The global cellulose diacetate tow market is huge. At present, the total global cellulose diacetate tow production capacity is about 830,000 tons, with a total of 13 major manufacturers, including 6 foreign and 7 domestic. China's cellulose diacetate tow production capacity accounts for about 38% of the global total. In China's cellulose diacetate tow industry, the joint ventures between China National Tobacco Corporation and Celanese Corporation of the United States have performed particularly well. With advanced technology and strong market competitiveness, these joint ventures have an important position in the production capacity of cellulose diacetate tow in China and have become one of the largest domestic companies. This not only reflects the advantages of the Sino-foreign joint venture model in terms of technology and market integration, but also highlights China's important influence in this field.
Nantong Acetate Co., Ltd. (hereinafter referred to as Nantong Fiber Acetate Co., Ltd.) is the earliest, largest and most technologically advanced Sino-US joint venture in China that provides research, manufacturing and services for acetate fiber products. The company was established in 1987. After the construction of Phases I to V, it has developed into a modern, internationalized large-scale industrial enterprise with a total investment of US$903 million, an area of 1,190 acres and 900 employees. Nantong Fiber Acetate Co., Ltd. focuses on the production of cellulose diacetate tow (referred to as tow) and cellulose diacetate sheets (referred to as vinegar sheets), filling two gaps in China's acetate fiber industry. The scale of the company's single plant ranks first in Asia and second in the world.
