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    Gas Price Increases Pakistan Textile Production Cost By 15-20%

    2008/7/3 0:00:00 67

    The recent rise in gas prices in Pakistan has led to an increase in the cost of the textile industry by 15-20%.

    Most textile companies maintain production through their own power plants, and the main production data of their own power plants are gas.

    The evaluation report shows that the proportion of gas in total fuel and energy in textile enterprises is 65-70%.

    Analysts predict that the increase in gas prices will have a negative impact on production costs, and then seriously affect the profits of textile enterprises.

    The profits of textile enterprises have shrunk, and now they may be squeezed further, and the profit margins will decline in the future.

    Although the sharp rise in gas prices will have different effects on the textile industry chain, the industry that suffers the most is the spinning industry, weaving industry and high value-added garment industry.


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