Henan firm captures 52% share of Indian viscose filament market

[TaiShang]

Henan firm captures 52% share of Indian viscose filament market

chinadaily.com.cn | Updated: 2017-09-11 13:17

A model wearing sari walks the catwalk at Vogue Sari 24/7 as part of the India Fashion Week Autumn Winter 2017 on March 15, 2017, in New Delhi.[Photo/VCG]


Shenzhen-listed Xinxiang Chemical Fiber Company Limited revealed that its viscose filament, a raw material for manufacturing Indian traditional dress sari, has taken a 52 percent market share in India last year, Dahe Daily, a local newspaper in Central China's Henan province, reported on Wednesday.

Chuai Lirong, in charge of the Henan-based company's export business, said 3,300 tons of viscose filament yarn was sold to two Indian companies for $20.33 million in 2016.

An unidentified executive with Rayontex Yarn Traders Pvt Ltd, an Indian company, told Dahe Daily that Xinxiang Chemical Fiber's yarn, which could be as thin as 20-denier or one third of the thinness of a hair and which is of high breathability and without knots, is popular in India. The yarn can replace silk threads, he added.

The executive said that products supplied by Xinxiang Chemical Fiber are rarely rejected due to quality issues.

The yarn is used in making sari, a female garment that is five to nine yards (4.5 meters to 8 meters) in length and two to four feet (60 centimeters to 1.20 meters) in breadth. The sari is typically wrapped around the waist, with one end draped over the shoulder.

The company's link with Indian companies dates back to the China Import & Export Fair, the Canton fair held in 2013, when the company signed an order for 40-denier yarns.

 

[AndrewJin]

What?
I can't believe what I am reading.

 

[war&peace]

Made in China Sari for you @Levina

 

[Sully3]

indians have no shame

 

[faithfulguy]

indians have no shame

Nothing wrong for importing their cloth. I would recommend India import more toilets though.

 

[LOGICAL BOSSS]

One more candidate for Anti Dumping Duty found

 

[navtrek]

One more candidate for Anti Dumping Duty found

But what are Indian alternatives ?

 

[LOGICAL BOSSS]

But what are Indian alternatives ?

Friend there is always an alternative, just the difference is that of price. Chinese exports are heavily subsidized to make them capable dump there produce in other countries. Here this Anti Dumping Duty comes into play.
Similarly our steel and many other sectors come alive back helping our economy after putting this duty on Chinese Cheap

 

[Viny]

Henan firm captures 52% share of Indian viscose filament market

chinadaily.com.cn | Updated: 2017-09-11 13:17

A model wearing sari walks the catwalk at Vogue Sari 24/7 as part of the India Fashion Week Autumn Winter 2017 on March 15, 2017, in New Delhi.[Photo/VCG]


Shenzhen-listed Xinxiang Chemical Fiber Company Limited revealed that its viscose filament, a raw material for manufacturing Indian traditional dress sari, has taken a 52 percent market share in India last year, Dahe Daily, a local newspaper in Central China's Henan province, reported on Wednesday.

Chuai Lirong, in charge of the Henan-based company's export business, said 3,300 tons of viscose filament yarn was sold to two Indian companies for $20.33 million in 2016.

An unidentified executive with Rayontex Yarn Traders Pvt Ltd, an Indian company, told Dahe Daily that Xinxiang Chemical Fiber's yarn, which could be as thin as 20-denier or one third of the thinness of a hair and which is of high breathability and without knots, is popular in India. The yarn can replace silk threads, he added.

The executive said that products supplied by Xinxiang Chemical Fiber are rarely rejected due to quality issues.

The yarn is used in making sari, a female garment that is five to nine yards (4.5 meters to 8 meters) in length and two to four feet (60 centimeters to 1.20 meters) in breadth. The sari is typically wrapped around the waist, with one end draped over the shoulder.

The company's link with Indian companies dates back to the China Import & Export Fair, the Canton fair held in 2013, when the company signed an order for 40-denier yarns.

Lolz ...what a heck of myth story.
They sold 20Mn $ of viscose in 1 year, where as surat the Syntheti Saree city of india manufactures sarees and dress materials worth more than 20Mn$ per day

Also probably never heard about Indian Rayon (Aditya Birla Group) who are one the major Viscose yarn producer and control over 45% domestic market themselves.

 

[TaiShang]

Indians and their boycotts... As efficient as their public governance.

 

[Offshore]

But what are Indian alternatives ?

Banana Leaf

 

[AndrewJin]

indians have no shame

Pls don't, cows will shit!

 

[navtrek]

Banana Leaf

false flagger. Thats definitely not Chinese IQ or reply.

Friend there is always an alternative, just the difference is that of price. Chinese exports are heavily subsidized to make them capable dump there produce in other countries. Here this Anti Dumping Duty comes into play.
Similarly our steel and many other sectors come alive back helping our economy after putting this duty on Chinese Cheap

Hi there are Indian companies that also manufacture this and yes anti dumping duties definitely need to be applied.

Aditya birla chemicals
The Viscose Filament Yarn (VFY) unit, Indian Rayon, is a major player in the Indian VFY business. The unit, a part of Aditya Birla Nuvo, enjoys a 38 per cent domestic market share, thus making it the second largest producer of VFY in India.

http://www.adityabirlachemicals.com/products/VFY/VFY_overview.html