Tsudakoma Forecasts 10% Increase in Loom Sales

Tsudakoma Corporation expects that its sales of looms and weaving preparatory equipment in the current fiscal year ending this November are likely to increase by slightly more than 10% over the previous fiscal year to 29 billion yen.

While the company is struggling in exports to China, exports of air-jet looms to India are leading business.

According to a company official, the company’s production of looms in the current fiscal year are moving at a monthly rate of 400-450 looms, and are likely to remain of this level even in the final quarter (September-November) as well. Exports of air-jet looms to India, mainly for weaving fabrics for casual wear, remain strong, and a great portion of the growth this year is attributed to exports to India.

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