The domestic yarn market has an additional supply of polyester synthetic fibers, when Dinh Vu Fiber Factory after a period of "capital injection" to revive, officially launched an all-new Anpoly yarn product and continue increase production.
New Anpoly yarn has just launched
An Phat Group Holdings (APH), An Son Synthetic Fiber Joint Stock Company (member of APH) and PetroVietnam Petrochemical and Mineral Joint Stock Company (PVTex) have launched Anpoly fiber products which are completely new to market school Anpoly is a long fiber product (DTY), the first result of the cooperation process between APH / An Son and PVTex re-operating Dinh Vu Fiber Factory.
Needless to say, the Dinh Vu polyester fiber factory project is one of 12 loss projects of Industry and Trade sector, which has been "covered" by 31 months and has just been re-operated since April this year. After APH is determined to invest and cooperate with PVTex to revive this factory.
From 11/2018, PVTex Plant will supply 400 tons of Anpoly yarn per month. The total number of Anpoly yarns now has the "address" consumed, thanks to the sales contract signed by An Son with partners.
In the coming time, Anpoly yarn output will continue to increase when An Phat, An Son and PVTex increase the production scale of DTY yarn to 10 lines, the capacity will reach 700-750 tons / month and operate 29 production lines. , capacity is expected to reach 1,800 tons / month in early 2019.
“PVTex's products will be more diversified to meet customers' needs, especially products in the high segment,” said Pham Anh Duong, APH Chairman.
Talking to reporters of Investment Newspaper at PVTex Factory, Mr. Nguyen Son, Vice Chairman of Vietnam Cotton Association (VCOSA) said that PVTex's re-production and introduction of Anpoly yarn is a transformation step. It is good for the textile and apparel industry to increase the supply of yarn in place and more importantly the meaning of "rescuing" the fiber project invested more than VND 7,000 billion has been stopped for a long time.
Wide consumer market
In the past years, the supply capacity of the yarn industry has increased sharply thanks to the push to attract domestic and foreign investment capital, but the import of yarn to meet the demand for domestic and export consumer goods is still up to a few. billion USD per year.
In the past 10 months alone, fiber imports have reached 867,000, worth nearly US $ 2 billion, up 18.2% in volume and 34.7% in value over the same period in 2017. With import speed raw materials for the remaining 2 months of the year, expected to be imported for the whole year 2018 can be up to 2,450 billion USD.
If the re-operation of the whole Dinh Vu Fiber Factory is positive in 2019 and in the near future may reach a capacity of 175,000 tons of products / year, it will create a significant supply to serve the market's demand. country and export.
According to Vietnam Textile and Apparel Association (VITAS), PVTex factory comes into operation, has a supply of yarn to the market at the moment is quite favorable in terms of consumption, when the export orders of the textile industry rise and the domestic market is "thirsty" for polyester fibers, the demand for polyester fibers of Vietnamese enterprises is growing steadily at a high level, about 10-15% per year.
Assessing the market prospect, Mr. Son said that the yarn industry will continue to develop more and more with the market increasingly open thanks to the advantages of free trade agreements (FTA) of new generation and housework. increase supply capacity of the whole industry.
For example, Vietnam - Korea Free Trade Agreement (VKFTA) and Vietnam - Japan Economic Partnership Agreement (VJEPA) are all in force, cutting import and export duties on yarns from Vietnam to 0. % Accordingly, Vietnamese yarn enterprises all benefit greatly from these tariff preferences.
In addition, the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) currently has seven ratified countries, which will take effect on December 30, 2018, opening up a large consumer market for the sector. textile right in 2019.