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Asia PX supply to lengthen on new capacities
Supply of paraxylene (PX) in Asia should gradually lengthen as a result of PX capacity expansion growth,driven by two large production units coming on stream in the key China market this year.
Applied DNA tie-up with Loftex
Applied DNA Sciences, Inc has signed a new multi-year, exclusive license agreement with Loftex Home, LLC, a well respected manufacturer of high-quality towels and home textiles, whose headquarters is in China.
Applied DNA-GHCL sign pact
Applied DNA Sciences Inc has signed a multi-year license agreement with GHCL Limited, a global manufacturer of home textiles, to provide CertainT platform services in connection with source-verified, polyethylene terephthalate (PET) and recycled PET (post consumer) in select home textile products.
Indorama Ventures’ profit up 74percent
For the second quarter of 2016 Thailand-based Indorama Ventures’ profit after tax and non-controlling interests rose 74 per cent year-on-year driven by margin recovery in the polyethylene terephthalate (PET) segment and contributions from additional feedstock volumes.
Recycled PET on the decline
Recycled polyethylene terephthalate (R-PET) prices in Asia fell to a record low and may continue trending down with importers in China opting to stay out of the market amid domestic economic weakness.
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