Nanjing Chemical Fibre Co Ltd Is on the Rise According to BAC Report04 Oct 2011 • by Natalie Aster
LONDON - Nanjing Chemical Fibre has very bright future prospects due to its operations and sales region. The most significance factor in determining the future prospects for the global viscose fibre industry will be the growth in total fibre demand, which itself is linked closely to world Gross Domestic Product (GDP). Latest forecasts suggest that by the end of this decade, total fibre demand, including natural fibres, will have risen by approximately 35 million tones to around 115 million tonnes, representing an average growth rate of 4.7 % per annum, slightly faster than during the first decade of the 21st century when the rate was 4.1 % per annum. In light of increasing demand for all kinds of fibres the viscose industry is also to improve.
China apparel industry is forecasted to triple in next 10 years, while it has already grew three times during the decade gone (RMB 400 B in 2010). China is able to take 30% of global apparel industry in the next 5 years as e-shopping there is on the rise (71% of E-shopping are apparel purchases).
Company’s financial results have been improving in the last years. So, in 2010 revenues and net income increased by 34.3% and 50.4% respectively, and amounted to CNY 1004.1 M and CNY 103.9 M. H1 2011 indices are also positive. In Q2 revenue and net income equaled CNY 362 M and CNY 13.5 M respectively (a 72.4% and 48.4% growth comparing to the same period of FY 2010).
Founded in 1964 and headquartered in Nanjing (China), Nanjing Chemical Fiber Co., Ltd. engages in manufacture and wholesale of viscose yarn and fibre. Its capacity is 80000 ton/year, though it is planned to have expanded to 140000 tons/year by the end of 2011. The company also produces pulp and operates a plant producing electricity energy and reprocessing water. Company’s main market is China, though its export amounts to approx. 20%. Since 1996 Nanjing Chemical Fibre has been a Shanghai Stock Exchange listed company.
Other details on the company’ its activities, financials, news and competitors can be found in the report “Nanjing Chemical Fibre Co Ltd Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Nanjing Chemical Fibre Co Ltd Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Sep, 2011
Full China Chemical Industry overview and competitors’ comparison can be found in the report “China Chemical Industry Comparative Analysis and Companies Ranking”
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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