Home / Knowledge / News / Textiles / Brazil's Vicuna Textil announces closure of VSF unit
Brazil's Vicuna Textil announces closure of VSF unit
29
Aug '13
Vicuna Textil has announced the shutdown of its viscose staple fibre (VSF) unit located in American Metropolitan Region of Campinas in Sao Paulo state of Brazil.
 
The company has communicated the decision to about 300 workers who are likely to lose their jobs, gradually over a period of one year.
 
The Vicuna unit in Campinas is the only textile mill still producing viscose yarn in Brazil, as several companies producing viscose fibre and yarn have already closed down.
 
The import of low-priced viscose from China is the main reason behind the closure of these mills, which failed to withstand the competition. According to data, Brazil’s viscose yarn imports have doubled since 2008.
 
Vicuna would, however, keep its cotton linter pulp division running at its Campinas plant.
 
The closure of Vicuna’s VSF unit could make viscose more expensive, as importers may increase their profit margin, according to the Union of Textile Industries of Rio Grande do Sul.
 
The VSF unit operated since 1949 and was acquired by Vicuna group in 1982.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X