As optimistic about the prospects of bottled polyester market, China's Taiwanese famous chemical fiber company - Lili Group plans to spend 200 million yuan to purchase new equipment, the fastest will enter the PET polyester bottle market by the end of 2010, with Taiwan Farnell, Taiwan New fiber and Taiwan South Asia and other companies eat a glass of soup.
Due to the rising demand for packaging water in China, India, and European bottled beer, the global demand for PET pellets has skyrocketed. It is understood that the Lili Group has been evaluating the market for the use of polyester for bottles for many years, but considering the factors such as product, talent, and timing, it has only recently decided to join the bottled polyester market. Companies hope to use this to make the product structure more diversified.
The Lili Group has two polymerization production lines, one production line with a daily capacity of 300 tons, and polyester chips produced by them are used as textiles; the other production line with 300 tons of products per day has been discontinued for more than two years due to poor downstream market demand. Lili Group plans to restart the 300-ton/day polycondensation line by purchasing new equipment. This will reduce fixed-cost expenditures, reduce downtime losses, and expand into new product areas.
In addition, as a small number of chemical fiber companies with reverse investment, Lili Group has recently purchased 6 twisting machines, bringing the total number of twisting machines to 104 units.
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