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ES FiberVisions Inaugurates Fiber Plant in Rayong, Thailand

Thailand: ES FiberVisions, a joint venture between ‘FiberVisions LLC’, which is operating as a subsidiary of Thailand based Indorama Ventures PCL, and Japan based ‘JNC Corporation’ inaugurated its new polyolefin bicomponent fibers production plant in Rayong, Thailand. This new facility is situated adjacent to existing fiber production facility of ES FiberVisions in Thailand and the already existing plant has fiber production capacity around 14,000 metric tons per year. FiberVisions LLC and JNC Corporation has announced to magnify its bicomponent fibers production at the FiberVisions facility in Covington, Georgia, USA

TechSci Research depicts that the inauguration of a new bicomponent fiber production  facility in Thailand by the joint venture ES FiberVision is anticipated to augment the expansion of the company and strengthen the company’s position in the Asia-Pacific region. Additionally, the production facility would generate augmented demand for polyolefins in the country.

 According to the recently published report by TechSci Research, “Global Propylene Market By Application (Polypropylene, Acrylonitrile, Acrylic Acid, Propylene Oxide, Cumene & Others), By Region (North America, Asia-Pacific, Europe, South America and Middle East & Africa), Competition Forecast and Opportunities, 2011 - 2025”, the global propylene market is forecast to grow at a CAGR around 6% during 2016-2025, on account of growing industrialization and rising demand for demand for eco-friendly paints across commercial and residential set ups. Additionally, announcements of various emerging OPT plants for propylene coupled with smooth trading practices between countries is boosting global propylene market. Furthermore, polypropylene is projected to dominate global propylene market, on account of increasing government regulations for reducing greenhouse gas emissions in environment supported by tremendous growth in the production of light commercial vehicles and packaging industries

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Growing demand of hydrazine hydrate in pharmaceutical and agriculture industries are factors driving the Global Hydrazine Hydrate Market in the forecast period 2024-2028.

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