Toray - Competitors

Toray Competition

Now Viewing Toray's competition in: Textile Manufacturing

Recent Developments

US may Tax Socks Imported from Honduras - The Committee for the Implementation of Textile Agreements (CITA) will apply a textile safeguard on cotton socks imported into the US from Honduras. CITA says that the move is warranted based on a 99 percent increase in imports of cotton socks from Honduras in 2007 compared to 2006. Experts say that textile manufacturers supplying US sock producers may benefit, but textile manufacturers supplying Honduran sock producers may be negatively impacted. Under the safeguard, the US and Honduras will enter into discussions within 60 days, and then the US will have 30 days to determine if it will levy the new tariffs.

Bill may Cut US Textile Trade Deficit with China - Congress and representatives of 25 textile and apparel trade associations back a bill that would discourage currency manipulation by China and other countries that undervalue their currencies, according to <i>Textile World</i>. Experts say that currency manipulation is a main reason that Chinese imports are cheaper than US-made products. The Hunter-Ryan Currency Reform and Fair Trade Act of 2007 would permit injured parties to seek remedies under US countervailing duty laws. The US textile and apparel trade deficit with China reached a record $31.8 billion in 2007.

Upholstered Furniture Flammability Standard Planned - The Consumer Product Safety Commission (CPSC) plans to pursue an upholstered furniture flammability standard. The standard may be best met with "re-engineered" fabrics or layers of fabric that would prevent a fire from reaching the foam padding, the primary fuel supporting an upholstered furniture fire. Textile manufacturers supplying fabric to the furniture industry may need to adjust production methods as a result.

Competitive Landscape

Demand is driven by the domestic apparel industry and consumer demand for home furnishings like carpets, furniture, and curtains. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in production for high-production items. Small companies can compete successfully by producing specialized textiles. The industry has become more automated but is still labor-intensive: average annual revenue per employee is under $170,000.

Full Industry Overview For Textile Manufacturing

Textile Manufacturing Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US textiles and knitting products is forecast to increase at an annual compounded rate of 5.6 percent between 2007 and 2012.

Textile & Knitting Products Manufacturing Growth Recovers

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.