Pacific Textiles Limited, a big name in China knitting textile industry, announced a production bouncing back up to more than 80 percent of its capacity as of February 25, from its 40 percent production level on February 14. It restarted its operations on February 12, reflecting a gradual job return amid on-going tightened efforts to prevent and control the Coronavirus epidemic.
Pacific Textiles Ltd. is a leading manufacturer of customized knitted fabrics in textile industry with its headquarters based in Hong Kong and its production base in Panyu District of Guangzhou, capital city of Guangdong Province, South China, the city is the top GDP producer of China.
Even though government has called for resuming production wherever the conditions are improving in terms of the disease control, lot of efforts are still being done both inside and outside the factories to keep a safe and clean workplace as workers have to travel from various place back to work. The production is resuming, but still full flow would take time, which impacts the company’s performance temporarily. The three-week long pause in production prior to the restart of on-site operation for normal leave during Spring Festival and the shortfall in full-capacity running, together with other uncertain factors in this special period, will roughly cut off 400 -450 million Hong Kong dollars in business income on estimated basis as against the previous production schedule.
It is noticed that in many places, the initial returning rate of operators is somewhere at 20-40 percent, leaving more than half of the job position short of hands due to quarantine measures and traffic flow control. Even if the process of restarting the work has started and reaching up to 80 percent of installed capacities at few places, yet for full-fledged operations , there is still sometime, it seems, that too if the epidemic is fully in control.
Pacific Textiles Ltd. is has an integrated services of knitting, dyeing, printing and finishing with scalable water treatment facility and cogeneration power plant, with annual production capacity of approximately 87million kg and work force of 6500 in production area, covering its production and workforces in Vietnam, Bangladesh and Sri Lanka etc. The company has the full conviction that the plant in Panyu District in Guangzhou will run full throttle soon and its clients orders will be fulfilled, as the situation improves.
Contributed by Mr. ZHAO Hong
He is working for CHINA TEXTILE magazine as Editor-in-Chief in addition to being involved in a plethora of activities for the textile industry. He has worked for the Engineering Institute of Ministry of Textile Industry, and for China National Textile Council and continues to serve the industry in the capacity of Deputy Director of China Textile International Exchange Centre, V. President of China Knitting Industry Association, V. President of China Textile Magazine and its Editor-in-Chief for the English Version, Deputy Director of News Centre of China National Textile and Apparel Council (CNTAC), Deputy Director of International Trade Office, CNTAC, Deputy Director of China Textile Economic Research Centre. He was also elected once ACT Chair of Private Sector Consulting Committee of International Textile and Clothing Bureau (ITCB)
