Once a leading export-industry in China, many textile businesses have recently been pushed to the brink of bankruptcy by rising costs and unfavorable government policies, according to a recent research by the industry’s businesses federation.
The research conducted in March found that the industry had sunk into a dire state, with over two-thirds of the businesses […]
China’s export-oriented textile industry is suffering from low profit margins amid yuan appreciation, China National Textile and Apparel Council (CNTAC) said.
According to CNTAC’s latest industry survey, profit margins averaged at 3.9 percent among textile companies last year. Two thirds of the companies surveyed reported an average profit margins of 0.62 percent.
The survey, conducted by CNTAC […]
Soft-Tex’ 08 made a grand launch on Monday. This virtual trade fair illustrates to be the Software Park for Textile-Apparel companies in real significance. Leading software solution providers from across the globe have all come there to exhibit the thick blanket of their products & services. Soft-Tex’ 08 has provided a promising platform for IT […]
It should be no surprise that a leading trend market like Miami Beach has proven a need for a fashion week to call their own. As with every year, FUNKSHION: Fashion Week Miami Beach, will fuse music, fashion and like no other city in the world could do. This is Fashion Week - MIAMI STYLE!
FUNKSHION: […]
Deliverance is on the way for India’s garment industry, currently being overtaken by Bangladesh in the global marketplace, thanks to a rising rupee and India’s inflexible labour laws. The government is in the process of amending labour laws to allow the textile industry, and other such industries where the demand for labour rises steeply in […]
Minister of State for Textiles, E V K S Elangovan said the government expects an increase in employment of 45.19 million persons in the textile industry by the terminal year of the Eleventh Plan.
Replying in the Parliament, he said employment in the allied industries is expected to increase from 54.85 million persons to 60.20 million […]
Minister of State for Textiles, E V K S Elangovan said the government expects an increase in employment of 45.19 million persons in the textile industry by the terminal year of the Eleventh Plan.
Replying in the Parliament, he said employment in the allied industries is expected to increase from 54.85 million persons to 60.20 million […]
manufacturing turnover was 11 percent higher than in January 2007. The growth was considerably higher than in December. Turnover growth on the domestic and foreign market was about the same.
The increase was largely caused by higher selling prices, particularly for petroleum and chemical products. Improved sales accounted for the remainder of the increase.
The 14 percent […]
Prime Minister Nguyen Tan Dung has inked a development strategy for Vietnam’s textile and apparel industry applicable until 2015 with a vision to 2020. The strategy envisages annual growth rate of 16-18% for the industry between now and 2010, annual export revenue increase of 20% and outbound sales of US$14.8 billion by 2010.
* Price of […]
The employees in the textile and clothing industry in the western part of Germany will receive a wage increase of 3.6 pct from June 1, trade union IG Metall said in a statement.
In addition, employees will receive two one-time payments in April and May of 200 eur each, it added.
The new wage contract will […]
Timberland Co., which makes apparel and footwear, said Monday its board of directors authorized the repurchase of another 6 million shares of common stock.
The company said the authorization adds to the company’s current 6 million-share authorization. Timberland said about 1 million shares remained on that authorization at the end of 2007.
As of Feb. 22, Timberland […]
Nike is expanding its sportswear training business and upping the pressure on competitor Under Armour.
The Beaverton, Ore.-based company said Monday it is launching a line of footwear, apparel and equipment focused on young athletes, including a partnership with a specialty company called Sparq Training.
“I think over the last couple of years, there is a real […]