New Xiang Chemical Fiber mainly produces and sells chemical fiber products, with its main products including spandex fiber and cellulose filament. As a basic chemical industry, the company is engaged in the production of chemical fibers.
1. Introduction to Chemical Fiber Industry
The chemical fiber industry is an upstream sector of the textile and apparel industry, providing chemical fibers needed for fabric spinning. It has a certain cyclical nature, with the supply side coming from its own production capacity.
2. Main Products of New Xiang Chemical Fiber
- 2.1 Spandex Fiber
- 2.2 Cellulose Filament
Spandex fiber, also known as elastane or Lycra, is a highly elastic synthetic fiber widely used in the textile industry. It has excellent stretch and recovery properties, making it ideal for applications in sportswear, swimwear, and intimate apparel.
Cellulose filament is a type of bio-based fiber derived from cellulose sources such as bamboo, wood, or cotton. It has the advantages of natural fabrics, such as breathability and comfort, while also offering a more sustainable alternative to conventional synthetic fibers.
3. Market Position of New Xiang Chemical Fiber
New Xiang Chemical Fiber, as a global leader in recycled filament yarn and a leading player in the spandex industry, has been driven by innovation and has implemented a strategy focused on "greening, intelligentizing, and production technology". The company aims to provide high-quality and eco-friendly fiber products to meet the changing demands of the market.
4. Growth Potential of New Xiang Chemical Fiber
New Xiang Chemical Fiber has made efforts to improve its production processes and reduce costs. With the relocation of production facilities and the adoption of new technologies, the company has significantly lowered production costs. Moreover, the company has expanded its production capacity with the successful launch of a 6,000-ton recycled spandex project. This demonstrates the company's commitment to sustainable development and its growth potential in the market.
5. Social Responsibility and Public Engagement
New Xiang Chemical Fiber, in its 2022 Social Responsibility Report, highlights its commitment to corporate development, ecological civilization construction, talent cultivation, standardized and safe production, and participation in public welfare initiatives. The report demonstrates the company's dedication to its core business as well as its efforts to contribute to society and the environment.
Overall, New Xiang Chemical Fiber specializes in the production and sale of chemical fiber products, primarily focusing on spandex fiber and cellulose filament. The company is determined to innovate, improve its production processes, and promote sustainable development in the industry. With its commitment to providing high-quality and eco-friendly fiber products, New Xiang Chemical Fiber is poised for growth and has a strong presence in the market.