Rifil Savinesti's fibre sales falter against Chinese competition
05 Oct '06
1 min read
Textile fibre producer Rifil Savinesti had to offset losses caused by a fire in 2004 and posted a turnover worth 13.7 billion euros in the first six months of the year.
It measured a 12% decrease against the same period of last year.
In domestic and on the foreign market the drop in sales was generated due to unfair competition from China, especially in the European market.
Products originating from China, India, Pakistan and Vietnam on the European market, has restricted thelocal players to produce for export, as they cannot match the prices of their Asian competitors.
marketing@alchempro.com
