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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

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