Tiraspol, February 22. /Novosti Pridnestrovya/. Traditionally, Tirotex has been fruitfully cooperating with cotton suppliers from the countries of Central Asia for many years. According to all technical parameters, such Central Asian cotton is excellent for the production of textile products at Tirotex. These include grade, staple length, robustness indicators, and much more.
However, recently there have been significant planting reductions, which, in turn, led to a reduction in cotton production, and hence it's supply in the Central Asian republics. In connection with the above factors, Tirotex began to explore the market in search of additional raw material suppliers. Under laboratory conditions, various samples were examined for compliance with the technical parameters required for production. Cotton from West Africa showed outstanding properties. So, it was decided to purchase African "white gold".
Andrey Mezhinsky, General Director of Tirotex, noted that the reduction in cotton supply provoked a record increase in cotton prices on the world market.
“More than 80% rise in prices has already been noted. Therefore, we were forced to diversify the supply chain of the main raw materials. The search for the cotton required by technical parameters was accompanied by thorough tests in the Tirotex laboratory. Our research site is equipped with the most modern certified equipment from the Italian manufacturer Mezdan. Therefore, positive conclusions did not raise any doubts. So, for the first time in the history of production, we began to work with African raw materials. Logistics across the Atlantic Ocean and the Mediterranean Sea is quite difficult, but the raw materials arrived on time and without delay. A batch has already arrived and will be used in production soon,” the Director said.
The Director of the spinning and weaving production commented on the results of laboratory studies of the supply of African raw materials.
“In some quality parameters, African “white gold” even outperforms analogs from Central Asia,” Ivan Damaskin emphasized.
Over the past decade, the cotton price has risen to its highest level, while the stock-exchange quotation has shown an unprovoked skyrocketing price of cotton over the past six months. Disruptions in the supply chain around the world and an overall increase in costs for almost all raw materials in textile production exacerbate the situation.
However, there is the other side of that coin - the post-pandemic mood of the consumer and their desire to update home textiles, which creates an optimistic outlook for the demand for final products.
