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Unitika to Withdraw from Textile Business

Unitika to Withdraw from Textile Business

   Tokyo, Nov. 28 (Jiji Press)--Japanese textile and chemical maker Unitika Ltd. will withdraw from the textile business, informed sources said Thursday.
   Although the textile business is Unitika's original business, it has been incurring operating losses due to intensifying market competition. The company aims to swiftly rebuild itself through the withdrawal.

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AFP-JIJI PRESS NEWS JOURNAL


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