| Electrical, electronics firms expect to return to 80
"We're hopeful that the industries can experience flat growth, not a decline. The companies that could resume manufacturing were producing at half of the normal rate. 96 billion. If the plants cannot reach the 80-per-cent target, the industries are likely to face a 5-10-per-cent decline in exports this year. Full recovery was expected next quarter. Many of the others are trying harder to begin back up, but the obstacle is the delay in importing new machines to replace the ones damaged by the floods last year. The EEI had forecast exports of electric appliances and electronic products to drop by 5 per cent this year from US$53. Last year, exports of electric appliances increased by 9 per cent to $22. 6 trillion) last year as a result of low output. The acquisition of new machines was also aimed at replacing workers, increasing production efficiency and reducing labour costs. |
Monday, 7 May 2012
Electrical, electronics firms expect to return to 80
