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Industry News | Time: Jun 23 2017 1:21PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Spinning advantage and product orientation in U.S.
 
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Mr. Wang, director of Zhejiang Keer Textile CO., LTD. shared with us about Spinning advantage and product orientation in U.S.
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He first introduced Keer (U.S.) which was established in 2013, located in South Carolina, Southeast U.S. and covering nearly 900 Mu of area. Keer’s phase I plant with open-end yarn started production in 2015 and the products were mainly sold to the U.S., Central and South America and China and so on for daily textiles like towel and denim. Phase II ring-spun project started construction in Feb 2017 with total investment at more than $60 million and capacity around 75,000 spindles. The plant is to mainly produce combed and carded 20-50S yarn and predicted to start operation in May 2018.

The reasons for the establishment of plant in U.S. are the rich feedstock resources and low energy cost. Coupled with highly developed market, well-established financial regulations, favorable policies on taxes and inclusiveness, the U.S. is appropriate for projects with large input in equipment, high energy consumption and less labor.

For the selling direction, less than 30% products were consumed in U.S. local market and the others flew into South America and Canada and the rest is to China.

At last, Mr. Wang talke about the future plan of Keer. The company plans to establish ring-spun project in U.S. to enrich variety and open U.S. local market. The products are oriented for U.S. market with less than 30% back to China.



[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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