Japanese Chemical Fiber Enterprises Pay Close Attention To Cash Flow 2009

The past 2008 has been an unquiet year for Japanese chemical fiber enterprises. It has experienced such events as crude oil boom, slump, consumer downturn, sharp appreciation of the yen and the global financial crisis.

Large scale chemical fiber producers such as Dongli and Di people invariably say that the situation of chemical fiber enterprises will be more severe in 2009, and the economic recovery will take longer.

The general manager of Toyo textile company also said that the recession of the chemical fiber industry should last at least two years, and we should prepare well for the long term winter.

The general manager of the company, the general manager of the company, pointed to the US financial system. The US financial crisis triggered by the subprime mortgage crisis is the main cause of the global economic downturn. The downturn in the automotive industry and the electronics industry is bound to affect the chemical fiber production industry.

Based on the pessimistic forecast of the industry outlook, Japanese chemical fiber enterprises have focused on reducing expenditure and paying attention to cash flow as the focus of 2009.

MITSUBISHI Liyang plans to implement the 10 billion yen scale "cut spending plan" in the next 2 years; and Juni may also stress that "there is no need to expand sales revenue reluctantly";

However, enterprises also indicated that they should continue to invest more in new technologies and new products development, so that they could not "choke off their food for fear of choking".