Toray to expand textile production in China.
Toray Industries Inc., Japan's largest maker of synthetic fibers, said Tuesday its Chinese subsidiary will build a new plant in Nantong, Jiangsu Province for polyester filament and nylon filament fabrics at a cost of 8 billion yen.
Construction will start next month so the plant will go into operation in two phases, the first in January 2003 and the second in September 2004, Toray said in a release.
At full capacity, the plant will be able to produce 3.0 million meters of polyester filament fabric per month and 2 million meters of nylon filament fabric per month.
Toray said construction of the new plant reflects an expected surge in demand for high-quality apparel products in the U.S. and European markets after China's entry into the World Trade Organization.
The plant will be run by Toray Sakai Weaving & Dyeing (Nantong) Co., a joint venture set up by Toray and major Japanese textile dye maker Sakai Ovex Co., Toray said.
|Printer friendly Cite/link Email Feedback|
|Comment:||Toray to expand textile production in China.|
|Publication:||Asian Economic News|
|Date:||Oct 29, 2001|
|Previous Article:||Macao bans Japanese beef imports over mad-cow scare.|
|Next Article:||H.K. consumer price index down 1.2% in Sept. on year.|