(Update) Unitika Announces Withdrawal from Textile Biz in Turnaround Plan
Osaka, Nov. 28 (Jiji Press)--Japan's Unitika Ltd. said Thursday that it will withdraw from the textile business, as part of turnaround efforts with the support of public-private fund Regional Economy Vitalization Corp. of Japan, or REVIC.
Unitika's textile division has been struggling in recent years due to intensifying competition with Chinese and other rivals.
(2024/11/28-22:11)
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