JAPAN: Nissho Iwai Corp To Exit Textiles Industry
Japan#;s Nissho Iwai Corp is to withdraw from low-profit operations such as textiles and instead concentrate on five core businesses, its new medium-term business plan revealed today.
According to its business plan ending March 2005, the trading house will pull out of several low-profit operations and focus instead on energy, aerospace, data communications, automobiles and lifestyle-related goods.
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