Category: General

Turkey gets knitting on garment alliance deal
Vietnam Investment Review, Vietnam

Turkey, the world’s fourth largest exporter of ready-made garments, is setting its eyes on Vietnam as a manufacturing base because of its low-cost, skilled labour.
Turkish-Vietnamese Business Council chairman Muzaffer Arslan said Turkish companies have opened hundreds of factories in Asia, especially in China over the last few years due to high labour costs at home.
“I am encouraging Turkish garment and textile companies to invest in Vietnam as it has a lot of advantages in terms of labour and favourable policies for foreign investors,” Arslan said. Read more about Turkey gets knitting on garment alliance deal …

Chiang Mai City Life, Thailand

Kaewkaw Na Chiengmai, named after its owner, is a new addition to the assortment of shops on the popular Nimmanhaemin Road. Not only can you browse through owner,
Read more about Kaleidoscopic Batik …

The Associated Press
By DAVID B. CARUSO – 2 days ago
NEW YORK (AP) — Like other garment factories in New York, Jin Shun Inc. was a small enterprise on the city’s margins, staffed by Chinese-speaking immigrants and tucked away in an industrial corner that few outsiders see.
Read more about Some garment factories scheme to evade monitors …

Morarjee Textiles plans Rs 150 cr capex
Economic Times, India

NEW DELHI: Ashok Piramal group company Morarjee Textiles is looking at expanding aggressively through brownfield as well as greenfield route. The company is also looking at buying brands. It plans to invest at least Rs 150 crore in the next three years in the garment business, which will see three manufacturing facilities come onstream.“We want to double our garment business every year for the next three years,” says Morarjee Textiles executive vice-chairman Harsh Piramal. Read more about Morarjee Textiles plans Rs 150 cr capex …

Fibre2fashion.com, India
Information from the Statistics and Census Service indicated that the value of total exports of goods amounted to MOP1.61 billion in July 2014, down by 13.7% year-on-year; the value of domestic exports decreased by 23.7% to MOP1.02 billion, but that of re-exports increased by 11.2% to MOP594 million.
Read more about Value of textile & garment exports decline …

Garment makers in Vietnam face shakeout
International Herald Tribune, France

HO CHI MINH CITY Vietnam’s $3 billion garment industry, which supplies Nike and Limited Brands, may see a surge in bankruptcies because of rising labor costs and competition from China, the nation’s biggest clothing 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 in the interview. Read more about Garment makers in Vietnam face shakeout …

Malaysia Star, Malaysia
KUALA LUMPUR: Batik will make a debut at Harrods next March with the Raja Permaisuri Agong, Tuanku Nur Zahirah, promoting the Malaysian art in London.
Read more about Batik set to make debut at Harrods …

Vietnam : Phuong Dong Garment expands F-House chain
August 30, 2014
Fibre2fashion.com, India

Phuong Dong Garment Company is expanding its domestic network of F-House fashion stores where it’s key and latest fashion collections will be on sale.

F-House range comprises polo shirts, T-shirts, shirts, Western-style trousers, khaki trousers, skirts and many more, aimed to the youth and office-going people.

All products of the collection are designed by Vietnam’s famous fashion designers and made of high–quality materials and accessories.

Ho Chi Minh City–based Phuong Dong Garment is one of leading fashion developer of the country. Read more about Vietnam : Phuong Dong Garment expands F-House chain …

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 …