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Preparation for Olympics hits dyeing & printing industry
17
Jun '08
Preparing the country for the 2008 Beijing Olympic Games, Government of China has started focusing on the aspects of environmental protection.

As a part of this plan, the Government has set about halting production and closing down factories. This has had a deadening effect on Chinese domestic market which cannot supply enough dyeing and printing raw materials causing the prices to go high.

In fact, even the Taiwan dyeing and printing enterprises have been severely impacted while making purchases on these raw materials.

As many as 1000 dyeing and printing factories have been shut down in Zhejiang Province while many others in Hebei, Henan and Shandong Province have been asked to stop production till the 2008 Beijing Olympic Games.

Currently, prices of disperse dyestuffs have increased by over 3 times and if the situation does not come under control, the Taiwan dyeing and printing industry is also likely to get affected in a big way.

On the other hand, the output of disperse dyestuff in China has reached 250,000 tons accounting for over 95 percent of the total global demand.

Fibre2fashion News Desk - China

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