Nitori Holdings Setting Up Textile Factories in Vietnam

Nitori Holdings Co., Ltd. will set up factories for weaving, dyeing and the production of sewn products in Vietnam to set out on producing their own products such as curtains and bedding. The factories are scheduled to be completed by August 2020. Akio Nitori, Chairman and CEO of Nitori Holdings, says, “By newly advancing into the manufacturing sector, we will be able to achieve success with a comprehensive setup ranging from manufacturing to distribution and retailing.” The company also examined plans for a spinning mill, but it would be difficult with a scale of 1,000 stores in 2020. It hopes to examine plans for a spinning mill again when a

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Japanese Polyester Production Drops in November

According to the Japan Chemical Fibers Association, the nation’s production of man-made fibers in November 2017 decreased by 3.3% compared to the same month in 2016 to 70,958 tons, of which synthetic fibers declined by 0.5% to 56,647 tons. The production of polyester staple fiber and polyester filament decreased sharply: PSF, 5,688 tons (down 19.4%) and PF, 9,594 tons (down 10.6). Nylon filament production was strong with a 16.0% growth to 7,929 tons. Polypropylene staple fiber production also continued to head upward (up 3.5% to 5,576 tons).

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Japanese Textile Exports to Vietnam Remain Vigorous

Japanese textile and apparel exports during January-October 2017, as compiled by the Japan Textiles Exporters Association based on Ministry of Finance trade statistics, decreased by 2% year-on-year to US$6,160.20 million. Exports to East Asia declined by 2% to US$5,471.28 million, of which those to China were down 5% to US$2,356.17 million, accounting for about 30% of the total export value. Exports to Vietnam continued to be strong with a 12% growth to US$886.78 million (12% share). Exports to the EU decreased by 5% to US$806.56 million (11% share), and those to North America declined by 5% to US$621.50 million (8% share). By item, exports of nylon filament yarn remained strong

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