How to Go Against the Current in the Chemical Fiber Industry for Customized Workwear Fabrics
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The custom-made work clothes industry is still sluggish, but the chemical fiber industry related to it has released signals of accelerated industry upgrading, with many excellent varieties such as polyester industrial yarn and spandex emerging.
According to reports: What will be the performance of the chemical fiber sub industry? This starts with the performance of various enterprises last year. This report summarizes the operational dynamics of listed companies in industries such as polyester, polyester industrial silk, nylon, viscose, and spandex, in order to reflect on the next development direction of the entire chemical fiber industry.
In addition, under the same business, some companies have been thriving, while others have submitted transcripts of significantly declining performance. Although the industry situation of multiple sub varieties has not yet recovered, it can be seen from the company's financial statements that some companies are not experiencing problems with their main business, but have suffered heavy losses when using financial tools, such as operating PTA futures, while some export-oriented companies have reacted too slowly to exchange rate changes, leading to increased losses; Some companies enter the real estate industry at the wrong time, causing damage to their profits and dragging down overall performance.
Overall, the production capacity invested in earlier stages became a headache for many companies in the past year. Perhaps due to the large market demand and the unique characteristics of the chemical fiber industry, it may be easier and more economical to build new production capacity than mergers and acquisitions. However, in the current era of slowing market demand and excessive production capacity, expanding through acquisitions may be a better way. However, companies also need to make acquisitions based on their own development plans, expand their industrial chain, or enrich their products.
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