The currency exchange rate has depreciated sharply and textile foreign trade is threatened again

Recently, the exchange rate of the Japanese yen has fluctuated and fallen sharply, which has put the Japanese economy under obvious pressure. In addition to the Japanese yen, the exchange rate of many Asian national currencies against the US dollar has also fallen to varying degrees this year. The Japanese Economic News recently reported that many Asian countries remain vigilant against the depreciation of their currencies caused by the appreciation of the US dollar and have launched a currency defense war. According to the Nikkei report, this year, as of May 1, the Japanese yen, Thai baht, South Korean won, Indonesian rupiah, Philippine peso and Malaysian ringgit and other Asian national currencies against the US dollar exchange rates have fallen to varying degrees.

Compared with the beginning of the year, the Japanese yen fell about 9 percent against the dollar, the Korean won fell more than 6 percent, and the Indonesian rupiah fell more than 5 percent.

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Zibo Fangchen Machinery Technology Co., Ltd. was established in 2003. It is a chemical fiber experimental equipment manufacturer integrating scientific research, technology development and equipment manufacturing. It is located in Linzi District, Zibo City, Shandong Province. For 20 years, it has focused on the research, development, design and manufacturing of synthetic fiber filament, nonwovens and other experimental equipment. It provides scientific research equipment to more than 60 universities at home and abroad, and exported to more than 30 countries including the United States, Russia, Germany, Turkey, South Africa, Japan, South Korea, Brazil, India, Vietnam, Thailand, Indonesia and Saudi Arabia.

In recent years, through research on degradable materials, the company has successfully developed PGA, PLA medical surgical suture spinning equipment, and non-woven experimental equipment for new materials such as PLA and PBAT.

The company adheres to the principle of "providing customers with high-quality products and services, actively innovating to meet customer needs", and carries out extensive cooperation with domestic and foreign customers to achieve mutual benefit and win-win, and create a better future together!

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Zibo Fangchen Machinery Technology Co., Ltd. Professional production and sales：Lab bicomponent spinning machine ,Lab POY-FDY-BCF spinning machine ， Lab nonwoven machine , Lab SMS machine , Lab filter performance tester，Small spinning machine。