Shima Seiki Releases Data for Several More Knitted Masks

In light of the worldwide shortage of surgical masks due to the continuing spread of COVID-19 coronavirus, Shima Seiki Mfg., Ltd. has released knitting data for nine more versions of knitted masks to be produced on a variety of its computerized knitting machines. These are in addition to the various mask data the company has been releasing since March 19th, bringing the total number of versions of the masks to nineteen. Data released this time consists of cotton masks to be produced on both WholeGarment machines as well as conventional shaping machines. One type of WholeGarment mask data is meant for production on SWG041N2, SWG061N2 and SWG091N2 models, as well

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Major Chinese Cotton Textile Makers Report Losses or Profit Declines in Q1 Due to Coronavirus

The recently disclosed January-March 2020 earnings reports of four Chinese cotton textile manufacturers indicated that their business fell into the red or sharp profit decreases during the quarter, as the impact of the coronavirus delayed the restart of operations after the Chinese New Year holidays. Since the virus has been spreading overseas since March, their business results might worsen further after April. Huafa Fashion Co., Ltd., a major maker of yarn-dyed fabrics, fell into the red with net losses of 15-35 million yuan in the first quarter of this year, as compared with profits of 172 million yuan in the year before. The company suffered from the impact of the

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Coronavirus Reduces Operation Rate of Chinese Textile Machinery Makers

According to the China Textile Machinery Association, the nation’s textile machinery manufacturers suffered drastic declines in sales and net profits during the first quarter of this year, as the coronavirus pandemic reduced their operation rates. Flat knitting machine maker Ningbo Cixing Co., Ltd. fell into the red. The company reported profits of 153 million yuan in the first quarter of 2019 but losses amounting to 733 million yuan this year. Zhejiang Jinggong Technology Co., Ltd., which produces texturing machines, remained in the red with net losses of 15-20 million yuan. Net losses in the first quarter of 2019 amounted to 27.29 million yuan. Jingwei Textile Machinery Co., Ltd., which manufactures

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