Aiming at the potential business opportunities of TPP, South Asia accelerates its deployment in the United States

In response to the potential business opportunities of the TPP, Nanya and Taiwan Chemical have jointly increased their textile fiber layout in Vietnam; especially aiming at strengthening high-quality business opportunities and extending the global textile fiber territory, Nanya’s polyester fiber factory in South Carolina, the United States, in addition to actively transforming the production and sales of filling cotton and For high value-added products such as carpet cotton, we have signed supply contracts with internationally renowned brands for polyester pellets for bottles, and we have also planned to launch investment in a new EG factory in the United States to strengthen our consistent layout advantages.
Production bases in South Asia include cross-strait, the United States and Vietnam; among them, EG’s total annual production scale exceeds 2 million tons, Taiwan’s 1.47 million tons, Nanzhong Petrochemical Plant’s 300,000 tons, and the United States’ 300,000 tons. As for polyester products such as polyester pellets, polyester cotton and polyester silk, the total annual output exceeds 2 million tons.
South Asia’s polyester fiber factory in South Carolina, USA, has an annual output of 860,000 tons. Its main products are polyester cotton and ester granules for bottles. In recent years, due to the cancellation of global textile quotas, products from mainland China and Southeast Asia have been dumped into the United States at low prices. The South Carolina factory has transformed into the production and sales of high value-added products such as filling cotton and carpet cotton, and has signed supply contracts with well-known international brands for the supply of polyester pellets for bottles.
Nanya plans to increase its efforts in promoting the new 830,000-ton EG plant in the United States and the Formosa Plastics U.S. ethane cracking plant. By then, the U.S. plant will become the company’s second largest petrochemical base.
The polyester fiber factory jointly built by Nanya and Taiwan Chemical in Dong Nai Province, Vietnam, is expanding into the local and Eurasian markets. After the second phase expansion of the polyester fiber factory in Vietnam, the number of spinning spindles has increased to 320,000.