Unitika announced that it will dissolve Osaka Dyeing, a subsidiary engaged in dyeing and finishing cotton products, knitwear and other products. The process is being carried out as part of its restructuring, with liquidation scheduled to be completed on 30 September 2027.
Unitika announced on the 26th that it will dissolve Osaka Dyeing, a subsidiary engaged in dyeing and finishing. The dissolution is being carried out as part of its restructuring.
Liquidation is scheduled to be completed on 30 September 2027. Unitika announced its withdrawal from the textile business in 2024 and is advancing a review of its business structure.
The impact of Osaka Dyeing's dissolution on earnings is expected to be minor.