Zig Sheng Ind. Cov Ltd. plans to shift its business from nylon filament yarn to nylon chips and caprolactam. A new plant will be equipped with four lines (one line for films and the other three for carpets, engineering plastics and apparel). The plant is slated for operation at the end of 2005. Zig Sheng increased its production capacity for high-quality nylon chips in order to cope with serious price competition in the sector of commodity items. 25% of production (18,000 ton/year) at the new plant will be for nylon films. The current market price is at US$5 per kg, the highest among nylon-related products. Supply is very tight in contrast to the slump of other products such as textured yarn, while the price of CPL has climbed to US$2,050 per ton.
Zig Sheng is expected to achieve sales of NT$8 billion and ordinary profits of NT$500 million in 2004, due to the sharp increase in CPL prices on the international market.
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