In recent years, with the rapid development of the domestic polyester industry, only relying on domestic demand has been unable to meet the expansion of polyester supply, polyester industry "going out" is imperative. The Middle East market has gradually become a OEM production base for supplying Europe, and it is also the direction of domestic industrial transfer.

Advantages of building factories abroad

In order to actively respond to the joint construction of the "Belt and Road" initiative, in recent years, many large domestic enterprises have accelerated the market layout along the route.

As one of the world's important polyester production bases, the Middle East region is close to the place of consumption, low labor costs, and has the advantage of breaking trade barriers. Due to its own high-quality resource endowment and demographic dividend, the polyester industry in the Middle East is a two-sided development. The advantages of the Middle East are reflected in the development of oil and gas resources and the downstream textile industry, and the lack of intermediate polyester chemical production links, which is just in line with China's strong polyester production and manufacturing capacity. In recent years, the number of Chinese polyester products exported to the Middle East has gradually increased.

Relevant data show that Egypt has the largest cotton and textile industry cluster in Africa, and its industrial chain covers all aspects of cotton spinning, weaving and clothing processing. The downstream garment processing capacity is relatively strong, and the upstream synthetic fiber manufacturing capacity is weak. Therefore, there is a large demand for raw materials such as polyester chemical fiber in the Egyptian market. In addition to convenient market conditions, Egypt also enjoys investment advantages such as preferential market access from countries and regions such as the European Union and the United Kingdom.

Big companies are going abroad

As a core member of the world's top 500 enterprises, China International Trade Holdings Group, China International Trade Shares actively fulfill the mission of state-owned enterprises, actively participate in and practice the joint construction of the "Belt and Road" initiative, and integrate its own development into the development of global supply chains. In 2023, UAE International Trade Resources Co., Ltd. was inaugurated and established, becoming the "bridgehead" of International Trade shares in the Middle East and North Africa region.

"At present, China International Trade Shares in the Middle East market has been involved in steel, coal, agricultural products, petrochemical and other related fields, this appearance in the Middle East polyester product promotion activities, is the company's international strategy extension concrete performance." Guomao Petrochemical polyester department general manager Hong Weihuang said.

According to the reporter, Guomao Petrochemical main PX, PTA, ethylene glycol, staple fiber, bottle sheet, filament and other products, its polyester supply chain service scope has expanded to Europe, the Middle East, South Asia, North Asia market, the scale of operation ranks the first echelon of the industry.

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