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Dyeing & printing cos to hike prices in June

31
May '08
Taiwan dyeing and printing processing enterprises are seriously considering raising product prices soon.

Industry experts explain that, with the skyrocketing oil and electricity prices, dyeing and printing companies have no other choice but to hike rates by atleast 10 percent, next month. This step has become essential for the enterprises to survive.

Insiders inform that, the expense of energy sources accounts for about 50 percent of the total production cost of Taiwanese printing and dyeing industry. Thus, even minor fluctuation in energy prices affects the sector, significantly.

In February 2006, the oil price was about NT $9700 KL (kilo liter) and in September 2007 it was about NT $14700 per KL. Now, Government has decided to increase the oil price by about NT $5000 per KL.

Many domestic printing and dyeing processing factories expressed concern and stressed that the rise of oil price was making their business difficult, day by day.

Fibre2fashion News Desk - China


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