News

Volume down 30% at China’s biggest cotton yarn producer

18/03/2013

China’s largest cotton producer, Weiqiao Textile, saw nearly a 30% decline in volume of cotton yarn produced last year, which it blames on the rising price of cotton domestically, sluggish demand and competition from Asia. For the year ending December 31, 2012, revenue was RMB 15.2 billion ($2.4 billion), similar to 2011's figure. Gross profit...

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