Korean chemical fiber rebirth in adjustment
In the more than ten years after Korea Chemical Fiber was reborn in the process of adjustment, South Korea's chemical fiber industry developed rapidly and became the industry leader in the country. However, the current chemical fiber industry is facing the problems of global overproduction, labor disputes, high labor costs and the slow pace of new technology development. Affected by the global climate, Korean chemical fiber is also coughing in the cold. In the current situation in 2001, the demand for chemical fiber in the international market was 28.23 million tons, while the supply capacity reached 33.9 million tons, with an excess of 5.67 million tons. Secondly, due to oversupply, the international market price of chemical fiber products plummeted in 1995. In comparison, the prices of all products fell. In South Korea, the exports of chemical fiber dropped from 2.017 billion U.S. dollars in 2000 to 1.640 billion U.S. dollars in 2001, a decrease of 18.7 degrees. The average export price fell from 2.3 U.S. dollars per kilogram in 1995 to In 2001, it was US$1.3/kg. China is the largest importer of chemical fiber products in Korea. Among the 1.652 million t chemical fiber imported in 2001, Korea’s chemical fiber accounted for 36 V. However, the forecast from the Korea Chemical Fiber Association shows that due to the increasing self-sufficiency rate of chemical fiber in China, Korean chemical fiber products are in China. The market is getting smaller and smaller. In the first eight months of 2002, China’s chemical fiber production reached 5.2 million tons, an increase of 17.1 degrees over the same period in 2001. The output of polyester long fiber (PF) was 2.432 million tons, and the output of polyester short fiber (PSF) was 150.5. With the decrease of the price and the loss of the exporter's profits, one out of every 14 chemical fiber plants in South Korea went bankrupt, and five are under the management of creditor banks. Million t was reduced to 2.344 million tons in 2001, and the recession rate was 10.9. The operating rate of chemical fiber equipment dropped sharply from 88.8% in 2000 to 82% in 2001. Table 1 shows that the Korean chemical fiber production capacity is 10,000 tons. Polyester filament filaments Nylon filament filaments Propionic acid filaments Total Source: Structural adjustment of the Korean Chemical Fiber Association since July 1st. The measures are mainly focused on acquisitions, mergers, reduction of production, rationalization of labor costs, and technology upgrades. In the past, South Korean chemical fiber companies, in addition to their main operations in the chemical fiber industry, were investing in other areas, such as petrochemicals, communications, fine chemicals, logistics, etc. In the process of overcoming the Asian financial crisis, these companies found that The "choice and concentration" strategy will concentrate business resources on the core business and will be more beneficial to the company. Nowadays, Korean chemical fiber companies have concentrated their resources on chemical fiber and textiles. The main investments of chemical fiber companies are as follows: Tire-cord and other industrial chemical fiber products; Kohap: Centralized operating resources in petrochemical industry, and withdrawal from the chemical fiber field; Huvis: low melting point and corrugated fiber and other differentiated chemical fiber. The salary reduction for my staff has been reduced from 21,500 in 2000 to 19400 in 2001, a decrease of 10 in the future. The reduction in equipment, automation, ERP, and e-commerce will continue, and staff reductions will continue. In addition, the average annual salary of Korean chemical fiber workers in 2001 was as high as nearly 30,000 U.S. dollars, which is already the highest level among Korean industries. In the future, companies will use salary freezes and even pay cuts to ensure their competitiveness. According to the Chemical Fiber Association’s plan, in addition to layoffs and salary freezes, companies should automatically reduce production by 10, remove uncompetitive equipment to reduce production 5, and abolish obsolete equipment over 20 years to reduce production by 5°. , Transferring equipment to overseas areas such as China to reduce the production of 10k sea otters South Korea's chemical fiber plant has established a joint venture abroad. (Colon Industries transferred the production of nylon tire cloths to Thailand. Kohap has a polyester chip and polyester filament production plant in Qingdao, China, and a polyester filament plant in Indonesia. Kohap will also set up Spandek in China. Sri Lanka's joint venture plant, SK Chemicals has a polyester filament yarn joint venture in Indonesia. Recently, Huvis is establishing a 220,000-ton PSF plant in Sichuan, China, and plans to start operations by the end of 2003. In September 21st, Hyosung established a joint venture with an annual output of 3600 tons of spandex in Zhejiang, China, and plans to increase production to 8,000 tons by 2003. In addition, the company also plans to establish a new joint venture to produce 11,000 in 203. t tire cords and other industrial yarns. The development of technical chiefs and companies are all working hard to develop new materials for industrial and other uses. About 20 projects were identified as development targets in 2001 and were developed by experts from industries, research institutes, and governments. The project includes a new generation of composite fibers, amenUy functional fibers, PTT, flame retardant fibers and nanotechnology fibers. The chemical fiber industry is also working hard to develop industrial products. South Korea will increase the proportion of industrial chemical fiber from 20 in 2000 to 35 in 2005 and 50 litres in 2010. In order to implement this plan, Korea has established the "Textile Industry Development Center" and "Textile Material Reliability Energy Assessment Center". . As of 2005, a total of 16.5 billion won (approximately US$ 12.7 million) will be invested for construction of equipment, manpower, and information infrastructure. In addition, a total of 19.5 billion won (US$15 million) will be invested in automotive air filtration. Equipment, filters for water purification treatment, vehicle seat belts, etc., to develop new chemical fiber products, and set up certification authorities to handle reliability issues such as certification. Nong Nam Plan The Korean government and private companies plan to convert the structure of the textile industry (especially the Daegu and Gyeongbuk area) with a small number of varieties and mass production into a small and varied production system with high added value. The textile fibers (Daqiu and Gyeongbuk area mainly) can combine fashion, design and clothing to build the Daegu area into the world's textile and garment industry base. The plan claims that the total planned funding is <380 billion won ($523 million). By February 2002, the Milan plan had completed 66% of the progress. Its goal is: the advanced level of textiles and high added value. Construction of textile industry infrastructure. Support technology development and productivity enhancement. Chemical Xuan Pick Tool Bags,Canvas Crossbody Bag,Tool Backpack,Tool Pouch Jinan Golden Bull Canvas Textiles Co.,LTd , https://www.jgbct.com