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Management of textile manufacturing subsidiaries of Toray to merge

Related Keywords: air-bag fabrics, blended fabrics, cotton, polyester, polyester filament, rayon, spinning, spun knitted fabrics, textile manufacturing, weaving and dyeing

Established in 1963, TTTM is engaged in spinning, weaving and dyeing of polyester/rayon (T/R) blended fabrics as well as manufacturing of polyester filament and spun knitted fabrics. LTX was established in 1960 and is engaged in spinning, weaving and dyeing of polyester/cotton (T/C) blended fabrics as well as manufacturing of polyester filament fabrics and air-bag fabrics.

Falling crude triggers cost reduction in raw materials for making polyester

Related Keywords: crude oil prices, ethylene price, MEG price, mono ethylene glycol, naphtha price, paraxylene price, polyester chip, polyester fiber, polyester filament, Polyester prices, polyester spun, polyester yarn, PTA price, Purified terephthalic acid

In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand.

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