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In Sep 2008 the financial crisis sent world economies into turmoil, punching hardly
on global manufacturing industry, and there was no escape for textile and apparel
industry of China, which heavily relies on export. Industry giants, such as Zhejiang
Jianglong, Hejun Toys Factory, Shandong Cherry Textiles, Zhejiang Jinwu and Hualian
Sunshine, went bankrupt one by one.
The woe soon spread to recycling industry. Enterprises have suffered heavy loss
as prices slump and the downstream go into a reshuffle, with some going bankrupt
and some acquired. Meanwhile with the spread between re-PSF and virgin fiber shrinking
and once wiped out, producers of cotton type re-PSF saw their competitiveness seriously
damaged. To make the situation worse, capacity of recycling industry have been expanding
quickly during the past few years, while the overall operating rate has been maintained
at around 60%. As a result there is excess volume that used to be exported but now
posed a problem, as demand from overseas falls sharply in the economic downturn.
Currently world financial system is in recovery and so is crud oil value. In China
government also took lots of supportive measures to revive its industry, including
adjustment to reserve ratio, export rebate rate and VAT. How could we grab opportunities
from these positive factors?
Technology Standards & Innovation — to review past progress and set premise
for development in the future.
With industry standards for re-PSF soon to be published, China is expected to step
forward to a more standardized market. Meanwhile, we should pay equal concern to
international trading standards. As trade barriers keep emerging, it will be helpful
for foreign trade enterprises in China to learn about international standards.
Technology innovation is essential for producers to pursue high quality and advanced
products. R&D for value-added products may be hampered by financial crisis but development
would never stop. Against the backdrop of lusterless economic environment, it is
time for enterprises to gain edge by improving their products.
Cooperation and Development — we cooperate not because financial crises,
but for further development.
No cooperation, no development, and challenges are usually accompanied with opportunities.
Financial crisis draws players closer and provides more possibilities for cooperation,
between upstream and downstream, China and overseas, to revive the industry with
joint effort.
With regard to widely concerned issues above, 5th China International Recycled Polyester
Forum will provide an opportunity for players of recycling industry, including
fiber producers, traders, facility suppliers, flake suppliers and finish-oil/accessory
suppliers to congregate again to give opinions and exchange ideas about current
market status and market future.
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Participants:
Supporter:
Organizers:
Registration time:
Conference time:
Conference place:
Hotel Tel:
Hotel Fax:
Hotel website:
Language:
Conference Fees:
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Recycled fiber producers, traders, facility suppliers, flake suppliers and finish-oil/accessory
suppliers
Senior officials from relevant industry associations
Related institutes and consultants
China Chemical Fiber Association (CCFA)
Recycled Fiber Committee of CCFA
China Chemical & Fiber Economic Information Network (CCFEI)
Dr. Thiele Polyester Technology
PCI PET Packaging, Resin & Recycling Ltd
2 Sep 2009
3-4 Sep 2009
Shanghai Minya Hotel, 500 Gushan Road, Pudong District, Shanghai, China
86-21-50933333
86-21-68558888
www.minyahotels.com
Chinese and English (Simultaneous Interpretation)
The full registration fee is US$800 per person, including the costs of all
sessions, conference documentation, lunch, dinner and tea/coffee during the conference
time, while excluding hotel accommodation. Group discounts are available. Please
inquire for details.
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Cancellation & Refunds:
A full refund will be made for all written cancellations two weeks before the forum.
A 50% refund will be made for written cancellations received 7 days before the forum.
Thereafter, no refunds are possible. A substitute may be made at any time.
If you are interested in attending this conference, please send us the Registration Form by email or fax
before 20 Aug 2009.Thus, we can make earlier arrangement, e.g. seat arrangement,
etc.
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For bank remittance, kindly see the following bank details:
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BENEFICIARY:
ACCOUNT NUMBER:
BANK:
BANK ADDRESS:
SWIFT CODE:
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Sinofiber Consulting Co., Ltd.
044159-8850-09834108091001
SHANGHAI YANGPU SUB-BRANCH BANK OF CHINA
No.1116.2/F Pingliang Road, Shanghai 200090, P. R. China
BKCH CNBJ 300
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Please visit us at China Chemical & Fiber Economic Information Network (CCFEI),http://www.ccfei.net
for any updates.
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Contact person
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Wallace Weng
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International Business Director
China Chemical & Fiber Economic Information Network (CCFEI)
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