Home / All / Exhibition news / Taiwan’s textile, electronics, cycle firms mull China exit13
French Textile Tecnology - UCMTF

Taiwan’s textile, electronics, cycle firms mull China exit13

Taiwanese companies are thinking of moving manufacturing operations out of China due to the escalating trade war of the latter with the United States. The most likely to relocate are firms in the textile, electronics and bicycle industries, which export products to the United States, a survey by the country’s Industrial Development Bureau (IDB) has found.

The trade war would have a minimal effect on Taiwan’s petrochemical, steel and aluminum, and machinery manufacturers, which supply products mainly to China’s domestic markets, a Taiwanese news agency report citing the IDB survey.

The country’s textile industry, which has factories in Southeast Asia as well, is expected to ramp up production in that region, while the electronics and bicycle industries could move operations back to Taiwan, according to the survey.

A few electronics and bicycle manufacturers have restarted their factories in Taiwan, while some others are waiting and watching. (DS)

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

Check Also

CHIC 2019 to feature 698 exhibitors from 10 countries

CHIC 2019 to feature 698 exhibitors from 10 countries

CHIC 2019, China International Fashion Fair’s fall event, to be held from September 25-27, will …

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected!!