In the post-epidemic era, in order to welcome the increase in transfer orders after the unblocking of Europe and the United States, the shift in the supply chain, and to maintain the status of the industry, domestic textile fiber mills such as Far East New, New Fiber, Lili, and Polytex have all started to increase investment and expand new production capacity. The project is estimated that the total amount will exceed 5 billion yuan.
Among them, Far East New has capital expenditures in the markets of Taiwan, Vietnam and the Chinese mainland. This year, the investment amount is at least 1.5 to 2 billion yuan; Xinxian has invested 500 million yuan in Taiwan’s Taoyuan and Guanyin plants, and Vietnam has also increased production lines.
Lili Group and Li Peng have expanded machines and updated production line equipment in Changhua, with an estimated cost of 300 to 500 million yuan; Jufang spent 1.5 billion yuan to build a factory in the Guanyin Industrial Zone in Taiwan.
Affected by the Sino-US trade war, the global textile supply chain has a tendency to move out of mainland China, and after the epidemic, the apparel market has mostly shifted to the consumption of sports, leisure, outdoor and other items.
The future textile market is dominated by environmentally friendly, functional, and lightweight fabrics. The recent investment of domestic textile fiber mills tends to be this trend.
Global brands such as Nike, Adidas, Coca-Cola, P&G, etc., have successively converted their product packaging materials to R-PET (recycled ester pellets); Far East’s new R-PET has an annual production capacity of 482,000 tons, which is already a global recycled ester. The second place in the production capacity of pellets is to maintain its position in the industry. Far East New’s investment this year has increased the production capacity of recycled ester pellets in the United States, Japan and other places.
In addition, optimistic about the rise of the textile fiber supply chain in Southeast Asia, Far Eastern New Zealand will continue to invest in Vietnam this year to expand the production capacity of long and short fibers.
Environmentally-friendly recycled ester pellets, especially bottled ester pellets, are the key items of Xinfong's capital expenditure this year; Xinfong said that investing in Taoyuan and Guanyin plants will increase the expansion of the production line of recycled ester pellets and increase production capacity.
We are optimistic about the prospects of Vietnam's textile fiber supply chain. The number of polyester processed yarn (DTY) production lines cooperating with Vietnam Petroleum and Power Group (PVN) has reached 21, and it has been fully produced and sold. This year, the investment in the production line is expanded to 27 units. , Expected to be achieved in the second half of the year.
After optimistic about the epidemic, the European and American markets were unblocked, and brand customers increased their orders for chemical fiber raw materials. This year, Lili and Li Peng invested in the renewal and upgrade of textile equipment. At the same time, they also added six false twisting machines.
Jufang focuses on textile technology research and development, and is an important foundry for global sports brand waterproof and moisture-permeable functional fabrics. The North Face, Columbia, Jack Wolfskin, Nike and Adidas are all long-term cooperative manufacturers.
In response to the trend of global textile supply chains moving out of mainland China, Jufang spent 1.5 billion yuan to build a factory in Guanyin Industrial Zone, Taoyuan, to build high-end precision dyeing and finishing, smart automated coating production lines, and to introduce green production technology and equipment, and automatic storage management system.
