Home / Knowledge / News / Textiles / Rising expenses take toll on textile players
Rising expenses take toll on textile players
03
Jul '08
With the rising oil and electricity prices, many textile raw-material manufacturers have no choice but to raise their product quotations significantly.

Honmyue Enterprise Co Ltd, the biggest industrial cloth manufacturer in Taiwan, recently announced hike of 5 to 7 percent in factory price of grey cloth. Meanwhile the factory price of finished cloth will be raised 10 to 15 percent.

Company officials explained that prices of both, the dye and raw materials for spinning, have gone up in the country and has added greatly to the production expenditure.

Besides RMB appreciation and new labor law, many dye-factories in China, including Taiwan funded units, were forced to close down for the 2008 Beijing Olympics. This has shrunk supply of dyes and chemicals and has resulted in considerable price hike.

Sources report that the current price of the black dye in Taiwan has surged from 100 Taiwan Dollar per kilogram to 200 Taiwan Dollars.

Such massive climb in product costs has adversely affecting manufacturers in both China as well as Taiwan.

For instance, this tough scenario has compelled most finished clothes and big staple fibre OE cotton yarns manufacturers in Taiwan to seriously consider decreasing their output by around 20 percent.

Fibre2fashion News Desk - China

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search