Apparel / Textiles & Accessories

Outbreak of infection in Chinese textile factory: 10 people have been quarantined!

According to reports from Italy's "Evening Post", Tgcom24 website, and "Republic", yesterday, WHO Director-General Tedros Tedros said at the 74th World Health Assembly that although the currently emerging mutated virus has not yet constituted the use of new crown vaccines, etc. A real threat, but there is no guarantee that it will always be so. Certain changes in the future may invalidate the current anti-epidemic tools, allowing us to "return to the original point." He also pointed out that at least 115,000 medical workers worldwide have died of the new crown virus.

Tan Desai believes that the world is still in a very dangerous situation today, "No matter whether the vaccination rate is high or low, no country can think that it has been out of trouble." In particular, it is necessary to pay attention to the confirmed cases of new crown reported so far in 2021. The number exceeds the number of cases reported in 2020. According to current trends, in the next three weeks, the number of deaths from the new crown this year will exceed the number of deaths throughout the year last year.

WHO official website

In Italy, where the epidemic seems to have slowed down, a small-scale infection broke out in a Chinese textile factory near Ascoli Piceno in the Marche region.

Photo: marchingol.it

The Marchingol website of Italy reported that the local health bureau has taken emergency measures to prevent the epidemic, and 10 Chinese, including the infected and their families, have been quarantined.

Fortunately, at present, the spread of the virus has not yet spread outside the textile mills. Thanks to the vaccination campaign, the number of infections in the province is now declining.

The textile industry giant announced again: stoppage!

The epidemic situation in India continues to be severe, with the total number of deaths from the epidemic exceeding 300,000. On May 24, Winterthur announced again that it will continue to extend the shutdown until May 30. Winterthur’s current Indian production line accounts for more than 20% of the total production capacity, and other overseas factories will support the shutdown period.

The new crown pneumonia epidemic in India has not yet been controlled. Nike's main shoe manufacturer Winterthur (9910-TW) has suspended operations in three factories in India for 10 working days from May 12th.

On May 24, Winterthur announced again:

In order to meet the local government's epidemic prevention requirements, the shutdown will continue to be extended to May 30. Winterthur currently accounts for more than 20% of the total production capacity in India. During the shutdown period, other overseas factories will support it.

Winterthur pointed out that the Indian factory mainly produces simple shoes.

This year, Winterthur originally planned to increase production capacity by 7-10% in overseas factories including India. The director of Winterthur pointed out that the related expansion projects in India have not stopped at present.

Winterthur's net profit after tax in the first quarter of 2021 was 1.64 billion yuan, a quarterly increase of 35.54%, an annual increase of 28.9%, and a net profit per share of 1.86 yuan.

Winterthur is the main foundry for Nike shoes. Last year, its net profit after tax was 4.879 billion yuan, a year-on-year decrease of 21.7%, and its net profit per share was 5.53 yuan. Last year's earnings per share were planned to be distributed in cash dividends of 3.7 yuan.

Due to the spread of the epidemic in Taiwan, all shareholders' meetings of listed companies have been postponed. The director of Winterthur pointed out that the ex-dividend date can be determined after the shareholders' meeting passes the dividend proposal. However, the exact date for postponing the meeting has not been decided yet.

The epidemic in India continues to be severe, and the total number of deaths from the epidemic exceeds 300,000

On the 24th, India stated that the cumulative number of people who have died of COVID-19 has exceeded 300,000, making it the third country to reach this threshold after the United States and Brazil. This wave of epidemics has also overwhelmed India’s medical care system. .

According to data from the Ministry of Health of India on the 25th, India has newly confirmed 19,427 cases compared with the previous day, with a total of 26,948,874 confirmed cases; 3,511 new deaths and a total of 307,231 deaths.

Many experts believe that the actual number of deaths will be much higher, especially when the epidemic spreads from big cities to rural areas where most of the 1.3 billion people live, medical facilities and record management in these areas are relatively backward.

This wave of epidemic not only caused hospitals to be overwhelmed by patients, but also caused severe shortages of oxygen and key medicines.

Heartbreaking photos also appeared in India, with long lines waiting for funerals and temporary cremations in crematoriums and cemeteries.

The epidemic dampened manufacturing in India, and orders returned to China! Expert: Foreign companies are afraid to leave

The epidemic in India has run out of control and has become one of the world's hardest-hit areas. Many Taiwanese factories and multinational companies' factories in India have been forced to suspend operations.

Originally, when the global supply chain was gone, India was expected to become the "world factory." However, under the turmoil of the epidemic, multinational companies have transferred their orders back to China.

A part-time lecturer at New York University and a Chinese management consultant believes that if the epidemic in India does not improve before the summer, some large companies may withdraw from India.