TOKYO — Citing continuing competition from other Asian manufacturers and the ongoing weakness in the Japanese economy, Toyobo Co. said it plans to close three of its six domestic textile mills in June.

The closure of the three mills by Toyobo, one of Japan’s largest textile manufacturers, will reduce its spinning capacity here by 53.7 percent and its weaving capacity by 62.5 percent.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus