Textile industry in Taiwan
Open-knowledge reference entry
The textile industry in Taiwan is a major component of the economy of Taiwan.
History
In 1949, Taiwan had 10,000 cotton spindles. In 1954, the Ministry of Economic Affairs established a committee to establish plans for textile industry. The Taiwan Textile Research Institute (TTRI), a government research institute, was founded in 1959. In 1964, the industry grew to 500,000 cotton spindles, making the cotton textiles industry the fastest growing industry in Taiwan at that time. Decades later with the growing petrochemical industry, man-made fiber dominated the field. After the normalization of relations with the People’s Republic of China much of Taiwan’s textile industry either shifted production or went out of business. According to TTRI data in 1997 there were 7,752 textile companies in Taiwan, but by 2010 there were only 4,299.
In the 21st century Taiwan’s textile industry shifted towards technical textiles, a global market which Taiwan had captured 70% of by 2018.
Economy
As of 1965, the industry paid a total tax of NT$240 million to the government.
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This entry incorporates text from “Textile industry in Taiwan” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.