Textile manufacturers in Taiwan are stepping up production levels of high-margin elastic fibres in a bid to offset losses on their other products, industry chiefs have revealed.

The overall annual output of elastic synthetic fibres in Taiwan is expected to rise to 14,600 metric tonnes this year from the 10,420 metric tonnes reported last year.

The increase is partly due to the setting up of Sinkong-DuPont Chemicals Co and production expansion at Tong-Hwa Synthetic Fibre Co, said the Taiwan Synthetic Texturising Industry Association.

It added that although the price of elastic synthetic fibres has fallen in recent years, many chemical fibre firms are still eager to boost production capacity because the products are still the most profitable among all kinds of synthetic fibres.

Many producers say they have borne huge losses on other kinds of chemical fibres, including polyesters.

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