Home / Knowledge / News / Textiles / Hemp manufacturing sector able to beat slowdown
Hemp manufacturing sector able to beat slowdown
29
Jul '09
According to the National Bureau of Statistics, in the period January to May, China had 440 large hemp textiles and hemp product manufacturers, down 1.79 percent year-on-year, of which 96 were loss making concerns.

Hemp textile and hemp product manufacturing companies achieved a total income of 10.40 billion Yuan, an increase of 7.59 percent year-on-year in the same period.

Among them, main business income of hemp textile enterprises scored 8.72 billion Yuan, up 8 percent, while main business income of hemp product manufacturers fetched 1.67 billion Yuan, an increase of 5.49 percent.

The entire industry realized total profits of 326 million Yuan, a reduction of 28.36 percent year-on-year, of which hemp textile enterprises produced profits of 199 million Yuan, an increase of 5.43 percent; hemp product manufacturers produced profits of 128 million Yuan, a reduction of 52.20 percent year-on-year.

Total liabilities of the entire industry came to 12.45 billion Yuan, an increase of 0.76 percent year-on-year; among them, total liabilities of hemp textile enterprises marked 11.31 billion Yuan, an increase of 2.38 percent; total liabilities of hemp product manufacturers indicated 1.146 billion Yuan, a reduction of 12.84 percent year-on-year.

Export delivery value of the industry achieved 845 million Yuan, a reduction of 14.46 percent year-on-year. Among them, export delivery value of hemp textile enterprises was 792 million Yuan, a reduction of 9.68 percent; export delivery value of hemp product manufacturers was 52 million Yuan, a reduction of 52.61 percent year-on-year.

Total employees of the industry were 109,300, a reduction of 11.05 percent year-on-year; of which, 96,900 employees were in hemp textile enterprises, a reduction of 11.10 percent year-on-year, while 12,400 people were employed in hemp product manufacturing enterprises, a reduction of 10.68 percent year-on-year.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X