Home / Taiwan Business
Wed, May 23, 2001 - Page 18　News List

Tuntex, Hualon struggle amid textile slump

CHANGE The former powerhouses of Taiwan's economy have been brought to their knees by rising labor costs. The two are fighting off creditors in and out of the courts

BLOOMBERG , TAIPEI

Loans under the finance ministry relief program are accounted as "under surveillance" by the central bank.

Hualon reported a loss of NT$4 billion last year, compared with NT$231 million in 1999. The company said it lost NT$599 million in the first three months of 2001.

This story has been viewed 3780 times.
TOP top