Author: Indonesia Grament

Vietnam’s Garment Makers May Face Bankruptcies, Viettien Says
By Linus Chua and Stephen Engle
Bloomberg

Aug. 30 (Bloomberg) — Vietnam’s $3 billion garment industry, which supplies Nike Inc. and Limited Brands Inc., may see a surge in bankruptcies because of rising labor costs and competition from China, the nation’s biggest apparel maker said.

Half of Vietnam’s 2,000 garment factories could file for bankruptcy in the next two years, said Le Viet Toa, vice general director at Viettien. That may offer acquisition opportunities for the state-owned company and help increase its market share ahead of a planned share sale next year, he said. Read more about Vietnam's Garment Makers May Face Bankruptcies, Viettien Says …

UAE : Tough times for garment exports
August 29, 2014/Fibre2fashion.com, India

Mounting competitive pressure from countries like China, Pakistan, Bangladesh and India has adversely affected the country’s garment export markets.

However, Emirates Industrial Bank (EIB) studies assure that even with a significant drop in garment exports, the industry has the means to not only survive but also to prosper. Read more about UAE : Tough times for garment exports …

Bangladesh : Country to ink MoU with India to boost garment exports
August 29, 2014
Fibre2fashion.com, India

In order to boost exports of country’s readymade garments, Bangladesh Government has decided to sign an MoU with India for duty-free export of eight million pieces of readymade garments.

The proposal, which was made at the recently held 14th SAARC summit, was sealed during a subsequent visit to Dhaka by External Affairs Minister Pranab Mukherjee. Read more about Bangladesh : Country to ink MoU with India to boost garment exports …

Corsavoo.com, France – 3
Their name comes from the Latin for cotton, and expresses their unexpected belief that the way clothes are made is as important as how they look. All their clothes are made from 100% organic Indian cotton woven on handlooms to prevent wasting energy and the build up of cloth mountains and without the use of any GM seeds.
Read more about n Ethical Clothing Company Story …

Fibre2fashion.com, India

Cotton tested the highs early, but eventually fell on a late day commodity sell off. We had seen a bounce yesterday on fear from Tropical storm Gustav, but after good economic data was released today, including GDP above 3%, the financial rallied and commodities fell.
Read more about Cotton volume back to average levels as open interest continues to fall …

Dallas Morning News, TX
By CHRISTOPHER WYNN / The Dallas Morning News cwynn@dallasnews.com

Three years after American Apparel opened its first Texas shop at Mockingbird Station, the West Coast label is giving Dallas a double dip with a new boutique at NorthPark Center.
Read more about American Apparel debuts at NorthPark Center …

Philips brightens up textile tech
August 28, 2014 9:44 AM PDT
CNET News.com, CA

At this week’s IFA trade show in Berlin, Philips Research plans to showcase a jacket integrated with Lumalive, a textile that lets fabrics display changing colors and dynamic graphics.

Lumalive textiles are filled with colored LEDs that, according to Philips, are undetectable to the touch and have electronic components that are too small to be seen by the naked eye. Read more about Philips brightens up textile tech …

Association worried about garment smuggling
Antara, Indonesia

Jakarta (ANTARA News) – An association`s leader voiced concern here on Monday over the increasing smuggling of garments from several Asian countries into Indonesia.

The executive secretary of the Indonesian Textile Association (API), Ernovian G Ismy, said the smuggling of garmnets from ten Asian countries including China, Singapore, South Korea and India had increased in the past year as a result of lenient law enforcement. Read more about Association worried about garment smuggling …

INTERVIEW – Banswara Syntex to raise garment capacity
Reuters India, India

MUMBAI (Reuters) – Textile maker Banswara Syntex Ltd. plans to raise garment capacity to four times in two years, hoping to cash in on India’s booming retail sector that has seen a flurry of private labels, a senior official said.Banswara, which has begun supplying to brands owned by Lifestyle and Westside, expects sales to private labels to grow to a fifth of revenue in two years from 5 percent now, Joint Managing Director Ravi Toshniwal said on Monday Read more about INTERVIEW – Banswara Syntex to raise garment capacity …

Galloping garment sector goes downhill
The Daily Star, Bangladesh

Fails to reach EPB export target for first time; majority of RMG units lacks orders up to October
Syed Ashfaqul Haque

Growth in the readymade garment industry, the powerhouse of the country’s export economy, has slowed with the sector for the first time failing to reach export targets and facing a sharp decline in new orders. Read more about Galloping garment sector goes downhill …