China-based Jilin Chemical Fibre Group plans to shut both of its acrylic fibre (AF) plants with a combined capacity of 236,000 tonnes/year on 25 September for one month due to poor margins, said a company source on Tuesday.
Jilin Chemical Fibre subsidiaries Jimeng AF and Qifeng Fibre operate the 100,000 tonnes/year and 136,000 tonnes/year plants respectively.
“We have to shut our two AF plants due to the continued sluggishness in the textile industry. The weak downstream demand has already forced us to cut operating rates a few times in the last two months,” the source said.
The two subsidiaries are all located in the north-eastern Jilin city.