Another Chemical Fiber Enterprise Bankruptcy Liquidation! With The Advent Of The Winter Industry, The "Big Shuffle" Has Begun?

The textile market in 2019 has already spent 2/3 of the time in the internal and external economic environment. At the level of expression, it is a surge of anxiety in the industry.

Recently, the Wujiang court announced that it decided to accept the bankruptcy liquidation case of Suzhou Yu Chen Fiber Technology Co., Ltd. in August 9, 2019.

It is understood that Suzhou Yu Chen Fiber Technology Co., Ltd. is a wholly owned subsidiary of Suzhou Yu Chen group. Suzhou Yu Chen group is located in the Suzhou Luo Fu Township Economic Development Zone, Wujiang City, Jiangsu province. The company occupies an area of 80000 square meters and has a construction area of 72000 square meters.

Suzhou Yu Chen fiber technology Limited has 20 original Bama -1000 type elastic machine, and 20 Suzhou Bama. With the constant strength process engineer, the main business item is the production of polyester processing yarn, which provides the low quality yarn (DTY) for downstream weaving factories and traders. Mainly engaged in processing and marketing of new synthetic fibers.

And this year, Taobao judicial auction online, about chemical fiber enterprises bankruptcy auction began to increase gradually.

This can not help but remind people of the recent "polyester shuffle" in polyester industry.

Affected by the global financial crisis and bank lending, various kinds of negative information happen frequently in chemical fiber enterprises: parking, bankruptcy, bankruptcy and reorganization. Some factories with limited production capacity and limited capital strength have to face the risk of being eliminated in the fierce competition. But the reality is that the problem of excess capacity in polyester industry is still serious.

In 2019, China's polyester production capacity continued to expand. According to statistics, as of June 2019, China's polyester production capacity climbed to 56 million 390 thousand tons, an increase of 2.3% over the end of last year.

Polyester boom in 2010 reached a high point after the fall, after the 2012 -2015 low cycle of prosperity, 2016 ushered in dawn, at present, polyester has gone through nearly 3 years of prosperity cycle, with the rapid release of polyester production capacity, and terminal investment slowed down, while end-demand pressure inside and outside, the polyester boom this year, a straight decline.

The centralized release of production capacity, but the demand has not kept up with the time, so that the polyester factories are facing more and more intense competition. The industry "cyclical trough" appears, and enterprises have to go through hardships and hardships.

But this year, the concentration of polyester industry has been further improved and the bargaining power has been improved. After calculation, the overall capacity of the top ten enterprises in the polyester industry has increased to 44.20%. The mainstream polyester factories have strong anticipation and control over the market structure and price trend, and the leading effect of the listed companies is more and more obvious.

According to industry analysis, some small businesses that are weak in production capacity and can not be transformed in time will be reorganized and eliminated in the shuffle.

The skyscrapers are not built overnight. The perfect textile chain, favorable environment, abundant raw material resources, long-term accumulation of technical strength, high-quality textile personnel and marketing professionals are indispensable. This is a long process of precipitation and development.

In the development of high and new technology today, all walks of life are no exception, especially in traditional textile industry. Apart from long-term precipitation, we need more innovative power to occupy the market with new products and technologies.

In addition, increasing the added value of textile products -- speed and service can not be ignored. There is no doubt that in the face of the increasingly globalized and open textile market, there are opportunities and challenges for any country, any textile enterprise and any textile person, and there is an infinite possibility. Source: Wujiang people's court and network