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Yarn production at Dinh Vu polyester plant to triple by year end

Related Keywords: Dinh Vu Polyester plant, domestic demand, filament fibres, German technology, imports of foreign made fibre, Petrovietnam Group, polyester chips, polyester fibres, triple yarn output, Vinatex

Dinh Vu Polyester Plant that is owned 81 percent by the state oil and gas company Petrovietnam Group and balance 19 percent of the plant by Vietnam’s top garment maker Vinatex, to triple yarn output to 75,000 tonnes by year-end to better meet domestic demand.

With capacity to produce 175,000 tonnes of fibre per year, the plant is able to supply around 40 percent of raw material needed for the Vietnamese textile industry, saving approximately $ 400 million per year on imports of foreign made fibre, as well as providing jobs to nearly 700 people.

Provisional anti-dumping duty on PTA imports valid for 6 months

Related Keywords: Commerce Ministry, Designated Authority, import of PTA, polyester chips, provisional anti-dumping duty, PTA, revenue department, Textile

The provisional anti-dumping duty on the recommendations of the Designated Authority in the Commerce Ministry on June 19, the revenue department has imposed anti-dumping duty will be valid for a period of six months.
 
The anti-dumping duty imposed on July 25 ranging from $ 19.05 to $ 117.09 per metric tonne depends on the producer and country of export.
 
The provisional anti-dumping duty imposed on purified terephthalic acid (PTA) imports from China, Thailand, European Union and South Korea.
 

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