiment among smaller firms improved further this month, largely due to a seasonal rebound from the week-long Lunar New Year holidays in February, according to Standard Chartered Plc’s survey of more than 500 smaller firms. However, the improvement paled in comparison to the historical average, the bank’s economists Hunter Chan and Ding Shuang wrote in a report. And a drop in the average reading of the performance sub-index in the first quarter suggests economic activity slowed from the fourth quarter, they said.

Global demand remained resilient, although the pace of expansion continued to weaken from the previous month. South Korea’s exports, a leading indicator of global trade, advanced 10.1% in the first 20 days of March from a year earlier. The double-digit gain was the slowest since December 2020, likely due to geopolitical and virus risks weighing on global demand. Automotive-industry – Polypropylene fiber

The Standard Chartered survey also pointed to a normalization of external demand, with new export orders contracting and performance of export-oriented small and mid-sized firms softening in the first quarter.

The property market continued to weaken, with home sales slumping in March despite the fact that more Chinese cities have recently eased restrictions in order stimulate demand, such as by cutting mortgage rates and down payments on loans. Car sales also dropped, indicating that consumer sentiment was weak amid the repeated outbreaks.

China Struggles to Keep Growth Momentum Strong as Risks Escalate

-Indorama Ventures to launch Deja carbon-neutral polypropylene fiber

At this week’s IDEA nonwovens show in Miami (March 29-April 1), Indorama Ventures’ Hygiene Group is launching Deja carbon-neutral polypropylene (PP) fiber, as well as reporting significant breakthroughs with its Biotransformative PP fibers.

Deja carbon-neutral PP fibers were created in response to client requests for solutions that would help them reach their sustainability goals.

IVL subsidiary FiberVisions in Covington, Georgia, has completed a fully accredited Life Cycle Assessment (LCA) on its processes and materials and is now offering this select PP staple fiber range, which balances greenhouse gas emissions with verified carbon offset projects, in collaboration with Strive, a global climate solutions provider.

Meanwhile, Biotransformation is a shelf-stable, recyclable, and time-set biodegradable PP fiber that permits fibers and nonwovens to be recycled. If released into the environment, it is scientifically intended to biodegrade and biotransform in natural settings, leaving no toxins or microplastics behind.

IVL Hygiene’s six brands – Auriga, Avgol, FiberVisions, Indorama Asia, Trevira, and Wellman International – are all present at the event, showcasing a wide spectrum of sustainable polymers, fibers, and nonwovens. Automotive-industry – Polypropylene fiber

Wellman’s plant in Mullagh, Ireland, has recently installed technology that allows PET to be recycled without sacrificing quality, and sister companies Auriga, IVL Asia, and Trevira also have a strong recovered PET (rPET) fiber portfolio for the hygiene business.

Trevira will highlight its newly introduced bicomponent fibers based on PLA and PBS (polybutylene succinate), which are recyclable and 100% biodegradable under industrial conditions.

CEO Shachar Rachim, said that the Hygiene Group of Indorama Ventures is thrilled to see their customers face to face at the IDEA Show once more. They’re focused on collaborating with customers to develop solutions that add value to their businesses while also being long-term.

He is especially delighted with the advancements they’ve made in biotransformation technology, which they’re excited to share. Automotive-industry – Polypropylene fiber

Indorama Ventures to launch Deja carbon-neutral polypropylene fiber

Automotive-industry – Polypropylene fiber

Circular-fiber-production – Plastic-recycling 02-04-2022