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Major events of China cellulose fiber industry in 2024

2024-12-16 09:14:37 CCFGroup

From the timeline of major events in the cellulose fiber industry for 2024, the market appeared somewhat quiet, with fluctuations relatively mild, making it seem like a "peaceful time" compared to other products. However, all parties are still making efforts behind the scenes-new capacities for VFY, rayon yarn represented by vortex-spun yarn, and lyocell are gradually being launched. The enterprises are maintaining their focus on R&D for new products and environmental sustainability, extending their reach into areas such as polyester and paper pulp, thereby expanding their industry scope. Some are exiting, some are entering, leading to continuous changes in market structure and competition. Is there hope for recovery in overseas markets by 2025? What kind of entanglements will occur in the cotton, lyocell, and viscose sectors? What new changes will the industry landscape face? Everyone is participating in and witnessing history.

Month	Event	Key word
Apr	Xinxing Chemical Fiber's 5kt/yr pilot line for mushroom grass biomass fiber and 1kt/yr ion liquid method recycled cellulose fiber pilot line successfully commenced.	Cellulose fiber, Xinxiang Chemical Fiber
	The 18th Cellulose Fiber (Viscose) Industry Forum & the 4th Lyocell Industry Forum were held in Hangzhou.	cellulose fiber, lyocell
	Xinjiang Zhongtai established the largest polyester staple fiber production base in Northwest China.	Xinjiang Zhongtai
May	Rayonier temporarily halted operations at its dissolving pulp mill in Canada.	Dissolving pulp, Rayonier
May	Xinjiang Zhongtai Henghui's 12 spunlace non-woven fabric lines officially began production.	Nonwovens, Zhongtai Henghui
Jun	Lenzing Group welcomed its new core shareholder, Suzano S/A.	Lenzing
Jun	Xinxiang Chemical Fiber became the only textile company in China to use pulp made from recycled textiles.	Xinxiang Chemical Fiber
Oct	Germany company Kelheim Fibres announced bankruptcy.	Cellulose fiber, Kelheim
	FCFC may withdraw from the viscose industry.	Cellulose fiber, FCFC
	Indonesian company Sritex was declared bankrupt.	Cellulose fiber, Sritex
	Sun Paper (Yanzhou) began relocation and is scheduled to restart production in Q2 2025.	Pulp, Sun Paper
	Yibin Grace started up a 50kt/yr lyocell line.	Lyocell, Yibin Grace
	Jiangsu Kinyonta started up a 30kt/yr lyocell line.	Lyocell, Kinyonta
	Tianzhihua's vortex-spun yarn machines exceeded 500 sets.	Rayon yarn, Tianzhihua
Nov	US company Cosmo announced restart in 2025.	Pulp, Cosmo
Nov	IP announced the closure of its pulp mill in Georgia.	Pulp, IP
Dec	Canopy's Hot Button Report 2024 was released, with Birla Cellulose, Lenzing and Tangshan Sanyou Chemical Fiber collectively ranked first.	Tangshan Sanyou
	RGE Group's Bracell announced an investment in a new paper pulp mill in Brazil with an annual capacity of 2.8 million tons.	Pulp, Bracell
	China's vortex spinning machines surpassed 4,500 sets, with vortex-spun yarn becoming a mainstream variety.	Rayon yarn

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