INDONESIA: Trade Group Predicts 8% Rise In Fibre Production
Synthetic fibre producers can expect an increase in foreign demand once quotas have expired, according to the chairman of the Chemical Fiber Industries Federation.
SP Lohia believes synthetic fibre production will grow by about 8 per cent per year over the next five years.
Synthetic fibre consumption internationally is reported to have grown from 21 million tons a year two decades ago, to approximately 33m tons a year in the past few years.
Indonesia produces around 1.2 million tons of synthetic fibre each year - of which about 200,000 tons are exported.
The country currently has 18 chemical fibre producers, employing about 40,000 people.
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