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Toyo Textile Co., Ltd. And Mitsubishi Commercial Co., Ltd. Jointly Establish Toyo Textile MC Co., Ltd

2024/5/23 12:32:00 0

Mitsubishi Corporation

   In 2006, Toray and UNIQLO entered into a strategic partnership and jointly launched "Heartech", "Ultra Light Down", "KANDO Pants" and other globally popular commodities;
   In 2021, Asahi Huacheng established the Digital Co creation Department, which promotes the use of digital technology across all departments; In 2023, Mitsui Chemicals Asahi Life Materials, a joint venture with Mitsui Chemical Company, was established again to carry out nonwoven business;
   In 2023, Toyo Textile Company and Mitsubishi Commercial Company jointly established Toyo Textile MC Company, which is mainly responsible for functional materials business;
   In addition, Unijik Trading Company, a textile subsidiary of Unijik, has cooperated with Shikibo Company, and the product sales generated by both parties have reached a certain scale; Nissin Holdings and Aoyama Commercial Co., Ltd. have carried out carbon footprint cooperation to jointly promote the shirt recycling project based on avoiding ironing shirts "Apollocott"
   The high price of raw materials and fuels, the devaluation of the yen, etc. have brought about the problem of rising costs. The combined shortage of manpower has shrunk Japan's production base. The industry environment faced by Japan's textile industry is very severe, and a company cannot fully cope with the growing production and sales situation. With the market becoming more and more international, it is indispensable for Japanese textile enterprises to carry out joint development among enterprises such as co creation and cooperation in order to "survive".
   Focusing on co creation and cooperation, innovating the composition of industries
   "Co creation and cooperation are very important to maintain vertical cooperation in the textile industry and carry out price sales in line with the value." Rijue Zhaoguang, president of the Japan Fiber Industry Alliance, said that cooperation with enterprises in different industries has become an indispensable proposition, whether large enterprises or small and medium-sized textile manufacturing enterprises.
   It is very important for Japanese textile enterprises to carry out vertical cooperation and information exchange between industries and enterprises. On the one hand, Japanese textile enterprises rely on high technology and craftsmanship to produce products with both high quality and functionality; On the other hand, enterprises can sell at a price consistent with value, improve production efficiency, strengthen cost competitiveness, and achieve efficiency.
   Fengdao takes the lead in carrying out sustainable development in the industry, continuously promoting sustainable product development and research, and promoting sustainability as one of the high value-added products to customers, so that customers can effectively accept it. When talking about the idea of co creation and cooperation of enterprises in the future, half of the company's president, Feng Dao, said that he wanted to cooperate with different industries, and the specific way of cooperation was not clear, but he believed that there would be various new constitutions after the "collision" between the two sides.
   Hirata Gongcheng, president of Teijin Furuite, said that it would continue to carry out cooperation with enterprises in Beilu producing areas from fiber to fiber recycling, which is also a necessary issue for enterprises to survive. It is difficult to rely on only one company to complete the process from clothing recycling to differentiation and separation into various raw materials, so it is very important to establish a cooperation system. In addition, it is also indispensable to use RFID and other tools for cooperation to realize the visualization of clothing inventory.
   Asahi Huacheng Trading Company is promoting the policy of looking forward to future growth. At present, the foundation has been laid, but it will take time to achieve a leap forward. President Baden Zhengdian said that the company will carry out co creation and cooperation in three aspects: first, cooperate with the parent company Asahi Kasei to develop the added value of Asahi Kasei's materials and expand its market share; The second is to carry out co creation with manufacturing enterprises, constantly improve the supply chain, and ensure stable production; The third is to co create with other chemical fiber manufacturers and material manufacturers, integrate their respective advantages, jointly invest and establish new outlets.
