 Taiwan-based Shinkong Synthetic Fibers Corp will be starting the operations of a new PET resin plant by the end of this year, which will be more than double the current capacity.
“The current output of PET bottle resin is 190,000 tons per year. By the end of this year, new capacity will be operational, which will take our total PET capacity to 400,000 tons per annum”, a Shinkong company official told fibre2fashion.
Giving the details about current PET bottle resin prices he said, “We are currently offering at US $1,500 / ton (FOB Keelung – Taiwan). Our regular customer bid is at US $1,490-1,510 / ton (FOB), depending on different grades.
Shinkong Synthetic Fibers Corporation founded in 1967, subsequently developed into a joint venture with Toray Industries and Mitsubishi Corporation.
Its three plants in Taiwan totally produce 1,900 tons of polyester products per day. Additionally, the company also has manufacturing sites in China and Thailand.
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