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Cotton Price Hovering One Of The Weak Downstream Survival State Survey

2008/4/12 11:42:00 22

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Cotton Prices Fluctuate One Of The Weak Downstream Survival States.

State authoritative statistics show that by the end of 2006, the profit margin of textile enterprises was 3%, compared with 0 at the end of 2007.

62%!

Now the international subprime mortgage crisis is becoming more and more intense, oil prices continue to soar, the RMB exchange rate "broke seven runs to six", a famous textile enterprise in China is known to be dying, and the domestic cotton market price is lingering. In order to find out the reasons and explore countermeasures, the author specially launched a field inspection of several cotton mills in Shandong.

Dezhou Moumou Weaving Co., Ltd.

The company has more than 100 rapier looms, 70% of which are produced, and about 80 workers work, except for the original production of three shifts, the other processes are greatly reduced, and two shifts are reversed, reducing the employment by more than 30%, and the average wage of workers is around 1000.

In order to retain the technical personnel in the sizing process, the enterprise does not hesitate to carry out external processing business so as to increase the income and ensure the wages of the workers.

At present, the company sells generally, the profit is very small, and some orders have no profit or even loss.

Basically, it is in a state of capital preservation and no profit.

The company has a lot of layoffs for non production departments. For example, the director of logistics department should be responsible for electricians, carpenters, pportation, security, kitchen, dormitories, coal, steam and water supply. The work of the 5 people is now wrapped up by him. At the crucial time, he employs other people to work. He has to go out in person and no production cadres.

Two, Wucheng Moumou Textile Co., Ltd.

The company has 50 thousand spindles and 400 types of looms. Currently, 60% spinning frames and 75% looms are produced, and the weaving process, spinning and post spinning processes are kept in three shifts. The rest of the processes are also greatly reduced and the two shifts are reversed. The number of workers has decreased from 680 to 680 before the Spring Festival, and the average wage of the workers is around 900, which belongs to the mid-range level.

At present, the sales channel of the company is relatively smooth, but the profit margin is too low, and the profit of the export products is reduced due to the substantial appreciation of the RMB. Now it is maintaining the capital preservation production and operation. The company has 20 days of cotton inventory.

Three. Xiajin XX Textile Co., Ltd.

The company has 200 sets of cloth machines, 96 units in the production of cloth machines, because of insolvency and restructuring, the production of workers changed from three shifts to two shifts, working hours changed from 8 hours to 12 hours, wages were reduced by 25%, average wages were around 1000 yuan, and now it is also in the capital preservation business.

For a variety of reasons, the cotton textile enterprises in the region have common interests such as small profit preservation, low wages, difficulty in recruiting workers, less than 70% of the starting rate, shortage of funds, and no ability to store cotton, etc., even if they take large scale downsizing and partial downtime. However, under the trend of further appreciation of RMB, under the situation of further reduction of export tax rebates, cotton textile enterprises are speeding up their shuffling and integration in the situation of tight money and rising labor costs.

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