VINATEX earns nearly 3 million USD in first quarter

VINATEX earns nearly 3 million USD in first quarter
04/18/2014 — 21:50(GMT+7)/Viet Nam News Agency, Vietnam

Ha Noi (VNA) – The Viet Nam Garment and Textile Group (Vinatex) posted revenue of 47 billion VND (roughly 2.93 million USD) in the first quarter of 2014, a 104 percent increase over the corresponding period last year.

The Viet Tien company led the six Vinatex members, hitting 10 billion VND, followed by Nha Be company with 7.2 billion VND and Det Phong Phu with 6.4 billion VND.

Under Vinatex’s estimations, there remain a lot of challenges confronting domestic textile and garment enterprises such as capital shortages, the fluctuating labour market and the upward trend in the prices of input materials. Read more about VINATEX earns nearly 3 million USD in first quarter

India : Madura Garment & Sierra form strategic alliance

India : Madura Garment & Sierra form strategic alliance
April 18, 2014/Fibre2fashion.com, India

Sierra Industrial Enterprises will provide a complete wardrobe solution to Madura Garments.
Major brands like Louis Phillip, Van Heusen, Allen Solly and Peter England have appointed Sierra as their footwear licensee.

Under the agreement, Sierra will manufacture, source, market, sale and merchandise on behalf of these brands. Read more about India : Madura Garment & Sierra form strategic alliance

6 garment parks in Bengal soon

6 garment parks in Bengal soon
Financial Express, India

KOLKATA, APR18 : West Bengal will have at least two integrated garment parks in two years at an estimated investment of Rs 600 crore. Apart from this, at least four garment parks will come up in and around Kolkata.
The largest park, being promoted by Bengal Integrated Textile Park Ltd, a special purpose vehicle formed for the project, will receive an initial investment of more than Rs 500 crore. Read more about 6 garment parks in Bengal soon

India : e-tailing strategy by garment companies catching on

India : e-tailing strategy by garment companies catching on
April 17, 2014/Fibre2fashion.com, India

India’s leading garment retailers like Pantaloon, Shoppers’ Stop and Globus are eying at e-retailing portals.
Famous apparel brand Zodiac has already started online stores.

Online sales are currently marked by single digit growth, yet this leading retailer want to serve consumers from all quarters.
As per the projection by Internet and Online Association of India (IOAI), online shopping will increase to Rs2300 crore by 2014. Read more about India : e-tailing strategy by garment companies catching on

Vietnam: Garment and textile sector accelerates growth in second quarter

Vietnam: Garment and textile sector accelerates growth in second quarter
(Thai Press Reports Via Thomson Dialog NewsEdge)/TMCnet

Section: Regional News – To obtain a minimum of 25-27 percent of this year’s plan in the second quarter in order to fulfill the growth target, the VGTG is striving to complete its organisation and operation regulations, and financial procedures; speed up equitisation process of member companies; form product groups; build material trading centres in Hanoi and Ho Chi Minh City; and expand the operations of the fashion company.

Member companies of the Vietnam Garment and Textile Group (VGTG) achieved high production and consumption growth in the first quarter of this year, compared to the same period of 2005. Industrial production value reached more than VND2,400 billion, up more than 20 percent, turnover increased by 17 percent, export value earned more than US$120 billion, up 26.5 percent, and profit is estimated at more than VND47 billion, up 104 percent. Read more about Vietnam: Garment and textile sector accelerates growth in second quarter

Pemasaran Batik Laweyan Solo Kurang Agresif

Pemasaran Batik Laweyan Solo Kurang Agresif
Kamis, 06 April 2014 | 21:28 WIB

TEMPO Interaktif, Solo:Menteri Koperasi dan Usaha Kecil Menengah, Suryadharma Ali, menilai pemasaran dan promosi produk batik masih kurang. Padahal potensi dan keunggulan produk ini sangat besar dibanding jenis sandang lainnya.

“Pemasaran dan promosi produk batik terutama dari Kampung Batik Laweyan Solo masih kalah jauh dibanding yang lain. Saya melihat pemasarannya tidak agresif, padahal potensinya sangat menjanjikan,” katanya di Kampung Batik Laweyan Solo, Kamis siang. Read more about Pemasaran Batik Laweyan Solo Kurang Agresif

Rice farmers go organic and earn extra money

Rice farmers go organic and earn extra money
Jakarta Post, Indonesia
Theresia Sufa, The Jakarta Post, Bogor

The increasing popularity of organic produce in the capital has led farmers in uphill Bogor to dedicate some of their land to growing organic fruit and vegetables.

Farmers in Ciasihan village in the Pamijahan district, for example, previously relied on rice harvests. Read more about Rice farmers go organic and earn extra money

Strong Re hits garment exporters hard

Strong Re hits garment exporters hard
Moneycontrol.com, India

The dollar’s hammering is now starting to hurt garment exporters, and soon most exporters may prefer moving to low-cost producing countries like Bangaldesh and Vietnam, reports CNBC-TV18.

First it was the IT industry, which said that the rupee appreciation against the dollar would hurt margins and now it is the textile sector, which is crying foul. Garment exporters say they are running into losses, as they are working on 5-7% margins, compared to the domestic currency that has strengthened nearly 9% against the dollar. Read more about Strong Re hits garment exporters hard

Garment cos line up e-tailing plans

Garment cos line up e-tailing plans
Economic Times, India

MUMBAI: India’s burgeoning garment retail sector is now entering cyberspace. Prominent retail stores including, Pantaloon, Shoppers‘ Stop and Globus are looking at setting up e-retailing portals. High-end garment brands like Zodiac have already set up online stores.

Analysts point out that while the growth of online sales is still largely in single-digits even in the mature markets, the Indian retailers want to tap consumers through all avenues. Read more about Garment cos line up e-tailing plans

Nine garment factories penalised -forlack of adequate safety equipment

Nine garment factories penalised -forlack of adequate safety equipment
News From Bangladesh
Monday April 17 2014 10:21:28 AM BDT

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) during the last 15 days of its crash programme fined nine garment factories for not having adequate fire safety equipment, reports UNB.

The ‘D category’ factories were fined Tk 10,000 each and asked to comply with the safety measures.
Under the crash programme, the BGMEA inspection teams visited 536 industrial units and asked some factories to arrange double exit and some others to expand the stairways to ensure smooth exit in case of any emergency. Read more about Nine garment factories penalised -forlack of adequate safety equipment