   At this stage, cooperation across the limitations of enterprises is very necessary. For this reason, Keli Group carries out the Innovation Networking Center (INC) to promote innovation both inside and outside the company, links the internal and external resources of the company with the INC as the center, sustainably promotes innovation, and brings the ideas that go deep into the market to cooperation and development. Takeshi Yamada, president of Keli Trade, said that the company had reformed its business structure and changed to the downstream of the industry. In the face of weak textile material research and development, it needs to cooperate with textile material enterprises, processing plants, and garment manufacturers with strong supply chains. Of course, it is also important to carry out horizontal cooperation with enterprises in different fields.
   Unijik Trading is also promoting cooperation with Shikibo. President Jiu Neikexiu said that cooperation with enterprises with production function can realize the whole industry chain cooperation from sales, technology and production, and can give play to their respective advantages, material development, processing technology, etc., to trigger innovation and increase new added value. At present, we will make full use of our own factories in Japan to promote the development of long and short composite yarns using our two-component polyester long fiber "Z-10" in Shikibo's Toyama factory.
   The performance of fiscal year 2023 "comes out", "several happy and several sad"
   In April this year, Japanese enterprises entered the new fiscal year. What was the performance of Japanese textile enterprises in the past 2023 fiscal year? What are the topics and strategies of FY2024?
   In 2023, Fengdao Company established a new overseas sales promotion office to expand exports and build a bridge for trade between the three countries. Fengdao Banqi said that the company took the promotion room as the axis to expand overseas sales of yarn and fabric, and studied the market and consumer demand through participating in overseas exhibitions, so as to apply it to future research and development.
   Turning to the performance of fiscal year 2023, half seven of Toyoda said that due to the large fluctuation of the market, the futures trading of cotton was restricted. Affected by this, the expected revenue and profit of the material department were reduced, and it was expected that the revenue would be reduced by 20 billion yen; The sales of yarn and fabric are also very difficult, and the domestic market in Japan is also sluggish. It is expected that the overall sales of the company will decrease, and the profit is not clear at this stage.
   Due to the rising cost of raw materials and fuels, not only the price of dissolved wood pulp and other major raw materials, but also the price of caustic soda and other auxiliary materials has risen, which has depressed profits, Although Daiwabo Rayon's sales remained at the level of 10 billion yen, its operating profit decreased significantly. President Zhuang Ye Rongzuo said that the decrease in exports of fire resistant rayon staple fiber "FR CORONA" to the United States last July had a great impact. Due to the use of mattresses as the main force, it is affected by the decrease in the number of residential construction units in the United States, and the intensification of competition with Chinese products is also one of the reasons.
   Eight God Canon said that the consolidated financial report showed a slight increase in revenue and profit compared with the previous fiscal year. Both revenue and profit of textile industry increased; The sales of sportswear in Japan and abroad are smooth, and the sales in Thailand and Shanghai, China have driven the growth of performance; Vietnam's airbag sewing subsidiary also achieved good performance; The growth of underwear field and American subsidiaries was sluggish. In general, the overall performance did not meet the goals set forth in the company's medium-term business plan. In fiscal year 2024 (up to March 2025), in order to meet the needs of airbag manufacturers, Asahi Kasei Trading will set up an Indian factory for airbag packaging materials, which is expected to be put into production in April 2025.
   In fiscal year 2023, the operating profit of Diren Furuite increased by 20% compared with the previous fiscal year. Hirata said that the sales volume was 320 billion yen and the operating profit was 12 billion yen (the figure of Teijin's textile and product categories). Thanks to fewer negative factors, the sales of clothing products were smooth and the price transfer was also smooth. It is worth mentioning that the company's industrial materials have expanded and are moving to the next stage.
   There is no major change in the basic policy in fiscal year 2024, and the company will further improve its profitability and devote itself to building a next-generation fabric production network - the Thai subsidiary. Yasunari Dihirata said that cooperation with international garment manufacturers should be strengthened; Continue to deepen the cause of Smart Sensing; Industrial materials will respond to the expansion of mobility related and water treatment membrane markets, and cultivate the next generation of fabric production outlets; Nantong Teiren Company, a subsidiary of China, produces and sells knitted and woven fabrics centering on polyester long fibers; Nantong Teiren Company, by virtue of quality management and delivery time response, gives full play to its advantages to expand domestic sales and exports in China.
