Source: CPRJ China Plastic & Rubber | Author: Jiang Lu | Release date :2014-05-21

 
According to media reports, far, Vietnam has more than 460 anti-Chinese riots in the destruction of the enterprise, 15 factories were set on fire. Meanwhile, the event is also a tremendous negative impact on the plastics industry in Vietnam, Vietnam, said some large suppliers of raw materials reduced operating rates.

It is reported that Taiwans Formosa Plastics plant in Vietnam, the largest loss in the riots, the Formosa Plastics Group has officially announced the cessation of all investment projects in Vietnam, and also suspend plant operating rates of existing plants. Previously, Formosa Industrial Zone, Dong Nai, Vietnam has built a production of BOPP film and polyester fiber plastics factory, its investment over one billion U.S. dollars; And, Formosa Plastics Group intends to spend $ 500 million in the construction of its Dong Nai PS Vietnam a second production plant with a capacity of 200,000 tonnes / year.

In addition, a manufacturer of plastic raw materials from Southeast Asia, said in order to avoid losses due to further deterioration of the situation in Vietnam caused them to prepare some of the cargo transported to other markets.

In addition to foreign-invested enterprises in Vietnam local plastic raw material suppliers operating rate is correspondingly lowered, or directly off the production plant. Among them, the large domestic PS Vietnam Vietnam Polystyrene producers announced the suspension of its production capacity of 50,000 tons / year of PS production line, resulting in the current tight market supply PS Vietnam.

Earlier, according to the "Vietnam Economic Times" news, the situation has improved plastics industry in Vietnam, Vietnam, there are currently more than 1,200 plastic manufacturing enterprises, workers 120,000, in 2013 the GDP of Vietnam plastics industry about $ 1.8 billion, an increase of 13.3 %. But the relevant market analysis, affected by the impact of anti-Chinese unrest, little improvement in Vietnams plastics industry will again be faced with development difficulties.