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Article: Japan: Increasing air of crisis at dyeing firms

Article from:
Asian Textile Business
Article date:
February 1, 2003
Author:
Copyright

Sluggish market conditions continue in the textile industry. Dyeing firms are no exception and they suffered from the decline in order booking volume.

According to the Japan Textile Finishers' Association (JTFA), the processing volume in January-- October 2002 fell by 5.6% for export and dipped by 11.2% for domestic demand, respectively. The total processing volume showed a double-digit drop of 10.3% to 2.9 billion sq. meters.

Except for Seiren Co., Ltd., three filament-dyeing firms (Komatsu Seiren Co., Ltd., Sakai-Ovex Co., Ltd. and Soko Seiren Co., Ltd.) reported losses for their half-yearly consolidated performance for the interim closing in September 2002. On non-consolidated ...

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