   Toyo Textile also realized operating profit and gained from structural reform. President Qingshui Rongyi pointed out that this benefited from the company's special spinning technology, and actively carried out cooperation with downstream industries to build a strong value chain. On the one hand, we reduced part of the OEM of sportswear products and conventional fabrics used for tooling and other low margin goods, implemented price adjustment, and reorganized the handicraft factory, improving profitability; On the other hand, the knitting trend of student clothes has promoted sales, and the sales of fabrics used for exporting ethnic clothing to the Middle East have continued to be strong.
   "Realized operating profit. For the company, the 2024 fiscal year has reached the real starting line." Qingshui Rongyi said that in the 2024 fiscal year, he will focus on student clothes, export fabrics, professional clothes and materials that can stabilize the income business, and sportswear that needs to be improved. In addition, it will also invest in Zhuangchuan Factory (Sheshui City, Fushan County), strengthen dyeing processing equipment, promote energy conservation, further improve the competitiveness of enterprises, and unify the sewing subsidiary Toyo Knit Company (Siri City, Sanchong County) to achieve the integration of production and marketing, and improve the production and research and development mechanism.
   Deeply cultivate sustainability and build new industrial value
   Low carbon emission reduction and sustainable development have long become the global consensus. As an important part of the global manufacturing industry, textile industry enterprises need to adopt more environmentally friendly and sustainable production methods to reduce the impact on the environment. How can Japanese textile enterprises in the new fiscal year deepen sustainable development and empower consumers to practice "green life"?
   "If you want to become an enterprise that is still needed after a hundred years, you must continue to create new value." Gyuneksu stressed that last year, enterprises developed and utilized the multi-layer structure yarn of kapok fiber, and planned to start the recycling of fiber to fiber. In fiscal year 2024, they will focus on promoting the development and sales of sustainable materials, functional materials, and expanding overseas markets.
   Fengdao Company has carried out the exploration and practice of sustainable development for a longer time. In order to maintain its leading position, it will also be committed to developing innovative sustainable products in the future. Fengdao Banqi said that the company has a number of sustainable products, refined cellulose fiber "TENCEL" has 35 years of sales history, "ORGANITS" can prevent soil pollution such as fertilizer, "FOODTEXTILE" is to reuse residual food... In recent years, it has also realized the recycling of PET bottles floating to the coast "UpDRIFT" and the "WAMEGURI" of waste textile products Industrial production.
   Toyo Textile will also expand its sustainable fiber market share. The chemical regeneration nylon fiber in the way of mass balance determines the discussion on the use of high-density fabrics in Europe; In terms of yarn, the demand for regenerated cotton yarn with new fiber splitting technology has increased; For professional clothes and student clothes, pre consumer materials such as leftovers produced by the factory are used to create a recycling production system.
   Daiwabo Rayon actively carries out environmental protection efforts, including SDGs, and cooperates with the synthetic fiber business headquarters and wood pulp manufacturers of Dahe Textile Co., Ltd. to try to popularize the rayon staple fibers that realize environmental protection and functionality. Zhuang Ye Rongzuo said that in the 2024 fiscal year, the enterprise will regroup and develop new uses of fireproof rayon staple fiber; Increase the antibacterial and other functions of flame retardant rayon staple fiber to promote sustainable development; Expand the sales of ultra short fibers used for wet non-woven fabrics; For dry non-woven fabrics, it is committed to promoting the use of recycled rayon staple fibers such as "Recovis", which is recycled from cotton products to wood pulp. In addition, the upgrading of plants with decarbonization as the axis and the combination with renewable energy are key projects.
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