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January 30, 2002

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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