Strong earthquakes in Japan affect rattan companies

Affected by the strong earthquakes and tsunami in Japan, since March, a number of rattan companies exporting to Japan in Duan’an Yao Autonomous County have experienced a sharp reduction in their orders, with a reduction of 30%. In addition, the reporter learned that most rattan companies and Japanese companies settled in U.S. dollars, and Japan’s massive sell-off of U.S. dollars exacerbated the continued depreciation of the U.S. dollar, resulting in further shrinking profits of rattan companies.

Japan orders reduced by 30%

It is understood that the rattan companies in Duan County are mainly concentrated in Di Su Township. Township government staff introduced that last year, the township rattan companies mainly exported to Europe and the United States, exports to Japan less, exports amounted to 30 million yuan.

The reporter visited a number of rattan companies and learned that compared with European and American countries, Japan has stricter requirements for rattan products, so fewer rattan companies export to Japan, and most of these companies do not directly export to Japan but through foreign companies. Export.

Duan Mack Weaving Technology Co., Ltd. is one of the largest rattan companies in the county that export to Japan. According to the person in charge of the company, Mo Jiazhu, his company mainly produces rattan products such as bamboo hats and hats, and 70% of its products are sold in Japan, with sales of more than 4 million yuan, of which 30% to 40% of the products are sold in Sendai, Fukushima earthquake area. In March of last year, the company had already received many orders, but since March this year, it has not received any orders, so that after the company finished the shipment on April 10, it would have to face the situation of stoppages. This has never happened before. .

Mo Jiazhu said that after the earthquake in Japan, orders had dropped by 30%, and the current loss was at least 400,000 yuan. Other effects are still uncertain.

In Duan Anyang Fidelity Craft Factory, Japanese orders also accounted for a large part of the factory's trade volume, totaling about 1.5 million yuan each year. The person in charge of the plant introduced that in March of last year, it would receive orders of 200,000 to 300,000 yuan. However, since March of this year, the factory has not received any orders. It is estimated that the loss in March will be about 300,000 yuan.

Corresponding to the rattan companies exporting to Japan, companies mainly exporting to Europe and the United States are currently eagerly advancing rattan crafts. Almost all responsible officials said that the earthquake in Japan has almost no effect on their own companies.

Exchange rate changes affect profits

It is reported that rescue and post-disaster reconstruction and insurance claims in Japan's stricken areas require large amounts of funds, and many Japanese companies sell overseas assets, which will inevitably increase the sustained depreciation of the US dollar.

According to the person in charge of Duan Anyang Fidelity Craft Factory, the continued depreciation of the US dollar has led to a further reduction in the profitability of rattan companies.

Mo Jiazhu said that the exchange rate for *** in exchange for the US dollar was 6.66 yuan last month, and it fell to 6.57 yuan this month, and was settled at the then exchange rate, making corporate profits continue to decrease.

The way to change this status is to choose settlement methods in other currencies. However, when individual companies negotiate with foreign companies, they often cannot gain the right to speak. When the reporter visited, he learned that some heads of rattan companies suggested that the government should set up a head office to change the elite way of striving to spread bravery and increase their right to speak with foreign companies.

Duan Anyang Fidelity Craft Factory official said that the total amount of exports of Duandeng's enterprises is 180 million yuan. After the county government establishes the head office, it only needs to withdraw part of the commission as operating expenses, and then unified receipt and unified shipment will make The power of discourse is heavier in trade, and it also prevents peers from pushing down prices and vicious competition. However, many heads of rattan companies do not agree with this proposal. They think it is too difficult to implement and cannot succeed.