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Pacific Textiles's Vietnam Plant Resumes 70% Production, Repairs, Replacements Underway
China Cotton: It is expected that cotton prices will remain in a volatile consolidation.
The China Cotton Information Center released last week's China cotton market weekly report, indicating that international cotton prices have risen in the past week, while domestic cotton prices have been volatile. The new cotton harvest and delivery in the country is faster than the same period last year, with cotton farmers actively selling and processing enterprises maintaining a stable and robust overall operation style. Under the dual influence of cost and supply, the domestic new cotton prices have stabilized recently. With the off-season approaching, most textile enterprises continue to adopt a strategy of procurement as needed, reducing the operating rate slightly, and the abundant upstream supply and continued weak downstream demand situation has not changed temporarily. As the US election enters a crucial stage, the possibility of turbulence in the international financial markets may increase, but the decline in cotton prices since October has been largely.
pacifictextiles (01382.HK) plans to hold a board of directors meeting on November 21 to approve the mid-term performance.
Glorymeetings announced on October 18th pacifictextiles (01382.HK) that the company's board of directors will hold a meeting on November 21, 2024 (Thursday) to approve the unaudited mid-year performance of the company and its subsidiaries for the six months ending September 30, 2024, as well as to consider declaring and paying interim dividends (if any).
PACIFICTEXTILES: DATE OF BOARD MEETING
Pacific Textiles' Production Likely to Fall Following Impact of Super Typhoon Yagi in Vietnam
pacifictextiles (01382): The temporary suspension of production at the Haiyang factory in Vietnam is estimated to last for about four weeks
pacifictextiles (01382) announced that due to the impact of the super typhoon Capricorn on September 7, 2024, the factory in Liwu Commune, Thanh Hoa Province, Vietnam, has temporarily suspended production due to business interruption and damage to production facilities and inventory.
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