Textile companies are “confused in black and white” and their production capacity is severely compressed
Textile enterprises are “confused in black and white” and their production capacity is severely compressed
The 2008 Beijing Olympics is in full swing. In order to ensure air quality, electricity consumption and other requirements during the Olympics, residents and businesses in some areas of the country have made sacrifices for the smooth progress of the Olympics. Affected by multiple factors such as the skyrocketing price of thermal coal, power plants struggling to make ends meet, increased electricity consumption in summer, and the Olympic sailing competition, Shandong is a province suffering from power shortages this year. Some local companies have made great sacrifices to ensure the use of electricity in key departments.
“We basically work at night and rest during the day, and the electricity we use during the day depends on the load given by the power supply bureau.” said the relevant person in charge of a textile company in Shandong. “Under normal circumstances, the machines run 24 hours a day and three shifts. Now they often run only one or two shifts a day. Of course, the cotton consumption must be reduced. In terms of cotton consumption, thousands of tons of cotton were used a month in the past. Now, 500 tons is enough.”
“Many companies around us start work at 11 p.m., finish get off work at 7 a.m., and do not rest on weekends. Fortunately, our factory is a key unit in the county, so power consumption is not affected and production is still normal.” Related to a small textile company in Shandong Introduction by the person in charge.
It is understood that due to the general compression of production capacity of textile enterprises and the reduction of demand for cotton, and the financial situation has not improved, many are bearish on the future trend of cotton prices and insist on buying raw materials as they are used. Za8Boc
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