In the first quarter of 2022, the economic operation of the textile industry is gradually under pressure!

Since the beginning of this year, in the face of the more complex and severe international environment and the multiple tests brought about by the frequent occurrence of domestic epidemics, the textile industry has fully implemented the decisions and deployments of the Party Central Committee and the State Council, adhered to the general tone of the work of keeping the word at the forefront and seeking progress while maintaining stability, and continued to Deepening transformation and upgrading, focusing on promoting the adjustment of industrial structure, and overcoming the adverse effects of unexpected factors such as the repeated spread of the epidemic, the turbulent international situation, and the high volatility of commodity prices, the economic operation achieved a stable start in the first two months.

However, since March, the domestic epidemic has frequently spread, the industrial chain and supply chain have encountered stuck points, and the domestic and foreign market expectations have weakened. The downward pressure has increased significantly, some operating indicators of the textile industry have fluctuated, and the economic operation has gradually been under pressure.

Dongguan Donghong New Material Co., Ltd. was founded in 1991 and is located in Wentang Brick Kiln Industrial Zone, Dongcheng District, Dongguan City, Guangdong Province. It is a medium-sized enterprise specializing in the production of various PP yarns. It has more than 800 employees. It has 16 PP yarn production lines, forming a production scale with an annual output of 20,000 tons of PP yarn.