Current Status & Structural Readjustment of Korea Chemical Fiber Industry

Transcription

1 Current Status & Structural Readjustment of Korea Chemical Fiber Industry Young-Kie Ahn,, Chairman

2 Contents Overview Current Status Structural Readjustment Development Measures Conclusion Slide 2/17

3 Overview % Major Indicators % BilUS$ Total Export Textile Export GDP -9 Private Consumption -12 Investment(Right) -15 '97 '00 '03 '06 1H Data : BOK, KOTIS Slide 3/ '97 '00 '03 '06 1H

4 Current Status of Korea Chemical Fiber Industry 1. Production Capacity of Chemical Fiber 000 MT 3,000 2,500 ASF 150 NF 295 ASF %/year decreased 2,000 1,500 PSF 830 NF 222 PSF 608 ASF 58 NF 221 PSF 608 ASF 58 NF 221 PSF 608 1, ,701 1,338 1,138 1,105 - '00 '04 '05 '06(p) Slide 4/17

5 Current Status of Korea Chemical Fiber Industry 2. Production of Chemical Fiber (p) NF 292 ASF 119 PSF 731 1, %/year decreased NF 170 PSF 530 ASF ASF 95 NF 175 PSF Slide 5/17

6 Current Status of Korea Chemical Fiber Industry 000 MT 2,400 2,000 1,600 1, Shipment of Chemical Fibers '03 '04 '05 '06(p) Shipment of all Items is decreasing PSF NF ASF Total Slide 6/17

7 Current Status of Korea Chemical Fiber Industry Mil. US$ 2,500 2,000 1,500 1, ,000 1,200 Data : KOTIS 3. Chemical Fibers Export / Import (Value) ASF NF PSF PSF NF ASF Viscose Acetate Spandex Spandex (p) Export Decreasing Increasing Import Slide 7/17

8 Current Status of Korea Chemical Fiber Industry 4. Chemical Fiber Export by Region (Value) Middle East EU America (p) Asia Export to Asia decreased Middle East EU America Asia Middle East EU 2005 Asia America Data : KOTIS Slide 8/17

9 Current Status of Korea Chemical Fiber Industry 000 MT 1,600 1,400 1,200 1, Chemical Fibers Export / Import (Quantity) Data : KOTIS ASF NF PSF PSF NF ASF Spandex Viscose Acetate Spandex (p) Export Decreasing Increasing Import Slide 9/17 Data : KOTIS

10 Current Status of Korea Chemical Fiber Industry Middle East America EU 6. Chemical Fiber Import by Region (Value) (p) Asia Import from EU increased America Middle East EU Asia 2005 Middle East EU America Asia Data : KOTIS Slide 10/17

11 Structural Readjustment 1. Changes of Structural Reform - Production capacity increased strongly until mid- 90s - Structural reforms became the chance to be a global company as a result of overcoming the foreign current crisis in 97 - After a large scale structural reforms, companies are continuously pursuing 00 vs 05 Change Rate < Index of Korea Chemical Fiber Industry > Capacity 32.2% Production 37.0% Number of company 25.0% Employees 68.0% Slide 11/17

12 Structural Readjustment 2. Overseas Investment Country China Indonesia Thailand Number of Company Items Spandex, Tire cord, Airbag, /PSF etc. Nylon Tire cord 3. Selection and Expansion of business strategy - IT, Electrical, Environmental Materials (LCD, EL Film etc.) - New materials of Chemical Fiber (Aramid, PLA, PTT, dyable PP) - New composite & applied materials (Multi functional fiber etc.) Slide 12/17

13 Development Measures of Chemical Fiber Industry 1. Policy and Strategies for Textile Industries - Industrial Innovation Strategies for 2015 ᆞPreparing for production base of Industrial Fibers ᆞEstablishing IT environment for Textiles & Clothing Industries ᆞStrengthening competitiveness of Design and Brand ᆞInnovation of production structure for Textiles & Clothing - Strategy for Structural Innovation of Textile Industries - Framing the Roadmap of Textile technology Slide 13/17

14 Development Measures of Chemical Fiber Industry 2. Reengineering of Chemical fiber production structure < Directions for Restructuring > - Development / Production of differentiated products - Remove uncompetitive facilities - Cutting expenses & Raising efficiency of production - Focus on non-apparel business Slide 14/17

15 Development Measures of Chemical Fiber Industry 3. Developing Technology - Technology & Products by Selection & Concentration - New materials for profitability with IT, BT, ET, NT 4. Reinforcement of Global Marketing Strategy - Enhancement of Brand & Design - More participation of International Exhibition - Active responded to trade changes Slide 15/17

16 Conclusion 1. Factors of Aggravating Business Environment - Continuing global imbalance between Demand & Supply - Lower profitability due to production cost upward - Intensified trade restriction by fierce competition 2. Market situation is changing - Free trade through pursuit of FTAs - Creating new demand & seeking niche markets 3. Strengthening competitiveness - Developing high-value value-added added products - Continuing structural reform - Intensifying R & D for core business sector Slide 16/17

17 T h a n k y o u! Slide 17/17