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Yantai Spandex: dramatic increase in performance o
The first quarter of this year, with the spandex and Kevlar market is getting warmer, the market's two main products of Yantai Spandex spandex and increasing demand aramid, spandex prices rose sharply over the previous year, the company spandex, aramid product sales were up increased, making its net profit increased significantly. The announcement from the company has been looking in the first quarter net profit rose 599.60%, in the first half net profit up 350-400%.
Early in 2009, lower prices for polyurethane industry products, industry losses and availability to less serious constraint company. Although since the second quarter, the downstream textile industry needs to pick up, spandex prices gradually rise, but because of limited capacity, the company does not appear significant sales growth in spandex. This year, the Polyurethane industry recovery is in good shape, spandex prices continue to rise, in April the company will raise the overall prices spandex 40D of 2000-3000 yuan / ton, the price to 60,000 yuan spandex / ton, up almost 5 percent last year; the same time, due to the economic crisis the most difficult period in the past, the company's sales have also sharply spandex growth.
Kevlar products, due to the economic crisis last year, the company's Kevlar Europe sharp slide in exports, declined even more than 50%, with foreign competitors prices to the impact of promotions, the company's production and sales and sales of aramid prices were lower than the year-earlier level; this year, one after another as the global economic recovery, the demand of overseas market quickly picked up Kevlar, aramid company received orders from overseas increased significantly over last year an increase of more than 60%. Affected, the company Kevlar operation rate of 50% in 2009 from the rapid rise to the current 100%, production and sales compared with a year earlier sharp growth, profitability and rapid recovery. The two leading spandex and Kevlar volume and price of products go up the situation the company's strong performance driven up, the company has issued a public notice from the point of view, this year's first quarter net profit increased 599.60 percent year on year, in the first half profit up 350-400 %, the present explosive growth.
According to reports, the company products include Kevlar aramid and aramid between the two series. 2009 inter-company aramid production capacity 4300 tons, annual production capacity by technological transformation has been achieved after 4600 tons. But with the economic situation continued development and market development, 4,600 tons of annual capacity is already in full production status, the company is strengthening the relevant technological innovation, and strive to October 5000 tons. The technical level most representative of the company's PPTA will also launch a large scale this year, as currently the only company able to produce PPTA business, its products have been in the protection, friction and sealing materials and other fields etc application; to expand the production capacity of 1,000 tons built industrial projects PPTA is also in progress, put into operation, has been monopolized by foreign PPTA will be a lot of the market.
Also, to continue to expand market share, the company expansion into the peak of the next two years. Invested 150 million yuan of annual output of 5,000 tons of medical technological transformation projects and 330 million yuan spandex construction of 7,000 tons of comfortable spandex fiber project is completed, Yantai Spandex spandex production capacity of 3.4 million tons / year, ranks third in the country. Particularly comfortable spandex completion of the project will fill the blank in this field in China, production will have a significant economic benefit.
Turning to the future, the company secretaries to directorate no later than sea level, said the economic crisis affecting the most difficult period is over, the company after years of sedimentation, the development of confidence in the future. Company will be owned by the industry's only a national research center for the backing, continue to increase investment in scientific research efforts, focusing on the common development of domestic and international markets, the company developed to bring a new level.
Source "China Textile Network"
Editor: Yan Zhu
Early in 2009, lower prices for polyurethane industry products, industry losses and availability to less serious constraint company. Although since the second quarter, the downstream textile industry needs to pick up, spandex prices gradually rise, but because of limited capacity, the company does not appear significant sales growth in spandex. This year, the Polyurethane industry recovery is in good shape, spandex prices continue to rise, in April the company will raise the overall prices spandex 40D of 2000-3000 yuan / ton, the price to 60,000 yuan spandex / ton, up almost 5 percent last year; the same time, due to the economic crisis the most difficult period in the past, the company's sales have also sharply spandex growth.
Kevlar products, due to the economic crisis last year, the company's Kevlar Europe sharp slide in exports, declined even more than 50%, with foreign competitors prices to the impact of promotions, the company's production and sales and sales of aramid prices were lower than the year-earlier level; this year, one after another as the global economic recovery, the demand of overseas market quickly picked up Kevlar, aramid company received orders from overseas increased significantly over last year an increase of more than 60%. Affected, the company Kevlar operation rate of 50% in 2009 from the rapid rise to the current 100%, production and sales compared with a year earlier sharp growth, profitability and rapid recovery. The two leading spandex and Kevlar volume and price of products go up the situation the company's strong performance driven up, the company has issued a public notice from the point of view, this year's first quarter net profit increased 599.60 percent year on year, in the first half profit up 350-400 %, the present explosive growth.
According to reports, the company products include Kevlar aramid and aramid between the two series. 2009 inter-company aramid production capacity 4300 tons, annual production capacity by technological transformation has been achieved after 4600 tons. But with the economic situation continued development and market development, 4,600 tons of annual capacity is already in full production status, the company is strengthening the relevant technological innovation, and strive to October 5000 tons. The technical level most representative of the company's PPTA will also launch a large scale this year, as currently the only company able to produce PPTA business, its products have been in the protection, friction and sealing materials and other fields etc application; to expand the production capacity of 1,000 tons built industrial projects PPTA is also in progress, put into operation, has been monopolized by foreign PPTA will be a lot of the market.
Also, to continue to expand market share, the company expansion into the peak of the next two years. Invested 150 million yuan of annual output of 5,000 tons of medical technological transformation projects and 330 million yuan spandex construction of 7,000 tons of comfortable spandex fiber project is completed, Yantai Spandex spandex production capacity of 3.4 million tons / year, ranks third in the country. Particularly comfortable spandex completion of the project will fill the blank in this field in China, production will have a significant economic benefit.
Turning to the future, the company secretaries to directorate no later than sea level, said the economic crisis affecting the most difficult period is over, the company after years of sedimentation, the development of confidence in the future. Company will be owned by the industry's only a national research center for the backing, continue to increase investment in scientific research efforts, focusing on the common development of domestic and international markets, the company developed to bring a new level.
Source "China Textile Network"
Editor: Yan Zhu
time:2010/5/31
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