OSAKA -- Japanese materials maker Unitika looks to unload its struggling fiber-related operations amid growing competition from Chinese rivals, while the company's key creditors could agree to waive up to around 40 billion yen ($261 million) of its debt, Nikkei has learned.
Unitika aims to find buyers for the fibers and textiles segment as well as much of its performance materials segment, including nonwoven fabrics and industrial fibers, by around fiscal 2025.
