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Related Keywords: capacity expansion, ethylene, LyondellBasell, Texas, US Gulf coast

The American multinational chemical company based in Houston, Texas, LyondellBasell, plans to introduce three major projects. The company tries to multiply ethylene capacity at the U.S. Gulf coast through these growth projects.

The company’s first project is the methanol plant at Channelview, Texas which was placed into service in fourth-quarter 2013 to take advantage of low-cost natural gas from shale formations. The unit had been out of service since 2004 due to the rising cost of natural gas, the key feedstock for methanol production, the company said.

Related Keywords: cotton prices, Gujarat Sankar-6 cotton, natural fibre

Trading of natural fibre was seen due to decrease in the cotton arrival. In the past few days cotton arrivals have decreased from 65,000 bales to 50,000 bales. According to a Rajkot-based ginner, farmers are holding back kapas and they are not willing to sell at lower price.

With the limited cotton arrival, price of Natural fibre increased by Rs200 for a candy of 356 kg. Kapas or raw cotton prices also gained.

According to brokers, demand emerged from domestic mills and exporters also began to buy to meet their immediate needs.

Related Keywords: Sateri Fujian VSF plant, Sateri Holdings Limited, viscose staple fiber

Sateri Holdings Limited has set up a new viscose staple fiber (“VSF”) plant in Fujian, China having four identical production lines, each with an annual design capacity of 50,000 metric tons, making a total annual design capacity of 200,000 metric tons.

The Company believes that the commencement of this new state-of-the-art VSF plant will significantly boost the scale and competitive positioning of its VSF business in China.

Related Keywords: Czech Republic, expansion, Litomysl plant, textile glass fiber, Vetrotex

Saint-Gobain Vetrotex, the leader in the textile glass fiber, looking at its rising sales in 2013, has decided to carry out a major expansion of one of its two furnaces at the Litomysl plant in Czech Republic to increase the production capacity in 2014.

Related Keywords: Congress, Lok Sabha elections, Surat, Textile Industry

The Surat textile industry expects an additional business of at least Rs 50 crore from the forthcoming Lok Sabha elections. This time, the industry is eyeing vigorous business, the orders are expected to start pouring in after January 14 and complete by February-end.

According to industry sources, in recent state assembly elections of five states, candidates from different political parties purchased more than 2.5 lakh saris from Surti manufacturers to distribute to their voters. In 2009 general elections, more than 5 lakh saris and 2 lakh dress material pieces were ordered from Surat.

Related Keywords: Foreign Investment Promotion Act, GS Groups, paraxylene, production, SK Chem

With amendment of the Foreign Investment Promotion Act, the global demand for the chemical substance is projected to increase approximately 7% each year in the near future. The SK and GS Groups is also expected to be speed up its paraxylene production.

Related Keywords: Frontier Spinning Mills, investment, spun yarns, Sun Capital

Sun Capital Partners, a leading private investment firm has announced the sale by an affiliate of its investment in Frontier Spinning Mills to American Securities LLC. Frontier, headquartered in Sanford, North Carolina, is one of the largest producers of spun yarns for the knitting and weaving industries.

Frontier offers a diverse product line, with market-leading positions in open-end and air jet spinning technologies.

Related Keywords: jute geo textiles, National Jute Board, rural roads construction, Union Ministry of Textile

As per the National Jute Board (NJB) official, jute-based textiles are currently in use in constructing and with the project gaining popularity in Karnataka; the Union Ministry of Textile is planning to promote use of jute geo textiles for construction of rural roads across the country.

Jute geo textiles are absorbent fabrics used as an agent to strengthen the road foundations and prevent soil erosion along the banks. Also Jute textiles are generally 25 per cent cheaper than other fabrics.

Related Keywords: cotton, Cotton Association of India, cotton price, export demand, NCDEX

Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

Related Keywords: gas supply, knitwear sector, PHMA, SNGPL

SNGPL has single out the knitwear garment sector by repudiating gas supply defying going along with the decision taken by the federal government to provide gas to textile processing units.