Li Peng Enterprise which makes nylon products, has said that it will become the world’s largest nylon maker after it completes its expansion to increase capacity by 180,000 tonnes of nylon next year. They are adding one more production line, and after the expansion, their capacity will increase to 580,000 tonnes of nylon a year, replacing BASF SE as the world’s largest nylon maker.
Li Peng president Jonathan Lin expects the new production line will contribute to Li Peng’s revenue starting the third quarter next year. Meanwhile, the company is also building a dying and finishing plant in Yangmei, Taoyuan County, enabling it to sell finished fabrics to its clients. Their Japanese clients can purchase fabrics directly from them and ship it to Southeast Asia. Lin forecast that the dying and finishing plant could raise the company’s revenue by NT$10 billion ($340 million) in 2015.
From January through last month, Li Peng posted revenue of NT$19.77 billion, up 0.69 per cent from NT$19.63 billion a year ago, according to the company’s filing to the Taiwan Stock Exchange. During the first six months of the year, the company registered a profit of NT$561.02 million, up from the losses of NT$508.08 million a year ago, when the company suffered from low nylon prices, the filing showed.
